Novavax (NASDAQ:NVAX) Explodes 50% Higher after Sanofi Deal
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 13 2024
0mins
Should l Buy PFE?
Source: TipRanks
- Novavax's Deal with Sanofi: Novavax announced a new deal with Sanofi, causing its shares to surge by almost 49% in Monday's trading.
- Impact of the Deal: The deal valued in billions allowed Novavax to remove its "going concern" warning and involved Sanofi acquiring less than 5% of Novavax for around $500 million.
- Reasons Behind the Deal: Sanofi plans to market Novavax's COVID-19 vaccine globally, despite the pandemic being considered under control with existing vaccines from Pfizer and Moderna.
- Analyst Ratings: Wall Street analysts have a Moderate Buy consensus on NVAX stock, with two Buys, three Holds, and no Sells in the past three months.
- Stock Performance: Despite a 63.5% rally in the past year, the average price target for NVAX is $11.75 per share, implying a 10.34% downside risk.
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Analyst Views on PFE
Wall Street analysts forecast PFE stock price to rise
16 Analyst Rating
5 Buy
11 Hold
0 Sell
Moderate Buy
Current: 27.160
Low
24.00
Averages
28.56
High
35.00
Current: 27.160
Low
24.00
Averages
28.56
High
35.00
About PFE
Pfizer Inc. is a research-based, global biopharmaceutical company. The Company is engaged in the discovery, development, manufacture, marketing, sale and distribution of biopharmaceutical products worldwide. Its Biopharma segment includes the Pfizer U.S. Commercial Division, and the Pfizer International Commercial Division. Its product categories include oncology, primary care and specialty care. Its oncology products include Ibrance, Xtandi, Padcev, Adcetris, Inlyta, Lorbrena, Bosulif, Tukysa, Braftovi, Mektovi, Orgovyx, Elrexfio, Tivdak and Talzenna. Its primary care products include Eliquis, Nurtec ODT/Vydura, Zavzpret, the Prevnar family, Comirnaty, Abrysvo, FSME/IMMUN-TicoVac, Nimenrix, Trumenba, and Paxlovid. Its specialty care products include Xeljanz, Enbrel (outside the United States and Canada), Inflectra, Abrilada, Cibinqo, Litfulo, Eucrisa, Velsipity, the Vyndaqel family, Genotropin, BeneFIX, Xyntha, Somavert, Ngenla, Hympavzi, Sulperazon, Zavicefta, Octagam and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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