Moderna, Inc MRNA Stock Forecast & Price Targets

what is moderna stock

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  1. You want to look at, what are the factors that impact Moderna's ability to continue growing earnings in the future?
  2. Moderna updated its FY 2024 earnings guidance on Thursday, February, 22nd.
  3. First of all, mutual funds and ETFs were probably already buying up shares of these stocks even before the announcement was made about their addition to the S&P 500.

The company has experienced rapid growth due to its innovative mRNA technologies, especially as the U.S. authorized the COVID-19 vaccine developed by Moderna Inc. for human use in December 2020. I think there are two things that explain what's going on there. First of all, mutual funds and ETFs were probably already buying up shares of these stocks even before the announcement was made about their addition to the S&P 500. They have an inkling of what's going to happen before the announcement comes out, and so they go ahead and start making some buys.

Moderna Inc MRNA

View MRNA analyst ratings or view top-rated stocks. The other thing is that there are just different dynamics at work with individual stocks, and those different dynamics account for these stocks doing different things after the announcement and then after their inclusion on the S&P 500 Index. The bottom line for investors here, in my view, is that you shouldn't buy Moderna just because it's being added to the S&P 500 Index, although that's really good news for the company for sure. Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer. The Motley Fool reaches millions of people every month through our premium investing solutions, free guidance and market analysis on Fool.com, top-rated podcasts, and non-profit The Motley Fool Foundation. The more important thing to focus on with Moderna are those unique dynamics that impact this particular stock.

what is moderna stock

You want to look at, what are the factors that impact Moderna's ability to continue growing earnings in the future? In particular, that means you're going to watch out for the rise of the coronavirus variants and how those variants impact the potential for Moderna to sell more of its COVID-19 vaccine. Moderna Inc. is actively working to develop a range of pharmaceutical solutions and vaccines and to increase its strategic alliances. The company has seen success in its innovative mRNA technologies, and its growing partnerships have given them an edge over its competitors. Moderna Inc., founded in 2010, is a biotechnology company focused on creating transformative medicines to combat viruses and other diseases. The company utilizes messenger ribonucleic acid (mRNA) technology, which transports information from a living creature's DNA to other parts of the body.

The average analyst rating for Moderna stock from 15 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market. The 12 analysts with 12-month price forecasts for Moderna stock have an average target of 132.58, with a low estimate of 86 and a high estimate of 231.

There's a more important factor driving the stock.

Stéphane Bancel has an approval rating of 92% among the company's employees. This puts Stéphane Bancel in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. Moderna updated its FY 2024 earnings https://www.investorynews.com/ guidance on Thursday, February, 22nd. The company provided EPS guidance of for the period. The company issued revenue guidance of $4.0 billion-$4.0 billion, compared to the consensus revenue estimate of $4.5 billion.

what is moderna stock

Moderna Inc. has formed strategic partnerships with a variety of pharmaceutical companies, including AstraZeneca PLC, Merck & Co. Furthermore, the company has a collaboration and license agreement with Chiesi Farmaceutici S.P.A. New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies. We’d like to share more about how we work and what drives our day-to-day business. © 2024 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.

Revenue Growth

The average target predicts an increase of 35.15% from the current stock price of 98.10. Moderna Inc. operates in multiple therapeutic areas, including infectious diseases, immuno-oncology, rare diseases, autoimmune diseases and cardiovascular diseases. Its product pipeline includes prophylactic vaccines, localized regenerative therapeutics, cancer vaccines, systemic secreted therapeutics, intratumoral immuno-oncology and systemic intracellular therapeutics. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Moderna's stock was trading at $99.45 at the start of the year.

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Moderna in the last year. There are currently 2 sell ratings, 8 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" MRNA shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MRNA, but not buy additional shares or sell existing shares.

Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer. You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.

Moderna to Host Fifth Annual Investor Event For Vaccines and Business Updates on March 27, 2024

Since then, MRNA stock has decreased by 1.4% and is now trading at $98.10. As the company continues to advance its technologies and expand its strategic alliances, Moderna Inc. is proving to be a reliable source of transformative medicines to combat viruses and other diseases. I was curious to see how the stocks that have been added so far this year to the S&P 500 have performed. Moderna (MRNA 2.66%) was recently added to the S&P 500 index. This was a big milestone for the vaccine maker after its breakout year in 2020. 57 employees have rated Moderna Chief Executive Officer Stéphane Bancel on Glassdoor.com.

And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. (MRNA) raised $499 million in an initial public offering on Friday, December 7th 2018. The company issued 21,700,000 shares at $22.00-$24.00 per https://www.forex-world.net/ share. Morgan served as the underwriters for the IPO and BofA Merrill Lynch, Barclays, Piper Jaffray, Bryan, Garnier, Oddo BHF, Oppenheimer, Needham and Chardan were co-managers. Sign-up to receive the latest news and ratings for Moderna and its competitors with MarketBeat's FREE daily newsletter.

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