With (NYSE: PFE) stock hovering near a five-year low, one analyst has just started coverage of the pharmaceutical giant and is telling investors it's time to buy. In a report released last week, Guggenheim analyst Vamil Divan said he believes Pfizer is worth $36 per share. That would represent a gain of about 30% from Friday's closing price.

Pfizer's cash generated from operations soared during the COVID-19 pandemic, and its share price soared along with it. But Pfizer stock has dropped by more than 50% from its pandemic-era high as investors wondered if, and how, it could resume growth.

Guggenheim's Divan thinks the company does have a path back to growth though. He believes that near-term financial estimates for the company could be too conservative as it commercializes treatments for cancer and respiratory syncytial virus, more commonly known as RSV.

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Source Fool.com