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Cathie Wood's Ark Invest Dumps Over $9M In Moderna Stock -- Even With Post-COVID Plans On The Table


Cathie Wood's Ark Invest Dumps Over $9M In Moderna Stock  --  Even With Post-COVID Plans On The Table

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Moderna's stock has been under scrutiny following its recent announcement of a revised financial plan and updates to its mRNA-based pipeline. CEO Stéphane Bancel highlighted the company's success in respiratory vaccines and outlined a focus on five non-respiratory products aiming for approvals by 2027.

However, the biotech company's future prospects have elicited mixed reactions from analysts. Over the past three months, 16 analysts have shared their evaluations, with the average 12-month price target standing at $111.50, a decrease of 18.06% from the previous average.

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