Where Will Pfizer Be in 10 Years?
(NYSE: PFE) has reached a major transition point. The big pharma company took center stage earlier in the COVID-19 pandemic when it became the first to launch a coronavirus vaccine. That product, Comirnaty, and the treatment Paxlovid, released later, helped Pfizer's revenue reach a record level of $100 billion in 2022; the two products made up more than half of that.
Now, though, with coronavirus product demand falling and losses of exclusivity ahead for some of Pfizer's other drugs, the company's revenue is on the decline. And Pfizer's shares, after climbing to a peak back in 2021, have now dropped nearly 50% from that level.
But this pharmaceutical giant hasn't turned the final page in its growth story; instead, it's taken steps to renew its portfolio of products and boost revenue. Where will Pfizer be in 10 years? Let's find out.
Source Fool.com
Pfizer Inc. Stock
The stock is one of the favorites of our community with 28 Buy predictions and 4 Sell predictions.
As a result the target price of 41 € shows a positive potential of 44.65% compared to the current price of 28.35 € for Pfizer Inc..
