Analyzing PFE Stock Valuation

Yesterday, Pfizer’s stock price increased by over 2.2%, outperforming the relatively stable S&P 500 index. This is significant as PFE had underperformed the market for several months, with a decline of approximately 43% in 2023 compared to the S&P 500’s 23% growth.


While the past decline was disappointing, current indicators suggest a potential shift in PFE’s valuation. Investors may be overlooking key factors that could drive optimism for the stock.

Fundamentally, PFE is considered undervalued by Investors Place for reasons including a surge in FDA approvals in 2023, the strategic acquisition of Seagen to strengthen cancer research capabilities, and plans to launch 8 potentially lucrative drugs by 2030.

FXOpen graph 04.06

Technically, the daily chart analysis of PFE reveals:

– Unusually high trading volumes on specific days in December 2023, indicating significant investor interest.

– Price resilience in 2024 despite attempts to break below a critical zone.

– A potential Final Shakeout pattern on April 25, signaling the end of the stock accumulation phase.

In May 2024, positive signs emerge for PFE:

– The stock is outperforming the market.

– The RSI indicator remains above 50.

– The downtrend has been reversed, suggesting a bullish outlook for PFE.

As per TipRanks, Wall Street analysts have an average forecasted price of $33.15 for PFE stock, representing a 13.10% increase from its current levels.

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