Bernstein Begins Coverage of Moderna with Positive Outlook
On October 17, 2024, Bernstein initiated its coverage of Moderna (XTRA:0QF), recommending a Market Perform rating.
Analysts Anticipate Significant Price Increase
As of September 25, 2024, analysts project an average one-year price target for Moderna at 94.99 €/share. These forecasts range from a low of 42.44 € to a high of 228.28 €. This average price target indicates an estimated increase of 80.55% from its latest reported closing price of 52.61 € per share.
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Revenue Projections Show Growth
Moderna’s anticipated annual revenue has been projected at 6,692MM EUR, marking an increase of 32.51%. Meanwhile, the expected annual non-GAAP earnings per share (EPS) stands at -3.39.
Fund Sentiment Shows Growing Interest
A total of 1,638 funds and institutions have reported their positions in Moderna, reflecting an increase of 33 owners or 2.06% in the previous quarter. The average portfolio weight of these funds dedicated to 0QF has risen to 0.28%, up 2.30%. Over the last three months, total shares held by institutions increased by 2.74%, reaching 276,199K shares.
Baillie Gifford holds 43,449K shares, accounting for 11.30% of the company. This represents a decrease of 2.78% from its previous filing of 44,656K shares, although the firm increased its investment in 0QF by 8.60% over the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 10,907K shares, or 2.84% of the company, showing a 0.98% increase from its earlier holding of 10,801K shares, with a portfolio allocation rise of 9.44% in the last quarter.
VWIGX – Vanguard International Growth Fund Investor Shares owns 9,029K shares, representing 2.35% ownership, reflecting a 1.35% decrease from the prior 9,151K shares. Notably, the firm increased its allocation in 0QF by 49.46% recently.
VFINX – Vanguard 500 Index Fund Investor Shares holds 8,558K shares, representing 2.23% ownership, with a 2.31% increase from its previous holding of 8,359K shares and an allocation rise of 7.99% last quarter.
VIMSX – Vanguard Mid-Cap Index Fund Investor Shares holds 7,388K shares, representing 1.92% ownership. This marks a 0.91% decrease from its earlier total of 7,456K shares, despite an overall portfolio allocation bump of 14.00% in 0QF over the last three months.
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This report initially appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
