Here's Why Pfizer Stock Is Still a Buy
(NYSE: PFE) got a huge boost during the coronavirus pandemic thanks to its COVID-19 vaccine. Since that point, however, investors have soured on the stock, which has lost more than half its value since its 2021 high-water mark. There are very real concerns to consider with the business, but investor sentiment may have swung too far to the negative here.
Pfizer is one of the world's largest pharmaceutical companies, with a long history of innovation. This is an important fact to keep in mind as you look at the stock. The drug industry is capital-intensive due to the heavy research and development spending required. Adding to costs is the regulatory burden drugmakers face, since new drugs must prove both effective and safe before they are allowed to be sold.
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Source Fool.com
Pfizer Inc. Stock
With 12 Buy predictions and only 2 Sell predictions the community sentiment for the stock is positive.
With a target price of 27 € there is a slightly positive potential of 17.6% for Pfizer Inc. compared to the current price of 22.96 €.
