Moderna share forecast
Watch These Moderna Price Levels as Stock Plummets After Slashing Revenue Outlook
Key Takeaways
- Moderna shares will likely remain under scrutiny after plunging nearly 17% Monday as the embattled drug maker slashed its revenue forecast by $1 billion.
- The stock broke down from a two-month pennant pattern, setting the stage for a potential continuation move lower.
- Investors should watch crucial support levels on Moderna's chart around $30 and $13, while also monitoring key resistance levels near $57 and $
Moderna (MRNA) shares will likely remain under scrutiny on Tuesday after plunging nearly 17% Monday as the embattled drug maker slashed its revenue forecast by $1 billion.
The company, which also said it expects to cut $ billion worth of expenses over this year and the next, continues to face challenges as it manages increasing drug development costs against a backdrop of declining demand for Covid treatments and the slow adoption of its respiratory syncytial virus medication.
Moderna shares have lost around two thirds of their value over the past year as of Monday’s close and have fallen by more than 90% from their August Covid-era record high.
Below, we
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Find the latest Moderna, Inc. MRNA analyst lager forecast, price target, and recommendation trends with in-depth analysis from research reports.
Recommendation Rating
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SellAnalyst Price Targets
Analyst Recommendations
Report Name | Symbols | Sector | Provider | Date | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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MRNA | Healthcare | Morningstar | Feb 14, | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
TROW, AMCR, F, KHC, LVS, O, TRU, CTSH, LHX, ON, CE, GM, EL, CCI, OTIS, DOW, ES, HAL, SSNC, LEN, EIX, NDSN, BAX, ALLE, MCHP, GPC, HPE, MRNA, DVN, BIIB | Utilities,Financial Services,Basic Materials,Energy,Technology,Real Estate,Healthcare,Industrials,Consumer Defensive,Consumer Cyclical | Morningstar | Feb 07, | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
MRNA | Healthcare | Morningstar | Jan 14, | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
AMCR, F, KHC, SLB, FTV, O, TRU, CTSH, DOC, LHX, ON, DKNG, RPRX, CE, GM, EL, OTIS, DOW, CCL, ES, SSNC, LEN, NDSN, BAX, MCHP, CNH, MRNA, DVN, KEY, FE | Utilities,Financial Services,Basic Materials,Energy,Technology,Real Estate,Healthcare,Industrials,Consumer Defensive,Consumer Cyclical | Morningstar | Jan 08, | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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