HSBC Boosts Outlook for Moderna, Signaling Strong Growth Potential
HSBC has changed its rating for Moderna (XTRA:0QF) from Hold to Buy as of November 18, 2024.
Analysts Forecast Significant Price Increase
The average one-year price target for Moderna is currently set at 91.02 €/share, as of October 21, 2024. These projections range from a low of 42.76 € to a high of 230.01 €. Notably, the average price target indicates a potential increase of 158.13% from the latest closing price of 35.26 € per share.
Moderna’s Projected Revenue and Earnings
Moderna is expected to generate annual revenue of 6,692 million Euros, reflecting a robust increase of 31.71%. However, the projected annual non-GAAP EPS stands at -3.39.
Trends in Fund Ownership
There are currently 1,503 funds or institutions holding positions in Moderna, which marks a decline of 146 owners, or 8.85%, from the previous quarter. Funds dedicated to 0QF have seen an increase in average portfolio weight of 28.12%, now at 0.21%. Institutional ownership dropped slightly over the last three months, with total shares owned decreasing by 1.63% to 280,798K shares.
Baillie Gifford holds 42,458K shares, accounting for 11.03% of the company. This reflects a reduction from 43,449K shares previously, marking a drop of 2.33%. The firm’s portfolio allocation in 0QF has decreased by 47.17% over the last quarter.
BlackRock has 25,032K shares, representing 6.50% ownership, down from 25,562K shares with a decrease of 2.12%. Their portfolio allocation in 0QF was cut by 48.89% this past quarter.
Vanguard Total Stock Market Index Fund Investor Shares (VTSMX) increased its holdings to 10,907K shares, now representing 2.83% ownership, up from 10,801K shares, which is a 0.98% increase. Their portfolio allocation for 0QF rose by 9.44% over the last quarter.
Vanguard 500 Index Fund Investor Shares (VFINX) holds 8,558K shares, equating to 2.22% ownership, an increase from 8,359K shares, which is a 2.31% rise. Their portfolio allocation in 0QF also increased by 7.99% this last quarter.
Conversely, Vanguard International Growth Fund Investor Shares (VWIGX) holds 8,556K shares, maintaining 2.22% ownership, but this is down from 9,029K shares, representing a decline of 5.53%. Their allocation in 0QF decreased by 48.72% quarter-over-quarter.
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This story originally appeared on Fintel.
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