Moderna Inc (MRNA) Projects $1.9 Billion Revenue for 2025, Shares Surge 12.8%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 13 2026
0mins
Source: Benzinga
- Revenue Forecast Increase: At the 44th Annual J.P. Morgan Healthcare Conference, Moderna announced an expected revenue of approximately $1.9 billion for 2025, which is $100 million above the previously communicated midpoint, enhancing investor confidence and driving stock price up.
- Operating Expense Improvement: The company also lowered its projected GAAP operating expenses for 2025 by $200 million, demonstrating improved cost control capabilities that lay a solid foundation for future profitability.
- Increased Cash Balance: Moderna anticipates an end-of-year cash balance of approximately $8.1 billion, providing strong support for the company's R&D and market expansion efforts, further solidifying its market position.
- Strong Stock Performance: Following the positive news, Moderna's stock surged 12.8% to $38.20 on Tuesday, reflecting market optimism regarding its future growth potential.
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Analyst Views on MRNA
Wall Street analysts forecast MRNA stock price to fall
20 Analyst Rating
1 Buy
16 Hold
3 Sell
Hold
Current: 49.640
Low
17.00
Averages
32.47
High
63.00
Current: 49.640
Low
17.00
Averages
32.47
High
63.00
About MRNA
Moderna, Inc. is a biotechnology company advancing a new class of medicines made of messenger ribonucleic acid (mRNA). It is engaged in developing medicines across infectious disease vaccines, oncology therapeutics and rare disease therapeutics. Its platform incorporates advances across three components, mRNA, delivery, and the manufacturing process, to advance its medicines. Its products are Spikevax and mNEXSPIKE (its COVID vaccines), and mRESVIA (its vaccine against respiratory syncytial virus (RSV)). It also has a diverse development pipeline that consists of 35 therapeutic and vaccine programs, six of which are in late-stage development. It has regulatory filings under review for its seasonal flu+COVID vaccine (mRNA-1083) in Europe and Canada and for its seasonal flu vaccine (mRNA-1010) in the United States, Europe, Canada and Australia. Its rare disease programs are Propionic acidemia (mRNA-3927); Methylmalonic acidemia (mRNA-3705), and Cystic Fibrosis (mRNA-3692/VX-522).
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.
- Stock Performance: Moderna Inc (Ticker: MRNA) recently traded at $49.70, surpassing the average analyst 12-month target price of $46.62, indicating strong market confidence in the company's future, potentially attracting more investor interest.
- Analyst Reactions: When a stock reaches its target price, analysts typically either downgrade their valuation or raise their target price; the current market response to Moderna may prompt analysts to reassess their targets to reflect improvements in the company's fundamentals.
- Target Price Distribution: Among the 21 analysts covered by Zacks, target prices range from $21.00 to $135.00, with a standard deviation of $22.579, highlighting varying market perspectives on Moderna's future performance, necessitating careful risk and opportunity assessment by investors.
- Investor Decision-Making: With MRNA's stock price exceeding the target price, investors are presented with a timely opportunity to reassess whether the current price is merely a short-term fluctuation or a precursor to even higher target prices, thus deciding whether to hold or reduce their positions.
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- Biotech Boom: In 2023, the biotech sector is thriving, with Parabilis Pharmaceuticals raising $670 million in its IPO, surpassing Moderna's previous record of $604 million, indicating strong investor interest in innovative cancer treatments.
- Stock Performance: Parabilis's stock surged 58% on its first trading day, closing above $31, reflecting positive market sentiment towards its unique drug development platform, potentially laying the groundwork for future commercialization.
- Rapid R&D Progress: The company's lead candidate, zolucatetide, is set to enter a phase 3 clinical trial for non-cancerous tumors in the first half of next year, with over 150 patients studied so far, showing promising initial data that could transform existing treatment options.
- Financial Challenges: Despite the successful IPO, Parabilis reported a loss of $145 million last year, with R&D expenses reaching $125 million, highlighting ongoing financial pressures that increase investment risks, particularly against the backdrop of high R&D costs in the biotech sector.
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- Record Fundraising: Parabilis raised $670 million in its IPO, surpassing Moderna's previous record of $604 million, indicating strong market interest and heightened investor confidence in biotech companies.
- Strong Stock Performance: The stock surged 58% on its first trading day, closing above $31, reflecting investor enthusiasm for its innovative treatment technologies and potentially setting a solid foundation for future capital market performance.
- Significant R&D Progress: Parabilis's lead candidate, zolucatetide, is set to begin a phase 3 study for non-cancerous tumors in the first half of next year, having shown promising data in over 150 patients, suggesting potential breakthroughs in tumor treatment.
- Huge Market Potential: The Helicon platform allows for the targeting of previously
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- Record Financing: Parabilis Medicines raised $670 million in its IPO, surpassing Moderna's previous record of $604 million set in 2018, indicating strong investor interest and confidence in the biotech sector.
- Stock Surge: The company's stock soared 58% on its first trading day, closing at over $31, reflecting the market's enthusiastic response to its innovative cancer-fighting technology, potentially setting a solid foundation for future capital market performance.
- R&D Prospects: Parabilis's lead candidate, zolucatetide, is set to begin a phase 3 trial for non-cancerous tumors in the first half of next year, with over 150 patients studied so far showing
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- Product Line Expansion: Moderna currently has four commercial products, including two COVID-19 vaccines and an RSV vaccine, while developing over 30 vaccines and therapeutics; successful launches could significantly boost revenue.
- Cost Management Priority: The company has already trimmed hundreds of millions in expenses and anticipates an additional $500 million reduction next year by streamlining manufacturing and focusing on high-potential R&D projects, which could substantially lower losses.
- Strong Cash Position: Moderna holds $7.5 billion in cash, expecting a $2 billion loss this year, but with cost cuts and revenue from new products, future losses are projected to decrease significantly.
- Long-Term Financial Goals: Management has stated that Moderna aims to be cash flow positive by 2028, and if it can launch 10 commercial products while maintaining financial discipline, the future looks very promising.
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- Severe Financial Situation: Moderna reported a net loss of $2.8 billion in 2025 and expects to face billions in losses in 2026, as its COVID-19 vaccine sales have significantly declined, indicating substantial financial pressure on the company.
- Pipeline Potential: Currently, Moderna has four commercial products, including two COVID-19 vaccines and an RSV vaccine, along with over 30 vaccines and therapeutics in development; successfully launching more products could lead to a significant revenue increase.
- Cost Control Measures: The company has already trimmed several hundred million dollars in ongoing expenses and anticipates an additional $500 million reduction in 2027, aiming to significantly lower losses by streamlining manufacturing processes and focusing on high-potential R&D projects.
- Strong Cash Reserves: Moderna holds $7.5 billion in cash, allowing it to withstand current losses, with management projecting cash flow positivity by 2028; if it can launch new products and continue cost reductions, the future outlook could be much brighter.
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