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Why Moderna Stock Climbed Today

TheMotleyFool

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Shares of Moderna (NASDAQ: MRNA) rose 6.8% on Friday, as analysts and investors grew more optimistic about the vaccine maker's growth prospects.

Piper Sandler analyst Edward Tenthoff repeated his overweight rating on Moderna's stock and boosted his price forecast from $208 to $234 on Thursday. His new price target represents potential returns to shareholders of roughly 37% from Moderna's current share price near $170.

Moderna's stock price is up sharply in recent days. Image source: Getty Images.

Source Fool.com

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