Goldman Sachs cuts Pfizer stock price target to $32 from $33

Published 05/02/2025, 12:04
© Reuters

The anticipation surrounding dose optimization data for Pfizer (NYSE:PFE)’s obesity treatment, danuglipron, was also mentioned as a point of interest for the first quarter. However, the analyst expressed skepticism about whether the upcoming data would fully satisfy investor curiosity regarding the drug’s competitive potential due to the study’s structure and disclosure plans. With a solid financial health score of "GOOD" from InvestingPro, Pfizer maintains strong fundamentals to support its research and development initiatives. Discover comprehensive analysis and Fair Value estimates for Pfizer and 1,400+ other stocks through InvestingPro’s detailed research reports. With a solid financial health score of "GOOD" from InvestingPro, Pfizer maintains strong fundamentals to support its research and development initiatives. Discover comprehensive analysis and Fair Value estimates for Pfizer and 1,400+ other stocks through InvestingPro’s detailed research reports.

The anticipation surrounding dose optimization data for Pfizer’s obesity treatment, danuglipron, was also mentioned as a point of interest for the first quarter. However, the analyst expressed skepticism about whether the upcoming data would fully satisfy investor curiosity regarding the drug’s competitive potential due to the study’s structure and disclosure plans. With a solid financial health score of "GOOD" from InvestingPro, Pfizer maintains strong fundamentals to support its research and development initiatives. Discover comprehensive analysis and Fair Value estimates for Pfizer and 1,400+ other stocks through InvestingPro’s detailed research reports. Among the areas of focus, Shibutani highlighted were oncology, with Phase 3 data for vepdegestrant expected as a first-quarter catalyst, and the company’s vaccines portfolio, where dynamics surrounding COVID-19, Abrysvo/RSV, and Prevnar/PCVs were discussed.

The anticipation surrounding dose optimization data for Pfizer’s obesity treatment, danuglipron, was also mentioned as a point of interest for the first quarter. However, the analyst expressed skepticism about whether the upcoming data would fully satisfy investor curiosity regarding the drug’s competitive potential due to the study’s structure and disclosure plans.

In addition to the product pipeline, Shibutani pointed out management’s commentary on capital allocation as an incremental insight. Pfizer’s leadership suggested that approximately $10-15 billion could be directed towards business development activities in 2025. This is particularly noteworthy given the loss of exclusivity (LOE) challenges the company is expected to face throughout the rest of the decade.

The updated model from Goldman Sachs, reflecting these considerations and the recent earnings report, prompted the reduced price target for Pfizer shares.

In other recent news, Pfizer’s Phase 3 BREAKWATER study of BRAFTOVI (encorafenib) has shown significant improvement in progression-free survival and overall survival for patients with metastatic colorectal cancer. The company plans to discuss these findings with the FDA in hopes of receiving full approval. Concurrently, Pfizer has avoided a potential board standoff with activist investor Starboard Value LP, which did not nominate any directors before the annual meeting deadline.

Pfizer is also planning to sell a 7.7% stake in Haleon Plc, which could potentially raise $3.1 billion. Meanwhile, Moderna (NASDAQ:MRNA) saw a rise in investor confidence following comments by RFK Jr, clarifying his stance as not being anti-vaccine or anti-industry. Lastly, Bernstein analysts have selected Eli Lilly and Company (NYSE:LLY) as their top pick in the U.S. biopharma sector for 2025, citing optimism around the potential of orforglipron and the company’s leadership status. These are among the recent developments in the biopharma sector.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.