Is BioNTech Stock a Buy?
_0.png?locale=de){kind=logo}
Thanks to its highly promising coronavirus vaccine candidate, BioNTech (NASDAQ: BNTX) stock is up by more than 140% this year so far, appealing to both Robinhood speculators and mainstream biotech investors alike. With the U.S. and Japanese governments each requesting more than 100 million doses of its candidate well before clinical trials are scheduled to conclude, the company's present lack of revenue seems like a minor concern. And, with a compelling pipeline of immunotherapies for various cancers in the works, BioNTech's future looks quite bright, at least at first glance.
On the other hand, BioNTech's ambitious goal of producing personalized immunotherapies seems to be no closer to reality than when the company went public in late 2019, perhaps in part because of its prioritization of the coronavirus vaccine project. Furthermore, its ballooning stock price is likely overvalued in the context of its completely unproven earning potential, not to mention its heavy reliance on larger collaborators like Pfizer (NYSE: PFE) that stand to capture a big chunk of the company's potential coronavirus success.
Image source: Getty Images.
Source Fool.com
