Is Pfizer Stock a Buy After This Win?
After years of lagging the market, has (NYSE: PFE) finally found a spark? With unimpressive financial results and recent launches that have not generated enough sales to turn things around, the pharmaceutical giant is betting that solid pipeline development could finally allow it to bounce back. And recently, the drugmaker reported results from a clinical trial that had the market buzzing, sending Pfizer's shares up by about 3% on the heels of the news. Is this the beginning of a sustained run? Let's find out whether now is a good time to invest in the stock.
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On March 17, Pfizer announced that an investigational candidate, atirmociclib, performed well in a phase 2 study in patients with second-line metastatic breast cancer. The medicine, when combined with another breast cancer therapy called fulvestrant -- marketed as Faslodex -- significantly improved progression-free survival versus Faslodex alone, or another combo treatment.
Source Fool.com
Pfizer Inc. Stock
We see a rather positive sentiment for Pfizer Inc. with 14 Buy predictions and 2 Sell predictions.
As a result the target price of 27 € shows a slightly positive potential of 9.93% compared to the current price of 24.56 € for Pfizer Inc..
