-The reason why PFE is dropping is not the economical situation but rather the COVID situation which is getting lighter (at least in folk's mind) every day.
-We got omicron but it being a light virus almost like a flu also didn't catch much attention lately.
-This stock throughout the pandemic depended on negative news, whoever is chaos oriented invested in this company, but lets all agree that the better the health situation gets and less of a tragedy COVID becomes, the less attention will be on this stock.
-Not to say that the company is worthless now but it wont have the hype it had for sure!
-Earnings are forecasted to decline on average of 6.2% per year.
OUR TARGET PRICE:
$45-$50
-We got omicron but it being a light virus almost like a flu also didn't catch much attention lately.
-This stock throughout the pandemic depended on negative news, whoever is chaos oriented invested in this company, but lets all agree that the better the health situation gets and less of a tragedy COVID becomes, the less attention will be on this stock.
-Not to say that the company is worthless now but it wont have the hype it had for sure!
-Earnings are forecasted to decline on average of 6.2% per year.
OUR TARGET PRICE:
$45-$50