Below are the downside targets based on the work of Edson Gould.
The targets, as noted in the chart above are:
- $168.51 (conservative target)
- $141.34 (mid-range target)
- $114.17 (extreme target)
There is no indication that the price of Moderna Inc. has peaked. For this reason, the targets are tentative at best. We will need to revise the targets once a decline in the price takes place.