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Pfizer Stock: Don’t Be Scared by Moderna Momentum

Pfizer (NYSE:PFE) stock has sunk 14% since August 18, when it hit a new high not seen since 1999. With negative momentum picking up, could PFE stock be at risk of surrendering...
Pfizer Stock: Don’t Be Scared by Moderna Momentum © Reuters. Pfizer Stock: Don’t Be Scared by Moderna Momentum

Pfizer (NYSE:PFE) stock has sunk 14% since August 18, when it hit a new high not seen since 1999.

With negative momentum picking up, could PFE stock be at risk of surrendering more of its summer gains, even as Delta variant cases climb?

Indeed, rival COVID-19 vaccine maker Moderna (NASDAQ:MRNA) has been stealing a great deal of the limelight from Pfizer in recent months.

I remain bullish on Pfizer stock, and don't believe that investors should treat any good news for Moderna as a material negative for Pfizer. (See PFE stock charts on TipRanks)

Moreover, Moderna stock's valuation has become quite hefty, as the stock has doubled up many times since last year. Pfizer has a much more modest valuation, a bountiful 3.4% dividend yield, and growth prospects that seem largely underrated.

The COVID-19 Defence Race

A recent Belgian study revealed that Moderna's COVID-19 shot produced twice as many antibodies than that of Pfizer's.

News of Moderna's more potent shot has given Moderna stock quite the shot in the arm, perhaps at the expense of Pfizer stock.

Still, the data doesn't suggest that Pfizer has an inferior vaccine. Pfizer's scientists were quick to defend their shot, noting that lower doses were intentional and aimed to reduce potential side effects.

It's not just news of Moderna's more potent jab that has investors siding with MRNA over PFE.

Recently, Moderna announced a combo shot that aims to boost protection against COVID-19, as well as the flu. This is just another innovation that has investors excited. Still, it's a mistake to count the larger, more mature Pfizer out of the game, seeing as it is more than capable of producing a similar vaccine of its own.

Earlier this year, Pfizer announced plans to launch a COVID-19 pill by the end of 2021. The oral drug, which is now in its mid-to-late stage trials, aims to prevent the coronavirus from multiplying.

Should the pill, which seems to show promise, launch at some point over the next several months, I find it hard to believe that Pfizer stock will remain stuck at these lows.

In any case, I think it's a mistake to count Pfizer out of the game just because Moderna has been making headlines.

Wall Street's Take

According to TipRanks’ analyst rating consensus, PFE stock comes in as a Hold. Out of 10 analyst ratings, there are two Buy recommendations, and eight Hold recommendations.

The average PFE price target is $45.70. Analyst price targets range from a low of $41 per share, to a high of $61 per share.

Bottom Line

After Moderna's past year of incredible gains, the company now commands a market cap of $174 billion. That's $76 billion shy of Pfizer's $250 billion market cap. Given today's valuations, and Pfizer's underrated innovative capabilities, I'd bet that the market cap gap between Pfizer and Moderna is likelier to widen again, rather than close.

Pfizer may be the larger of the two companies, but it's not much larger anymore. Despite its old age, Pfizer has proven it can innovate, with its effective COVID-19 vaccine and oral treatment in the works.

Disclosure: Joey Frenette owned shares of Pfizer at the time of publication.

Disclaimer: The information contained in this article represents the views and opinion of the writer only, and not the views or opinion of TipRanks or its affiliates, and should be considered for informational purposes only. TipRanks makes no warranties about the completeness, accuracy or reliability of such information. Nothing in this article should be taken as a recommendation or solicitation to purchase or sell securities. Nothing in the article constitutes legal, professional, investment and/or financial advice and/or takes into account the specific needs and/or requirements of an individual, nor does any information in the article constitute a comprehensive or complete statement of the matters or subject discussed therein. TipRanks and its affiliates disclaim all liability or responsibility with respect to the content of the article, and any action taken upon the information in the article is at your own and sole risk. The link to this article does not constitute an endorsement or recommendation by TipRanks or its affiliates. Past performance is not indicative of future results, prices or performance.

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17-09-2021 14:35:11 (UTC+7)

EUR/USD

1.1779

+0.0015 (+0.13%)

Summary

↑ Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (1)

Sell (7)

EUR/USD

1.1779

+0.0015 (+0.13%)

Summary

↑ Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (1)

Sell (7)

GBP/USD

1.3798

+0.0010 (+0.07%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (11)

Sell (0)

USD/JPY

109.89

+0.19 (+0.18%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

AUD/USD

0.7314

+0.0024 (+0.34%)

Summary

Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (5)

Sell (2)

USD/CAD

1.2651

-0.0031 (-0.24%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (0)

Sell (3)

EUR/JPY

129.46

+0.41 (+0.32%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (9)

Sell (1)

EUR/CHF

1.0915

+0.0004 (+0.04%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (0)

Sell (6)

Gold Futures

1,762.95

+6.25 (+0.36%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (2)

Sell (7)

Silver Futures

22.968

+0.174 (+0.76%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (1)

Sell (8)

Copper Futures

4.3037

+0.0212 (+0.50%)

Summary

Neutral

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (2)

Sell (6)

Crude Oil WTI Futures

72.22

-0.34 (-0.47%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

Brent Oil Futures

75.34

-0.33 (-0.44%)

Summary

Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (2)

Sell (3)

Natural Gas Futures

5.296

+0.025 (+0.47%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (1)

US Coffee C Futures

187.78

+0.43 (+0.23%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (0)

Sell (8)

Euro Stoxx 50

4,208.65

+38.78 (+0.93%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

S&P 500

4,473.76

-6.94 (-0.15%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (10)

DAX

15,757.05

+105.30 (+0.67%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

FTSE 100

7,055.05

+27.57 (+0.39%)

Summary

Neutral

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (1)

Sell (7)

Hang Seng

24,776.62

+108.77 (+0.44%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (1)

Sell (7)

US Small Cap 2000

2,236.28

+1.83 (+0.08%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (4)

Sell (4)

IBEX 35

8,836.50

+102.80 (+1.18%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (2)

BASF SE NA O.N.

65.195

-0.015 (-0.02%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (4)

Bayer AG NA

45.76

+0.12 (+0.26%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (8)

Allianz SE VNA O.N.

193.48

+1.01 (+0.52%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (1)

Sell (4)

Adidas AG

287.43

+2.13 (+0.75%)

Summary

Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (4)

Sell (3)

Deutsche Lufthansa AG

8.162

+0.161 (+2.01%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (9)

Sell (2)

Siemens AG Class N

151.28

+1.24 (+0.83%)

Summary

Neutral

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (1)

Sell (7)

Deutsche Bank AG

11.225

+0.120 (+1.08%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (1)

Sell (6)

 EUR/USD1.1779↑ Sell
 GBP/USD1.3798↑ Buy
 USD/JPY109.89↑ Buy
 AUD/USD0.7314Buy
 USD/CAD1.2651Sell
 EUR/JPY129.46↑ Buy
 EUR/CHF1.0915Sell
 Gold1,762.95↑ Sell
 Silver22.968↑ Sell
 Copper4.3037Neutral
 Crude Oil WTI72.22↑ Sell
 Brent Oil75.34Sell
 Natural Gas5.296↑ Buy
 US Coffee C187.78↑ Sell
 Euro Stoxx 504,208.65↑ Buy
 S&P 5004,473.76↑ Sell
 DAX15,757.05↑ Buy
 FTSE 1007,055.05Neutral
 Hang Seng24,776.62↑ Sell
 Small Cap 20002,236.28Neutral
 IBEX 358,836.50↑ Buy
 BASF65.195↑ Sell
 Bayer45.76↑ Sell
 Allianz193.48Neutral
 Adidas287.43Buy
 Lufthansa8.162↑ Buy
 Siemens AG151.28Neutral
 Deutsche Bank AG11.225Sell
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank5,615/ 5,665
(-20/ -15) # 808
SJC HCM5,600/ 5,665
(-50/ -55) # 808
SJC Hanoi5,600/ 5,667
(-50/ -55) # 810
SJC Danang5,600/ 5,667
(-50/ -55) # 810
SJC Nhatrang5,600/ 5,667
(-50/ -55) # 810
SJC Cantho5,600/ 5,667
(-50/ -55) # 810
Cập nhật 17-09-2021 14:35:15
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ↀ Giá vàng thế giới
$1,763.27+9.140.52%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-IV2149021910
RON 95-II,III2139021810
E5 RON 92-II2014020540
DO 0.05S1602016340
DO 0,001S-V1637016690
Dầu hỏa1508015380
ↂ Giá dầu thô thế giới
WTI$72.21-0.24-0.33%
Brent$75.35-0.48-0.64%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD22.640,0022.870,00
EUR26.118,3927.477,69
GBP30.621,6331.901,01
JPY202,13213,83
KRW16,7120,34
Cập nhật lúc 14:34:29 17/09/2021
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