PFE PFIZER INC

NEUTRAL Impact: 1/10 ANALYST-UPGRADE
Processed 24d 11h ago SEC analyst-PFE-argusres-20260302
8 firms acted on PFE: Argus Research, RBC Capital, Barclays, Cantor Fitzgerald, Goldman Sachs, Wolfe Research, Bernstein, Daiwa Capital
Final — all horizons settled through T+60d
PFE ▼ -3.62% at T+60d
NEUTRAL call ✗ call lost -3.62% · α vs SPY -12.88% · entry $27.24 → $26.25
Last close $25.62 (close Jun 8) · -5.94% from $27.24 entry
Entry anchored
Mar 2, 12:49 PM ET
via Databento tick
T+1d
-2.39%
call -2.39% · α -1.47%
$26.59
settled 3mo ago
T+5d
-1.62%
call -1.62% · α -0.41%
$26.80
settled 3mo ago
T+20d
+1.91%
call +1.91% · α +9.84%
$27.76
settled 2mo ago
T+60d
-3.62%
call -3.62% · α -12.88%
$26.25
settled 14d ago

Price Chart

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Executive Summary

Argus Research upgraded Pfizer (PFE) from Hold to Buy on March 2, 2026, setting a $35 price target — 35% above the current $25.96. This is part of an 8-firm cluster action, though Argus is the only one upgrading. The firm has a 54% accuracy rate on 339 calls with a +3.7% average return, placing it in the average tier. Consensus is mixed: 16 Buy (59%), 17 Hold (41%), 3 Sell (11%) across 36 analysts. The mean target is $29.11 (12% upside), median $28. Argus's $35 target is above the mean and median, ranking as the second-highest behind the $36 high. Momentum is flat — 0 upgrades and 0 downgrades in the last 30 days. EPS revisions are slightly positive: 10 up vs 6 down for the current fiscal year. Insider trades are absent, but a small congressional buy from Rep. Ro Khanna ($1K-$15K) provides a weak bullish signal. Short interest is elevated at 56.2% of float, indicating bearish positioning that could fuel a squeeze if sentiment shifts. Bottom line: Argus's upgrade is a contrarian call against a cautious consensus, but the firm's average accuracy and the lack of recent analyst momentum limit conviction. Traders should watch for a catalyst — earnings or pipeline news — to validate the bullish thesis.

Impact Score

Base Score
1/7
LLM Adjustment
+0
Final Score
1/10

Consensus & Targets

Buy / Strong Buy
16 (44%)
Hold
17
Sell / Strong Sell
3
Total Analysts
27
Mean PT
$29.11
Median PT
$28.00
High PT
$36.00
Low PT
$24.00
Current Price
$25.96
Implied Upside
+12.1%

Consensus: 5 Strong Buy, 11 Buy, 17 Hold, 2 Sell, 1 Strong Sell — that's 16 Buy (59%), 17 Hold (41%), 3 Sell (11%) across 36 analysts. The majority is cautious, with Hold as the single largest category. Argus's Buy is a minority view.

Current price: $25.96. Mean target: $29.11 (12% upside). Median: $28. High: $36. Low: $24. Argus's $35 target is above the mean and median, ranking second-highest behind $36. Implied upside to Argus's target: 35%.

Recent Analyst Activity

DateFirmActionRatingPrice Target
2026-04-29 Citigroup maintain Neutral $27.00
2026-04-20 RBC Capital reiterate Underperform $25.00
2026-04-16 CICC initiate Outperform $33.00
2026-04-13 UBS maintain Neutral $27.00
2026-04-10 Morgan Stanley maintain Equal-Weight $28.00
2026-04-09 B of A Securities maintain Neutral $26.00
2026-03-24 Guggenheim maintain Buy
2026-03-17 HSBC maintain Buy
2026-03-02 Argus Research upgrade Buy
2026-02-25 RBC Capital initiate Underperform $25.00

30-day analyst activity: 0 upgrades, 0 downgrades — flat. EPS revisions: for the current fiscal year (0y), 10 revisions up vs 6 down in the last 30 days, with the average EPS estimate rising from $2.96 to $2.97. For next fiscal year (+1y), 10 up vs 7 down, EPS estimate rising from $2.82 to $2.84. Revisions are modestly positive but not accelerating.

Firm Track Record — Argus Research

Argus Research accuracy: 54% on 339 calls | avg return: 3.7%

Industry benchmark: mean 51% ± 11%. Top tier: ≥61% (mean + 1σ). Based on 7 firms with ≥5 scored calls.

FirmAccuracyCallsAvg Returnvs Average
Morgan Stanley 71% 5/7 4.2% top tier
B of A Securities 67% 2/3 -0.1% top tier
Cantor Fitzgerald 59% 10/17 1.8% above average
Citigroup 50% 1/2 -5% below average
Barclays 50% 1/2 -1.2% below average
Guggenheim 40% 2/5 -1.4% below average
UBS 40% 2/5 -2.7% below average

Argus Research has a 54% accuracy rate on 339 calls with a +3.7% average return — average tier. Among firms covering PFE, Morgan Stanley (71% on 7 calls, +4.2%) and BofA (67% on 3 calls, -0.1%) are top tier. Cantor Fitzgerald (59% on 17 calls, +1.8%) is above average. Citigroup (50% on 2 calls, -5%) and Barclays (50% on 2 calls, -1.2%) are below average. Argus's accuracy is in line with the average firm.

Earnings Estimates

PeriodEPS Est.EPS RangeRevenueRevisions (7d)
+1q $0.85 $0.65 — $0.96 $16.1B ↑5 ↓0
0q $0.68 $0.61 — $0.76 $14.4B ↑5 ↓0
0y $2.97 $2.80 — $3.12 $61.7B ↑10 ↓0
+1y $2.84 $2.43 — $3.10 $59.4B ↑11 ↓0

Cross-Platform Signals

Congressional
Ro Khanna (democrat) — buy $1,001 - $15,000
Institutional
NORGES BANK — new
Institutional
RENAISSANCE TECHNOLOGIES LLC — exit (-100%)
Institutional
TWO SIGMA INVESTMENTS, LP — doubled (2734.9%)
Short Interest
Short: 11,688,209 | Exempt: 61,638 | TRF Vol: 20,789,801 | Short Ratio: 56.2% | Off-exchange volume (dark pool + OTC)

Insider trades: none reported — no signal. Congressional activity: Rep. Ro Khanna (D-CA) bought $1K-$15K of PFE on April 13, 2026 — a weak bullish signal. Institutional changes: Norges Bank entered with a massive $1.83B new position (bullish), while Renaissance Technologies exited completely (bearish). Two Sigma Investments increased its position by 2,734% to $53.6M (bullish). Cullen Capital Management trimmed by 38% to $57.6M (bearish). Short interest: 56.2% of float — extremely high, indicating heavy bearish positioning that could amplify any upside move. The institutional picture is mixed but leans slightly bullish on net.

Actionable Insight

Argus's upgrade is a contrarian call against a cautious consensus, but the firm's average accuracy and flat analyst momentum limit conviction. The high short interest (56.2%) is a double-edged sword — it could fuel a squeeze if positive catalysts emerge, but also reflects deep bearish sentiment. Wait for a catalyst (earnings, pipeline data) before acting.

Documents Analyzed

Report based on filing metadata.

6 reports for PFE
Performance horizon
100% Hit rate 3 of 3 directional calls best @ T+1▲ +1.32%Apr 16, 2026
Filters
Rows
Reports for PFE — sortable, filterable
Type Now
May 16, 2026
24d ago
ANALYST-UPGRADE
BULLISH ★ 2/10
$27.20 $25.75▼ −5.34%▼ −11.98%$25.62 (−5.80%)
May 16, 2026
24d ago
ANALYST-UPGRADE
NEUTRAL ★ 1/10
$27.24 $27.76▲ +1.91%▲ +9.84%$25.62 (−5.94%)
May 5, 2026
5w ago
8-K
NEUTRAL ★ 4/10
$26.43 $25.55▼ −3.31%▼ −8.27%$25.62 (−3.05%)
Apr 16, 2026
7w ago
ANALYST-UPGRADE
BULLISH ★ 3/10
$27.20 $25.96▼ −4.55%▼ −10.36%$25.62 (−5.80%)
Apr 16, 2026
7w ago
ANALYST-UPGRADE
BULLISH ★ 7/10
$27.20 $25.96▼ −4.55%▼ −10.36%$25.62 (−5.80%)
Mar 12, 2026
12w ago
DEFA14A
NEUTRAL ★ 2/10
$26.86 $26.90▲ +0.15%▼ −1.83%$25.62 (−4.61%)
Showing 6 of 6

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