Analyst Yaron Werber of TD Cowen maintained a Hold rating on BioNTech SE, boosting the price target to $120.00.
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Yaron Werber has given his Hold rating due to a combination of factors influencing BioNTech SE’s current and future performance. The company reported higher-than-expected revenues in the second quarter, largely driven by COVID-19 vaccine sales and a one-time effect from Pfizer’s decision regarding the shingles program. However, the uncertain landscape of the COVID-19 vaccine market and shifting policies remain significant challenges that could impact future revenue streams.
While there is optimism surrounding BioNTech’s BNT327 program in various cancer treatments, the competitive nature of the PD(L)1xVEGF space and concerns about the applicability of data across different populations present potential hurdles. Additionally, the anticipated impact of upcoming clinical data on the stock price is not expected until fiscal year 2026. As a result, Werber remains cautious and prefers to wait for more clarity on the company’s key programs and market conditions before adjusting his rating.
According to TipRanks, Werber is a 5-star analyst with an average return of 10.1% and a 55.13% success rate. Werber covers the Healthcare sector, focusing on stocks such as Argenx Se, Ultragenyx Pharmaceutical, and Ionis Pharmaceuticals.
In another report released on August 1, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $110.00 price target.