Moderna (MRNA) Stock Forecast & Price Target

Q: What analysts cover Moderna?

Moderna has been rated by research analysts at Argus , Bank of America , Barclays , Bradesco Corretora , Brookline Capital Markets , Citigroup , CLSA , Deutsche Bank Aktiengesellschaft , Jefferies Financial Group , JPMorgan Chase & Co. , Loop Capital , Morgan Stanley , Piper Sandler , Rothschild & Co Redburn , Royal Bank Of Canada , The Goldman Sachs Group , UBS Group , Weiss Ratings , William Blair , and Wolfe Research in the past 90 days.

$145.55 -3.32 (-2.23%)

As of 04:00 PM Eastern

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Moderna - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Hold

Based on 24 Analyst Ratings

Sell
5

Hold
12

Buy
7

Based on 24 Wall Street analysts who have issued ratings for Moderna in the last 12 months, the stock has a consensus rating of "Hold." Out of the 24 analysts, 5 have given a sell rating, 12 have given a hold rating, and 7 have given a buy rating for MRNA.

Consensus Price Target

$76.72
-47.29% Downside

According to the 24 analysts' twelve-month price targets for Moderna, the average price target is $76.72. The highest price target for MRNA is $180.00, while the lowest price target for MRNA is $18.00. The average price target represents a forecasted downside of -47.29% from the current price of $145.55.

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

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MRNA Analyst Ratings Over Time

Type	Current Forecast 9/4/25 to 9/4/26	1 Month Ago 8/5/25 to 8/5/26	3 Months Ago 6/6/25 to 6/6/26	1 Year Ago 9/4/24 to 9/4/25
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	7 Buy rating(s)	3 Buy rating(s)	2 Buy rating(s)	3 Buy rating(s)
Hold	12 Hold rating(s)	9 Hold rating(s)	11 Hold rating(s)	15 Hold rating(s)
Sell	5 Sell rating(s)	5 Sell rating(s)	5 Sell rating(s)	4 Sell rating(s)
Consensus Price Target	$76.72	$42.13	$35.73	$42.88
Forecasted Upside	-47.29% Downside	-25.11% Downside	-24.68% Downside	76.62% Upside
Consensus Rating	Hold	Reduce	Reduce	Reduce

MRNA Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

MRNA Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Moderna Stock vs. The Competition

Type	Moderna	Healthcare Companies	Broader Market
Consensus Rating Score	2.08	2.30	2.53
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	-47.79% Downside	907.01% Upside	13.67% Upside
News Sentiment Rating	Positive News See Recent MRNA News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export

Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
9/3/2026	UBS Group 4 of 5 stars	Michael Yee Not Rated	Set Target		$81.00	-46.29%
9/3/2026	Rothschild & Co Redburn 4 of 5 stars	Simon Baker Not Rated	Downgrade	Neutral ➝ Sell	$40.00 ➝ $81.00	-46.29%
8/28/2026	CLSA 4 of 5 stars		Upgrade	Outperform
8/28/2026	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Initiated Coverage	Hold
8/28/2026	William Blair Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Myles Minter Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Initiated Coverage	Outperform
8/28/2026	Bradesco Corretora Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Outperform
8/28/2026	Argus Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	John Eade Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Hold ➝ Buy	$180.00	+26.08%
8/25/2026	Wolfe Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Alexandria Hammond Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Underperform ➝ Peer Perform
8/24/2026	Barclays Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Eliana Merle Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Equal Weight	$48.00 ➝ $125.00	-13.83%
8/21/2026	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Jessica Fye Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Underweight	$40.00 ➝ $77.00	-47.67%
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8/20/2026	Morgan Stanley Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Terence Flynn Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Equal Weight	$39.00 ➝ $89.00	-48.96%
8/19/2026	The Goldman Sachs Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Salveen Richter Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Neutral	$67.00 ➝ $120.00	-31.49%
8/19/2026	Royal Bank Of Canada Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Luca Issi Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Sector Perform	$130.00	-9.85%
8/19/2026	Loop Capital Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Leah Rush Cann Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Set Target		$135.00	-6.39%
8/19/2026	Brookline Capital Markets Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Buy
8/19/2026	Jefferies Financial Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Hold
8/19/2026	Bank of America Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Dimple Gosai Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Underperform ➝ Neutral
8/3/2026	Piper Sandler Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Edward Tenthoff Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Overweight
8/3/2026	Citigroup Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Geoff Meacham Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Neutral	$41.00 ➝ $60.00	+9.45%
6/12/2026	Weiss Ratings Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Sell (D-)
2/17/2026	Evercore Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Cory Kasimov Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Set Target		$35.00	-18.79%
2/17/2026	Sanford C. Bernstein Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Market Perform	$45.00	+6.56%
1/30/2026	Leerink Partners Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Mani Foroohar Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Underperform
1/29/2026	TD Cowen Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Hold
1/12/2026	BMO Capital Markets Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Market Perform ➝ Buy
11/17/2025	Berenberg Bank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Set Target		$28.00	+13.04%
10/20/2025	Needham & Company LLC Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Joseph Stringer Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Hold
7/13/2025	Wells Fargo & Company Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Equal Weight
11/18/2024	HSBC Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold ➝ Buy	$58.00	+57.39%
9/13/2024	Oppenheimer Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Outperform ➝ Market Perform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 09:45 PM ET.

Should I Buy Moderna Stock? MRNA Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, September 3, 2026. Please send any questions or comments about these Moderna pros and cons to contact@marketbeat.com.

Moderna
Bull Case

Here are some ways that investors could benefit from investing in Moderna, Inc.:

Moderna, Inc. shares are currently trading at $148.87, a significant increase from the 52-week low of $22.28, reflecting a strong market revaluation driven by recent positive catalysts in the company's pipeline.
The company reported that its Phase 3 INTerpath-001 trial for the melanoma cancer therapy met its primary recurrence-free-survival endpoint, marking the first positive Phase 3 trial for an mRNA-based cancer therapy and significantly strengthening its oncology strategy.
Moderna, Inc. received FDA approval for its mFlusiva mRNA flu vaccine for adults, adding a new commercial opportunity beyond its COVID-19 vaccine and cancer pipeline, which diversifies its revenue streams.
Short interest in the stock has decreased from 70,233,907 shares in late February 2026 to 52,809,184 shares in August 2026, indicating that a substantial number of short sellers are covering their positions, which can contribute to upward price pressure.
Brookline Capital Markets raised its 2026-2028 earnings per share forecasts and maintained a Buy rating, projecting that Moderna, Inc. could reach positive earnings in 2028, which suggests improving profitability expectations.

Moderna
Bear Case

Investors should be bearish about investing in Moderna, Inc. for these reasons:

Rothschild & Co Redburn downgraded Moderna, Inc. from Neutral to Sell, arguing that the stock is overvalued following the cancer-vaccine-led rally, with a price target of $81.00 implying substantial downside from the current price of $148.87.
The company reported a negative net margin of 141.43% and a negative return on equity of 28.30% in its most recent quarter, indicating that it is still operating at a loss and has not yet achieved profitability.
GSK advanced a competing mRNA flu vaccine into Phase 3 after reporting stronger immune responses in Phase 2, which raises future competitive risk for Moderna, Inc.'s newly approved mFlusiva vaccine.
Moderna, Inc. insiders have been selling shares, with Shannon Klinger selling 3,471 shares on September 1, 2026, and Stephen Hoge selling 53,336 shares on June 15, 2026, which may signal a lack of confidence from company leadership.
The consensus price target for Moderna, Inc. is $76.72, which is significantly lower than the current stock price of $148.87, suggesting that many analysts believe the stock is overpriced relative to its fundamental value.

MRNA Forecast - Frequently Asked Questions

According to the research reports of 24 Wall Street equities research analysts, the average twelve-month stock price forecast for Moderna is $76.72, with a high forecast of $180.00 and a low forecast of $18.00.

24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Moderna in the last year. There are currently 5 sell ratings, 12 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" MRNA shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MRNA, but not buy additional shares or sell existing shares.

According to analysts, Moderna's stock has a predicted downside of -47.29% based on their 12-month stock forecasts.

Over the previous 90 days, Moderna's stock had 6 upgrades and 2 downgrades by analysts.

Moderna has been rated by research analysts at Argus, Bank of America, Barclays, Bradesco Corretora, Brookline Capital Markets, Citigroup, CLSA, Deutsche Bank Aktiengesellschaft, Jefferies Financial Group, JPMorgan Chase & Co., Loop Capital, Morgan Stanley, Piper Sandler, Rothschild & Co Redburn, Royal Bank Of Canada, The Goldman Sachs Group, UBS Group, Weiss Ratings, William Blair, and Wolfe Research in the past 90 days.

Analysts like Moderna less than other "healthcare" companies. The consensus rating score for Moderna is 2.08 while the average consensus rating score for "healthcare" companies is 2.30. Learn more on how MRNA compares to other companies.

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Brokerages With Moderna Recommendations

MarketBeat monitors more than a dozen sources for Moderna analyst ratings, with the most recent rating issued on 9/3/2026.

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Moderna (MRNA) Stock Forecast & Price Target