Guggenheim Lifts PT on Pfizer Inc. (PFE) to $35 From $33, Keeps a Buy Rating

Pfizer Inc. (NYSE:PFE) is one of the best low volatility large cap stocks to invest in. On November 24, Guggenheim lifted the price target on Pfizer Inc. (NYSE:PFE) to $35 from $33 while keeping a Buy rating on the stock.

Pfizer’s (PFE) Pipeline and Dividend Yield Make it a Compelling Income Stock

The firm told investors that Pfizer Inc.’s (NYSE:PFE) acquisition of Metsera, Inc. marks a “a wise strategic move” in order to gain traction amid the rapid growth dynamics of the obesity market, especially after the recent setbacks experienced by the company’s oral GLP-1 programs.

Pfizer Inc. (NYSE:PFE) announced the successful acquisition of Metsera, Inc. on November 13, stating that the acquisition brings “highly differentiated clinical-stage obesity candidates with potential to reshape the treatment landscape”.

Management added that the acquisition positions Pfizer Inc. (NYSE:PFE) to lead in one of the most high-growth and dynamic therapeutic areas, complementing and transforming its Internal Medicine portfolio by adding a number of promising therapeutic candidates.

These include “MET-097i, a weekly and monthly injectable GLP-1 receptor agonist (RA) about to begin Phase 3 development; MET-233i, a monthly amylin analog candidate being evaluated as monotherapy and in combination with MET-097i in Phase 1 development; an oral GLP-1 RA candidate in Phase 1 development; and additional preclinical nutrient-stimulated hormone therapeutics”.

Pfizer Inc. (NYSE:PFE) is a global biopharmaceutical company that manufactures, develops, markets, and sells biopharmaceutical products worldwide. It advances wellness, prevention, treatment, and cures in developing and emerging markets.

While we acknowledge the potential of PFE to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than PFE and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.