Why Pfizer Shares Keep Moving Higher?

Why Pfizer Shares Keep Moving Higher?

Oops!Something went wrong.Please try again later.Vladimir ZernovApril 16, 2021, 8:42 AM·2 min readOops!Something went wrong.Please try again later.Pfizer Video 16.04.21.Pfizer Shares Gain Ground After CEO Says People May Need Booster COVID-19 ShotsShares of Pfizer gained additional upside momentum after the company's CEO Alfred Bourla stated that a third shot of the vaccine may be needed within 12 months. He also stated that annual vaccination against coronavirus may be required in the future.If coronavirus vaccination becomes a source of recurring revenue for Pfizer and other vaccine producers, analysts will have to adjust their earnings estimates to the upside. At this point, it is not clear whether people will need regular vaccination after they receive two shots of COVID-19 vaccine, and analysts are rather conservative in their estimates.In Pfizer's case, analysts expect that the company will report earnings of $3.32 per share in 2021 and $3.04 per share in 2022. If analysts come to the conclusion that the world will have to order more doses of the vaccine from Prizer in 2022 and beyond, earnings estimates may be changed materially.What's Next For Pfizer?The recent trading sessions were very successful for producers of messenger RNA – based vaccines – Pfizer/BioNTech and Moderna. The recent