Pfizer (PFE) stock forecast for 2023 and beyond
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This page explores the latest Pfizer stock price forecasts from leading investment analysts. We have compiled a selection of PFE price predictions for both the long and short term to help you time your investment into it.
PFE stock forecast & price target
Copy link to sectionThe majority of analysts are of the opinion that holding Pfizer shares is the best option. Most expect its price to rise, although how much upside potential it has is up for debate. The highest PFE stock price forecast comes in at $76, while the lowest is $49. Below we’ve summarised the latest Pfizer stock price predictions and provided an average.
| Stock | Average price target | Highest target | Lowest target | Majority guidance |
|---|---|---|---|---|
| Pfizer (PFE) | $55 | $76 | $49 | HOLD |
Expert forecasts on the future of Pfizer (PFE)
Copy link to sectionBelow you will find a selection of quotes from the most prominent expert opinions on the future of the stock, helping you gain an insight into what the analysts think.
Our views on Pfizer come down to that we estimate around one-third of its current valuation is attributed to the COVID-19 vaccine and therapeutic and we feel the trajectory for both remains highly uncertain.
Chris Shibutani, Goldman Sachs, $51 price target
With an implied core multiple already well above peers facing mid- to late-decade patent expirations , we see PFE shares as fully valued at current levels and believe it is unlikely vaccine upside alone can drive shares meaningfully above current levels”
Chris Schott. JP Morgan, $57 price target
Short term PFE forecast
Copy link to sectionIn the short term the general consensus is that Pfizer’s stock price may see little movement. The pandemic and subsequent vaccine helped push the company’s share price much higher and analysts believe it will likely stay flat. Below are expert PFE stock price forecasts for the next two years.
Pfizer stock price prediction 2023
Copy link to sectionIn 2023 Pfizer’s stock price could reach $60.65. That target has been reached using the same average growth forecast from the previous year. If it does get there, it will be just shy of its all-time high set in late 2021 at $61.71.
Pfizer price prediction 2024
Copy link to sectionPFE’s stock price could be trading at $70 in 2024. That price is inline with analysts at Bank of America who have a buy rating for the company.
Long term PFE forecast
Copy link to sectionMost experts tend not to provide long term forecasts, however for large companies like Pfizer, some have. Below is a summary of Pfizer stock price forecasts for the remainder of the decade. It’s important to note that longer term predictions are more speculative in nature.
Pfizer price prediction 2025
Copy link to sectionIn 2025 Pfizer’s stock price is forecast to be between $70 – $90. The most bullish price forecast is $76 from BMO Capital Markets, although other analysts expect strong momentum from the company within the next several years.
Pfizer price prediction 2030
Copy link to sectionSome experts have suggested that Pfizer’s stock could break above $100 by the end of the decade. However, a lot needs to fall into place between now and then for its stock price to hit triple digits.
Compare the best places to buy Pfizer stock
Copy link to sectionIf you agree with the experts and want to buy some Pfizer stock you’ll need to use an online broker to do so. Check out the table below which includes a list of the best brokers around for buying PFE stock. Click on any of the links to get started in just a few minutes.
77% of retail CFD accounts lose money.
What affects the price of PFE?
Copy link to sectionPfizer is one of the largest pharmaceutical companies in the world so it’s little surprise that medicines and vaccines are key drivers in its performance. There are a range of different factors that impact its stock price and below we’ve briefly explained a few of the top ones.
- Medicines and vaccines. During the pandemic Pfizer became somewhat of a household name when it delivered a covid19 vaccine. However, it’s not just vaccines it develops and medicines are a large part of its revenue. Its ability to create new medicines will be reflected in its share price.
- Covid. In 2021 Pfizer made $37 billion from its Covid vaccine. Thanks to the jab, its revenue doubled to over $80 billion from 2020. It’s in the process of developing a Covid pill which it expects will add to sales. Any new Covid variants will likely be positive for the company, who are one of the world’s few covid19 vaccine suppliers.
- Competition. The pharmaceutical industry is massive and has lots of key players operating within it. Pfizer has stiff competition from the likes of Roche, Eli Lilly, Abbvie, and Novartis. These companies develop similar drugs to that of Pfizer and the race to cure illnesses like cancer between the businesses is ongoing.
How has the Pfizer price changed over time?
Copy link to sectionIt’s been a strong performer for the past decade or so. Since 2009 its stock price has been on a steady incline and has increased by over 400%. Unsurprisingly, the past couple of years have been extremely good for the company. Following its development and release of its Covid19 vaccine, shares in the company have more than doubled.
What should I do now?
Copy link to sectionNow that you have some expert opinions and forecasts on Pfizer stock you may want to consider buying shares in the company. To do so you’ll need to register with an online brokerage firm. Alternatively to learn more about the stock market you can check out our hub page with free courses. Whatever you decide, it’s a good idea to keep up to date with the latest news and market analysis, which you can do so by the links below.
Latest Pfizer news
Copy link to sectionAstraZeneca reveals a $1.0 billion deal with Pfizer
Seagen stock opened 13% up on Monday: find out why
Pfizer is acquiring Global Blood Therapeutics
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