Better Growth Stock: Pfizer vs. Novo Nordisk
Both (NYSE: PFE) and Novo Nordisk (NYSE: NVO) can claim to investors that plenty more growth is on the way. With new markets beckoning and multi-year strategic plans in full swing, both of these pharma heavyweights are in motion toward making more money.
But one of them is already making good on its ambitions, whereas the other is still gearing up for a big push. So which is the better growth stock?
Pfizer has a grand plan to commercialize a diverse set of the medicines in its pipeline that it expects will add as much as $45 billion in sales by 2030. It is also aiming to sign a ton of business development deals -- picking up lucrative early- and mid-stage pharmaceutical assets, production licenses, royalties, and a handful of smaller companies along the way.
Source Fool.com
Pfizer Inc. Stock
The stock is one of the favorites of our community with 31 Buy predictions and 4 Sell predictions.
As a result the target price of 41 € shows a very positive potential of 60.0% compared to the current price of 25.63 € for Pfizer Inc..
