15 Best Stocks to Invest in for an 18 Year Old

5. Pfizer Inc. (NYSE:PFE)

Number of Hedge Fund Holder: 99

Pfizer Inc. (NYSE:PFE) is one of the 15 best stocks to invest in for an 18 year old. On June 10, Cantor Fitzgerald reaffirmed its $24 price target on Pfizer Inc. (NYSE:PFE), maintaining its Neutral outlook. The CDC recently revoked its recommendations for healthy pregnant women and children to get the COVID-19 vaccination, among other changes to the regulatory environment that the company must contend with.

According to analyst Carter Gould, the use of Pfizer’s Comirnaty vaccine may be impacted by any extra restrictive language that the Advisory Committee on Immunization Practices (ACIP) decides to include. Gould’s comments draw attention to how vaccine recommendations are changing as the pandemic response changes.

Furthermore, it appears that government regulations surrounding vaccines are at a crossroads. Last month, President Trump issued an executive order ordering pharmaceutical companies to reduce the cost of their products to match what other nations pay. Albert Bourla, the CEO of Pfizer, stated on June 9 that the talks with the current administration regarding this were centered on vague ideas rather than “digging into the substance.”

Notably, since it was approved, the Comirnaty vaccine has significantly boosted the company’s financial performance. Pfizer Inc. (NYSE:PFE)’s future vaccination revenue streams may be impacted by any modifications to recommendations or usage guidelines.

Pfizer Inc. (NYSE:PFE) is a leading global pharmaceutical company that develops, produces, and sells biopharmaceutical medicines worldwide.