Vaccine Sales Are Falling. Should You Still Buy Pfizer?
(NYSE:PFE) confirmed this week what everyone has been expecting. COVID-19 vaccine sales are falling drastically. The company reported a 77% drop in Comirnaty sales in the first quarter compared to the same time a year ago. As we head toward a post-pandemic world, demand won't equal that of a pandemic situation.
The big pharmaceutical company also sells coronavirus treatment, Paxlovid. And that product, too, is set to see declines. In fact, Pfizer expects Comirnaty and Paxlovid sales to fall 64% and 58%, respectively, this year. Considering this, should you still buy Pfizer shares? Let's find out.
First, let's talk about the coronavirus portfolio. It's true that coronavirus products have driven growth at Pfizer over the past couple of years. But Pfizer was addressing a pandemic, which is an exceptional situation.
Source Fool.com
Pfizer Inc. Stock
With 28 Buy predictions and 4 Sell predictions Pfizer Inc. is one of the favorites of our community.
With a target price of 41 € there is a positive potential of 44.24% for Pfizer Inc. compared to the current price of 28.43 €.
