#5 - AstraZeneca (NASDAQ:AZN)
AstraZeneca (NASDAQ:AZN) is another stock that is benefiting from its Covid-19 vaccine. It’s also been a beneficiary of the shift towards international stocks. However, AstraZeneca is much more than a Covid-19 play. In fact, a key catalyst for AZN stock in 2021 was Lynparza (Olaparib), the company’s breast cancer drug that it is developing in tandem with Merck (NYSE:MRK).
Specifically, this drug is used to treat people with a genetic form of early breast cancer. The hope is that the drug will focus attention on the need for DNA testing to diagnose breast cancer. In a phase 3 trial, the drug showed that it “reduced risk of death by 32% in the adjuvant treatment of patients with germline BRCA-mutated high-risk early breast cancer”
AZN stock is up 24% in the last 12 months, but is trading near the top end of its 52-week high. And currently the stock looks a bit overvalued. However, the company has strong future growth prospects and does pay a dividend.
About AstraZeneca
AstraZeneca PLC, a biopharmaceutical company, focuses on the discovery, development, manufacture, and commercialization of prescription medicines. The company's marketed products include Tagrisso, Imfinzi, Lynparza, Calquence, Enhertu, Orpathys, Truqap, Zoladex, Faslodex, Farxiga, Brilinta, Lokelma, Roxadustat, Andexxa, Crestor, Seloken, Onglyza, Bydureon, Fasenra, Breztri, Symbicort, Saphnelo, Tezspire, Pulmicort, Bevespi, and Daliresp for cardiovascular, renal, metabolism, and oncology.
Read More - Current Price
- $66.58
- Consensus Rating
- Buy
- Ratings Breakdown
- 8 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $89.75 (34.8% Upside)
