TipRanks
Moderna: The Tesla of Biotechs
The stock market is often a vehicle for storytelling. That is, sentiment around a particular company can be driven by the narrative associated with it. The most notable example might be Tesla, where its mighty valuation is at odds with its actual real-world performance, promising that may be, and is based more on being the poster boy for the rising electric vehicle industry. While Tesla might be the most prominent “story stock,” it is far from the only company to bear out this theme, with many s