My Moderna Stock Forecast: It Could Double — or Triple — This Year

Everyone was asking for my Moderna stock forecast a few months ago. Should I buy it? How high will it go? 

My answer now is the same as it was then about Moderna Inc. (Nasdaq: MRNA): I own shares of it. 

And now there’s an added twist for my Moderna stock forecast…

Thanks to end-of-year portfolio sell-offs by Wall Street, many people took profits on their short-term winners… including Moderna. Regardless of prospects and fundamentals, Moderna’s stock is down around 40% from its December highs. 

We should make the most of this temporary weakness.

My Moderna Stock Forecast for 2021

WealthPress’ Jeff Yastine

If you didn’t get the holiday gift you wanted, Wall Street is offering up a great one right now. Moderna, here around $110 a share, is one of the best value plays of the year at current levels. It’s off about 40% from its December highs and I expect it to at least double… and it has a good shot at tripling by the end of 2021.

I know what you’re saying… “Jeff, look at the chart. Moderna is down 40%. Maybe there’s something wrong with the stock? Maybe it’s trying to tell us something?”
But that’s not the case here, in my estimation. 

This goes to a point I make to new investors a lot: We need to train ourselves to buy stocks when they’ve suddenly cooled off, as Moderna has. Buying when everyone is shouting the same company’s name on CNBC and Twitter is not ideal when it comes to profiting off big moves upward. 

Every stock comes with potential risk. They also come with potential rewards. And our job as investors is to use the tools available to assess and figure out whether we then want to own the stock. 

I myself have owned Moderna since the $60 to $70 range and I haven’t sold any, even after doubling my money before the recent sell-off. Now my Moderna stock forecast is looking up again and I want to own more now that Wall Street has knocked its price back to bargain levels. 

Check out my short video below and I’ll go into more detail on what I mean when I say “bargain levels,” and my Moderna stock forecast for 2021. Then share your thoughts in the comments below. 

And as always, send your investing questions to jeff@yastine.com. You can also follow me on Twitter and Facebook.

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