Will Pfizer Be a Trillion-Dollar Stock by 2040?
Home to the likes of tech heavyweights like Apple and Alphabet, the club of companies worth more than $1 trillion in market cap is quite exclusive. So far, no single enterprise in the healthcare sector has been able to join the cadre -- but could Pfizer (NYSE: PFE) eventually be the first?
Right now, Pfizer's market cap is about $303 billion. Could it grow to reach somewhere near $1 trillion in the next 18 years? Let's do a few calculations and compare what we find to its core business model and past performance to see how realistic that might be. I think the answer may surprise you.
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Source Fool.com
