2 COVID Stocks I'd Consider Instead of Moderna
Shares of vaccine maker Moderna hit highs of nearly $500 earlier this year. But they likely aren't getting back to those heights anytime soon. And even at the stock's current price of around $330, many analysts see it as overvalued -- most price targets are no higher than $250.
No doubt, Moderna has been an exceptional investment over the past year, soaring 350% while the S&P 500 has risen by just 29%. But the gravy train for investors may be coming to an end, especially as more vaccines and options for treating COVID-19 become available. Two stocks I'd buy instead of Moderna are AstraZeneca (NASDAQ: AZN) and Merck (NYSE: MRK).
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Source Fool.com
