Analyst Evan Seigerman from BMO Capital maintained a Buy rating on BioNTech SE and keeping the price target at $143.00.
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Evan Seigerman has given his Buy rating due to a combination of factors that highlight BioNTech SE’s potential for growth. One of the primary reasons is the expectation of a stable COVID-19 vaccine business in the near and medium term, which provides a solid revenue base for the company. Additionally, BioNTech SE has an emerging pipeline with several catalysts that could drive share price appreciation, indicating potential for future growth.
Moreover, the company has the capability to deploy significant capital for business development, which could further enhance its market position and financial performance. These factors combined suggest a positive outlook for BioNTech SE, justifying the Buy rating as the company is well-positioned to capitalize on its strengths and opportunities in the market.