Moderna Analyst Projects Transformation Into 'Five-Product Commercial Company' By 2026

Moderna Inc MRNA is back in focus as it is making advancements in cancer treatment.

Moderna is likely to become a “five-product commercial company” by 2026, according to Oppenheimer.

The Moderna Analyst: Hartaj Singh upgraded the rating for Moderna to Outperform, while raising the price target to $142.

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The Moderna Thesis: Although COVID-19 vaccine sales had declined over the past two years, there has been a “marked uptick” in coronavirus hospitalizations, Singh said in the upgrade note.

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“We expect OPEX to decrease significantly in 2024 and 2025, before picking up again, as sales pick up in 2025,” the analyst wrote.

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He added that the company’s pipeline could be boosted by a pick-up in Phase III and product approvals in 2024-25, including:

• RSV vaccine (mRNA-1345) – expected approval in 2024
• Influenza vaccine (mRNA-1010) – expected readout and approval in 2024/25
• INT (mRNA-4157) filing – “possibly utilizing the Accelerated Approval pathway - and approval in 2024/25”

MRNA Price Action: Shares of Moderna were up 13.5% to $112.88 at the time of publication Tuesday.

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