Moderna shares rise as investors revisit Q1 results, pipeline milestones, and fresh price-target bumps

Moderna, Inc. (MRNA) is up 4.6% today. Here is some analysis on what might have caused this price movement.

Analysis: The move higher appears tied to a continued post-earnings repricing after Moderna’s first-quarter update, which emphasized stronger international vaccine deliveries, reiterated its 2026 growth framework (excluding a one-time legal charge), and highlighted multiple late-stage pipeline and regulatory milestones. The stock may also be benefiting from incremental positive sentiment after several analysts lifted price targets following the quarterly release.

Details:

Moderna reported first-quarter 2026 revenue of $389 million, with roughly 80% coming from international markets, driven largely by deliveries under long-term partnership agreements.

The company posted a first-quarter GAAP net loss of about $1.3 billion (GAAP EPS of $(3.40)), which included a non-recurring litigation settlement charge of $0.9 billion recorded in cost of sales/royalties.

Management reiterated its 2026 plan to return to sales growth (up to 10% revenue growth) and to reduce GAAP operating expenses in 2026, excluding the non-recurring litigation settlement charge.

Moderna highlighted pipeline and regulatory progress, including EU approvals (mNEXSPIKE and the flu+COVID combo vaccine mCOMBRIAX), initiation of a Phase 3 intismeran autogene trial in high-risk stage 1 NSCLC, and a U.S. PDUFA date of August 5, 2026 for its seasonal flu vaccine candidate.

Sources:

U.S. Securities and Exchange Commission, MarketScreener, TipRanks

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$MRNA Insider Trading Activity

$MRNA insiders have traded $MRNA stock on the open market 4 times in the past 6 months. Of those trades, 0 have been purchases and 4 have been sales.

Here’s a breakdown of recent trading of $MRNA stock by insiders over the last 6 months:

STEPHEN HOGE (President) sold 160,009 shares for an estimated $7,814,839
SHANNON THYME KLINGER (Chief Legal Officer) sold 13,885 shares for an estimated $726,046
NOUBAR AFEYAN sold 23,853 shares for an estimated $703,305
ABBAS HUSSAIN sold 504 shares for an estimated $13,910

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API.

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$MRNA Hedge Fund Activity

We have seen 301 institutional investors add shares of $MRNA stock to their portfolio, and 319 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

FMR LLC added 15,741,014 shares (+127.9%) to their portfolio in Q4 2025, for an estimated $464,202,502
CAPITAL WORLD INVESTORS added 12,828,040 shares (+inf%) to their portfolio in Q4 2025, for an estimated $378,298,899
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 6,254,709 shares (-79.7%) from their portfolio in Q4 2025, for an estimated $184,451,368
ALYESKA INVESTMENT GROUP, L.P. added 3,228,531 shares (+inf%) to their portfolio in Q4 2025, for an estimated $95,209,379
BNP PARIBAS FINANCIAL MARKETS added 3,058,933 shares (+279.7%) to their portfolio in Q4 2025, for an estimated $90,207,934
BLACKROCK, INC. added 2,977,816 shares (+10.1%) to their portfolio in Q4 2025, for an estimated $87,815,793
CITADEL ADVISORS LLC removed 1,408,601 shares (-70.9%) from their portfolio in Q4 2025, for an estimated $41,539,643

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API.

$MRNA Analyst Ratings

Wall Street analysts have issued reports on $MRNA in the last several months. We have seen 1 firms issue buy ratings on the stock, and 2 firms issue sell ratings.

Here are some recent analyst ratings:

Piper Sandler issued a "Overweight" rating on 02/23/2026
Leerink Partners issued a "Underperform" rating on 11/21/2025
B of A Securities issued a "Underperform" rating on 11/10/2025

To track analyst ratings and price targets for $MRNA, check out Quiver Quantitative's $MRNA forecast page.

$MRNA Price Targets

Multiple analysts have issued price targets for $MRNA recently. We have seen 11 analysts offer price targets for $MRNA in the last 6 months, with a median target of $34.0.

Here are some recent targets:

Luca Issi from RBC Capital set a target price of $38.0 on 05/04/2026
Eliana Merle from Barclays set a target price of $48.0 on 04/02/2026
Edward Tenthoff from Piper Sandler set a target price of $69.0 on 02/23/2026
Cory Kasimov from Evercore ISI Group set a target price of $35.0 on 02/17/2026
Salveen Richter from Goldman Sachs set a target price of $41.0 on 02/17/2026
Eliana Merle from UBS set a target price of $34.0 on 01/07/2026
Andrew Tsai from Jefferies set a target price of $30.0 on 12/12/2025

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.