[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"app-context":3,"blog-moderna-sinks-another-8-even-as-lead-investigator-calls-melanoma-vaccine-data-transformational-ZH":150},{"languages":4,"categories":41,"products":125,"competitors":149},[5,9,13,17,21,25,29,33,37],{"name":6,"code":7,"id":8},"English","EN","TGFuZ3VhZ2U6ZW4=",{"name":10,"code":11,"id":12},"Español","ES","TGFuZ3VhZ2U6ZXM=",{"name":14,"code":15,"id":16},"Português","PT","TGFuZ3VhZ2U6cHQ=",{"name":18,"code":19,"id":20},"日本語","JA","TGFuZ3VhZ2U6amE=",{"name":22,"code":23,"id":24},"한국어","KO","TGFuZ3VhZ2U6a28=",{"name":26,"code":27,"id":28},"Deutsch","DE","TGFuZ3VhZ2U6ZGU=",{"name":30,"code":31,"id":32},"Italiano","IT","TGFuZ3VhZ2U6aXQ=",{"name":34,"code":35,"id":36},"Français","FR","TGFuZ3VhZ2U6ZnI=",{"name":38,"code":39,"id":40},"中文 (中国)","ZH","TGFuZ3VhZ2U6emg=",[42,73,104],{"icon":43,"slug":44,"title":45,"description":46,"featuredLinks":47},"mingcute:stock-line","stock-market-basics","Stock Market Basics","\u003Cp>Beginners' guides and practical tips for understanding stock market investing.\u003C\u002Fp>\n",[48,53,58,63,68],{"url":49,"title":50,"description":51,"ogImage":52},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-makes-stocks-go-up-and-down","What Makes Stocks Go Up and Down | TIKR.com","Understanding what makes stock prices go up and down can help investors better navigate investing. Click to learn more!","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-makes-stocks-go-up-and-down-banner\u002FWhat-makes-stocks-go-up-and-down-banner.jpg?_i=AA",{"url":54,"title":55,"description":56,"ogImage":57},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fdividend-yield-meaning-formula-example","Dividend Yield: Meaning, Formula, Example | Tikr.com Blog | TIKR.com","The dividend yield is a key metric for investors looking to gauge the income potential of their investments. It measures how much a company pays out in","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FDividend-yield\u002FDividend-yield.png?_i=AA",{"url":59,"title":60,"description":61,"ogImage":62},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fmarket-capitalization-definition-formula-and-why-it-matters","Market Capitalization: Definition, Formula, and Why It Matters | TIKR.com","Long-term investors often look at various valuation metrics when deciding whether to invest in a particular company. One helpful metric to evaluate is","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FMarket-Capitalization-Definition-Formula-and-Why-It-Matters\u002FMarket-Capitalization-Definition-Formula-and-Why-It-Matters.png?_i=AA",{"url":64,"title":65,"description":66,"ogImage":67},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fearnings-per-share-definition-formula-and-why-eps-matters","Earnings Per Share: Definition, Formula, and Why EPS Matters | TIKR.com","Earnings Per Share (EPS) represents the portion of a company's net earnings allocated to each share. Click to learn more!","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FEPS-Defiinition-formula-and-why-EPS-matters-1\u002FEPS-Defiinition-formula-and-why-EPS-matters-1.png?_i=AA",{"url":69,"title":70,"description":71,"ogImage":72},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-a-stock-price-target","What Is a Stock Price Target? | TIKR.com","A price target is a stock's estimated future price. It can help investors quickly find undervalued stocks. Learn more now!","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-is-a-Stock-Price-Target-2\u002FWhat-is-a-Stock-Price-Target-2.png?_i=AA",{"icon":74,"slug":75,"title":76,"description":77,"featuredLinks":78},"material-symbols:analytics-outline","fundamental-analysis","Fundamental Analysis","\u003Cp>In-depth resources and financial metrics to help you evaluate companies like a pro.\u003C\u002Fp>\n",[79,84,89,94,99],{"url":80,"title":81,"description":82,"ogImage":83},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fshare-repurchase-why-do-companies-buy-back-their-stock","Share Repurchase: Why Do Companies Buy Back Their Stock? | TIKR.com","Share repurchases, or share buybacks, have gained popularity in the last two decades. According to a report from Goldman Sachs, stock buybacks initiated","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FTIKR-BLOG-COVER-PHOTOS-3_544a7f4e\u002FTIKR-BLOG-COVER-PHOTOS-3_544a7f4e.png?_i=AA",{"url":85,"title":86,"description":87,"ogImage":88},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-a-good-return-on-invested-capital","What Is a Good Return on Invested Capital? | TIKR.com","Learning about Return on Invested Capital (ROIC) can help investors spot highly profitable stocks that can drive long-term returns. Learn more now!","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-is-a-good-return-on-Invested-capital\u002FWhat-is-a-good-return-on-Invested-capital.png?_i=AA",{"url":90,"title":91,"description":92,"ogImage":93},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-a-good-return-on-equity-ratio","What is a Good Return on Equity Ratio | Tikr.com Blog | TIKR.com","Return on Equity (ROE) is a financial ratio that reflects a company's profitability in relation to the equity invested by shareholders. It basically","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-is-a-good-return-on-equity-ratio-1\u002FWhat-is-a-good-return-on-equity-ratio-1.jpg?_i=AA",{"url":95,"title":96,"description":97,"ogImage":98},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-a-good-p-e-ratio","What Is a Good P\u002FE Ratio? | TIKR.com","Financial analysts and investors look at various metrics before deciding whether a stock is a buy. One of the metrics is the price-to-earnings ratio (P\u002FE","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-is-a-good-PE-ratio-1\u002FWhat-is-a-good-PE-ratio-1.jpg?_i=AA",{"url":100,"title":101,"description":102,"ogImage":103},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Ftop-6-metrics-for-investing-in-reits","Top 6 Metrics for Investing in REITs | TIKR.com","Real estate has been one of the greatest asset classes for wealth creation in history, and investing in Real Estate Investment Trusts (REITs) can allow","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FGroup-10\u002FGroup-10.png?_i=AA",{"icon":105,"slug":106,"title":107,"description":108,"featuredLinks":109},"hugeicons:investigation","investing-lingo","Investing Lingo","\u003Cp>A comprehensive glossary of investing terms and jargon so you can speak the language of the markets confidently.\u003C\u002Fp>\n",[110,115,120],{"url":111,"title":112,"description":113,"ogImage":114},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fenterprise-value-definition-and-calculation","Enterprise Value: Definition and Calculation | Tikr.com Blog | TIKR.com","Enterprise value (EV) is a financial metric that offers a comprehensive snapshot of a company's total value. Unlike market capitalization which solely","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FEnterprise-Value-Definition-and-Calculation_37576e40\u002FEnterprise-Value-Definition-and-Calculation_37576e40.png?_i=AA",{"url":116,"title":117,"description":118,"ogImage":119},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Febitda-definition-formula-how-to-use-it","EBITDA: Definition, Formula, How to Use It | TIKR.com","EBITDA stands for earnings before interest, taxes, depreciation and amortization. It's a financial metric commonly used to evaluate a company's financial","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FEBITDA-Definition-Formula-How-to-Use-It\u002FEBITDA-Definition-Formula-How-to-Use-It.png?_i=AA",{"url":121,"title":122,"description":123,"ogImage":124},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-the-free-cash-flow-formula-and-why-does-it-matter","What is the Free Cash Flow Formula and Why Does It Matter | TIKR.com","Free cash flow, or FCF, is the cash a company generates after it accounts for outflows required to maintain business operations and support capital","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-is-the-free-cash-flow-formula\u002FWhat-is-the-free-cash-flow-formula.png?_i=AA",[126,130,134,137,141,145],{"slug":127,"modified":128,"title":129},"valuation-model-builder","2025-07-03T00:18:53","Value Stocks Quickly and Accurately",{"slug":131,"modified":132,"title":133},"stock-portfolio-tracking","2024-12-02T22:21:28","Monitor Your Portfolio",{"slug":75,"modified":135,"title":136},"2025-01-21T22:10:52","Instantly Analyze Companies with In-Depth Metrics",{"slug":138,"modified":139,"title":140},"stock-screener","2024-12-02T22:13:31","Find the Best Stocks to Buy",{"slug":142,"modified":143,"title":144},"investor-stock-portfolio","2025-01-21T22:02:56","Follow Investment Moves of Top Investors",{"slug":146,"modified":147,"title":148},"analyze-stocks","2025-07-23T16:04:24","Analyze Stocks",[],{"post":151,"seo":184,"relatedPosts":191,"suggestedPosts":268},{"id":152,"title":153,"date":154,"modified":154,"excerpt":155,"content":156,"wordCount":157,"lang":158,"uri":159,"slug":160,"cloudinaryAssetId":161,"featuredImageOriginalUrl":162,"featuredImageMetadata":163,"author":166,"editor":172,"categories":175,"relatedPosts":181,"seo":182},145509,"Moderna股价再跌8%，尽管首席研究员称黑色素瘤疫苗数据\"具有变革性\"","2026-10-26T19:28:09","\u003Cp>黑色素瘤患者的真正福音，股价依然高企\u003C\u002Fp>","\u003Ch2 id=\"h-key-takeaways\" class=\"wp-block-heading\">核心要点\u003C\u002Fh2>\n\n\n\n\u003Cul class=\"wp-block-list\">\n\u003Cli>Moderna 股价今早再跌 8%。周六，该公司及其合作伙伴 Merck 公布了完整的 III 期数据，显示其个性化黑色素瘤疫苗将复发或死亡风险降低了 42%。\u003C\u002Fli>\n\n\n\n\u003Cli>首席研究员称该结果对癌症治疗具有变革性意义，但该股此前定价已包含了不止一个黑色素瘤领域的成功预期，目前依然如此。\u003C\u002Fli>\n\n\n\n\u003Cli>Moderna 的远期市销率仍远高于其五年平均水平，而分析师预计其 2028 年收入仅为 33 亿美元。\u003C\u002Fli>\n\n\n\n\u003Cli>更长期的随访数据和总生存期数据是接下来的考验，Merck 将于 10 月 29 日报告，Moderna 将于 11 月 6 日报告。\u003C\u002Fli>\n\u003C\u002Ful>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">\u003Cstrong>Moderna (\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fstock\u002Fabout?cid=128680956&tid=591065499\">MRNA\u003C\u002Fa>)\u003C\u002Fstrong> 股价今早再跌 8%。尽管 Georgina Long 博士称她周六公布的黑色素瘤疫苗数据“对癌症治疗具有如此变革性的意义”，股价依然下跌。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">澳大利亚黑色素瘤研究所的 Long 博士领导了 intismeran 的 III 期临床试验，这是 Moderna 与 \u003Cstrong>Merck (\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fstock\u002Fabout?cid=288502&tid=2629738\">MRK\u003C\u002Fa>)\u003C\u002Fstrong> 合作开发的个性化疫苗。此前，在\u003Ca href=\"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fmoderna-sinks-18-on-apparent-leak-of-embargoed-phase-3-melanoma-vaccine-data\">疑似结果泄露\u003C\u002Fa>后，该股已于周四和周五下跌了约 19%。\u003C\u002Fp>\n\n\n\n\u003Ch2 id=\"h-what-exactly-happened\" class=\"wp-block-heading\">具体发生了什么\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">在周六的欧洲肿瘤内科学会会议上，Long 博士公布了针对已接受黑色素瘤手术的患者的结果。该试验比较了 intismeran 联合 Merck 的 Keytruda 与单用 Keytruda 的效果：\u003C\u002Fp>\n\n\n\n\u003Cul class=\"wp-block-list\">\n\u003Cli>复发或死亡风险降低 42%\u003C\u002Fli>\n\n\n\n\u003Cli>远处转移或死亡风险降低 38%\u003C\u002Fli>\n\n\n\n\u003Cli>六个月后获益更强\u003C\u002Fli>\n\n\n\n\u003Cli>总生存期数据尚未公布\u003C\u002Fli>\n\u003C\u002Ful>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">这很重要。即使使用 Keytruda，仍有 44% 的 III 期患者在五年内出现癌症复发或死亡。此前三项将其他免疫疗法添加到 Keytruda 等药物中的 III 期试验均告失败。\u003C\u002Fli>\n\u003C\u002Ful>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">\u003Cstrong>TIKR 追踪了 23 位分析师对 Moderna 的看法。有多少人给出“买入”评级？\u003C\u002Fstrong>\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">在一个地方查看 Moderna 的买入、持有和卖出评级的完整细分，以及华尔街的收入和盈利预测。超过 50 万投资者使用 TIKR 来研究像这样的股票。\u003Ca href=\"https:\u002F\u002Fwww.tikr.com\u002Fvaluation-model-builder?ref=tikrblog\">查看 Moderna 的分析师评级\u003C\u002Fa>\u003C\u002Fp>\n\n\n\n\u003Ch2 id=\"h-the-bar-was-higher-for-the-stock\" class=\"wp-block-heading\">市场对股价的期望更高\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">在 Moderna 的 II 期试验中，经过五年随访，风险降低了 49%。该股在此次数据公布前也已上涨，部分得益于\u003Ca href=\"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fmoderna-stock-soared-14-as-nih-plans-covid-style-push-for-cancer-vaccines\">美国国立卫生研究院计划以 COVID 疫苗模式推动癌症疫苗研发\u003C\u002Fa>。因此，42% 的结果被视为有所退步。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">截至周五收盘，Moderna 的远期市销率为 42 倍。这低于 10 月 21 日的 52 倍，但仍远高于其五年平均水平的 7.7 倍。\u003C\u002Fp>\n\n\n\n\u003Cfigure class=\"wp-block-image size-full\">\u003Cimg width=\"3024\" height=\"2016\" data-public-id=\"images\u002FMRNA-2026-10-26_MRNA_ntm_ps_5y\u002FMRNA-2026-10-26_MRNA_ntm_ps_5y.png\" loading=\"lazy\" decoding=\"async\" src=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_3024,h_2016,c_scale\u002Ff_webp,q_auto\u002Fv1793018831\u002Fimages\u002FMRNA-2026-10-26_MRNA_ntm_ps_5y\u002FMRNA-2026-10-26_MRNA_ntm_ps_5y.png?_i=AA\" alt=\"Line chart from TIKR of Moderna's forward (NTM) price\u002Fsales, last 5 years.\" class=\"wp-post-145509 wp-image-145507\" data-format=\"webp\" data-transformations=\"f_webp,q_auto\" data-version=\"1793018831\" data-seo=\"1\" srcset=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Ff_webp,q_auto\u002Fv1793018831\u002Fimages\u002FMRNA-2026-10-26_MRNA_ntm_ps_5y\u002FMRNA-2026-10-26_MRNA_ntm_ps_5y.png?_i=AA 3024w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793018831\u002Fimages\u002FMRNA-2026-10-26_MRNA_ntm_ps_5y\u002FMRNA-2026-10-26_MRNA_ntm_ps_5y.png?_i=AA 600w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1200,h_800,c_scale\u002Ff_webp,q_auto\u002Fv1793018831\u002Fimages\u002FMRNA-2026-10-26_MRNA_ntm_ps_5y\u002FMRNA-2026-10-26_MRNA_ntm_ps_5y.png?_i=AA 1200w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1400,h_933,c_scale\u002Ff_webp,q_auto\u002Fv1793018831\u002Fimages\u002FMRNA-2026-10-26_MRNA_ntm_ps_5y\u002FMRNA-2026-10-26_MRNA_ntm_ps_5y.png?_i=AA 1400w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_300,h_200,c_scale\u002Ff_webp,q_auto\u002Fv1793018831\u002Fimages\u002FMRNA-2026-10-26_MRNA_ntm_ps_5y\u002FMRNA-2026-10-26_MRNA_ntm_ps_5y.png?_i=AA 300w\" sizes=\"auto, (max-width: 3024px) 100vw, 3024px\" \u002F>\u003Cfigcaption class=\"wp-element-caption\">Moderna (MRNA): 远期 (NTM) 市销率，过去 5 年 (\u003Cstrong>TIKR\u003C\u002Fstrong>)\u003C\u002Ffigcaption>\u003C\u002Ffigure>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">以今早的价格计算，其远期市销率接近 39 倍。\u003C\u002Fp>\n\n\n\n\u003Ch2 id=\"h-the-case-for-patience\" class=\"wp-block-heading\">需要耐心的理由\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">Moderna 的首席开发官 David Berman 在周六的投资者电话会议上辩称，获益将会增加。疫苗需要数周时间生产，生效也需要数周，因此试验的两个组在约六个月内会相互跟踪。在 II 期试验中，在随访的同一时间点，风险降低幅度为 44%。随着早期几个月的影响权重降低，该数字增长到了 49%。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">“我们确实相信，基于这个原因，III 期数据将继续改善，”他说。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">Piper Sandler 表示同意：今早，该行将其目标价从 167 美元上调至 230 美元。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">尽管如此，分析师预计 2028 年收入仅为 33.4 亿美元，约为 2023 年 68.5 亿美元的一半。\u003C\u002Fp>\n\n\n\n\u003Cfigure class=\"wp-block-image size-full\">\u003Cimg width=\"3024\" height=\"2016\" data-public-id=\"images\u002FMRNA-2026-10-26_MRNA_revenue_estimates_2023-2028\u002FMRNA-2026-10-26_MRNA_revenue_estimates_2023-2028.png\" loading=\"lazy\" decoding=\"async\" src=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_3024,h_2016,c_scale\u002Ff_webp,q_auto\u002Fv1793018828\u002Fimages\u002FMRNA-2026-10-26_MRNA_revenue_estimates_2023-2028\u002FMRNA-2026-10-26_MRNA_revenue_estimates_2023-2028.png?_i=AA\" alt=\"Bar chart from TIKR of Moderna's revenue, actual and consensus estimates, $ billions, fiscal 2023–2028.\" class=\"wp-post-145509 wp-image-145508\" data-format=\"webp\" data-transformations=\"f_webp,q_auto\" data-version=\"1793018828\" data-seo=\"1\" srcset=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Ff_webp,q_auto\u002Fv1793018828\u002Fimages\u002FMRNA-2026-10-26_MRNA_revenue_estimates_2023-2028\u002FMRNA-2026-10-26_MRNA_revenue_estimates_2023-2028.png?_i=AA 3024w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793018828\u002Fimages\u002FMRNA-2026-10-26_MRNA_revenue_estimates_2023-2028\u002FMRNA-2026-10-26_MRNA_revenue_estimates_2023-2028.png?_i=AA 600w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1200,h_800,c_scale\u002Ff_webp,q_auto\u002Fv1793018828\u002Fimages\u002FMRNA-2026-10-26_MRNA_revenue_estimates_2023-2028\u002FMRNA-2026-10-26_MRNA_revenue_estimates_2023-2028.png?_i=AA 1200w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1400,h_933,c_scale\u002Ff_webp,q_auto\u002Fv1793018828\u002Fimages\u002FMRNA-2026-10-26_MRNA_revenue_estimates_2023-2028\u002FMRNA-2026-10-26_MRNA_revenue_estimates_2023-2028.png?_i=AA 1400w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_300,h_200,c_scale\u002Ff_webp,q_auto\u002Fv1793018828\u002Fimages\u002FMRNA-2026-10-26_MRNA_revenue_estimates_2023-2028\u002FMRNA-2026-10-26_MRNA_revenue_estimates_2023-2028.png?_i=AA 300w\" sizes=\"auto, (max-width: 3024px) 100vw, 3024px\" \u002F>\u003Cfigcaption class=\"wp-element-caption\">Moderna (MRNA): 收入，实际值与共识预测，十亿美元，2023–2028 财年 (\u003Cstrong>TIKR\u003C\u002Fstrong>)\u003C\u002Ffigcaption>\u003C\u002Ffigure>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">周六的数据中没有任何内容支持下调这些预测。\u003C\u002Fp>\n\n\n\n\u003Ch2 id=\"h-great-data-steep-price\" class=\"wp-block-heading\">数据出色，估值高昂\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">Moderna 在“变革性”数据公布后下跌，是因为该股此前定价已包含了不止一个黑色素瘤领域的成功预期。以接近 39 倍的远期市销率来看，目前依然如此。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">我的看法：intismeran 对患者来说似乎是一个真正的进步，但在支付如此高的估值倍数之前，我希望看到总生存期数据在手。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">当然，如果获益如 Berman 预期的那样增长，那么今天的价格回过头来看可能显得便宜。Merck 将于 10 月 29 日报告，Moderna 将于 11 月 6 日报告。\u003C\u002Fp>\n\n\n\n\u003Ch2 id=\"h-so-what-is-moderna-stock-actually-worth\" class=\"wp-block-heading\">那么 Moderna 股票的实际价值是多少？\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">TIKR 让你能在一分钟内预测任何股票的未来价格。只需在 TIKR 的估值模型中输入几个假设，就能看到 Moderna 可能的价值。可以从华尔街共识预测开始，或者调整输入参数以反映你对业务的看法。免费使用。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">\u003Ca href=\"https:\u002F\u002Fwww.tikr.com\u002Fvaluation-model-builder?ref=tikrblog\">免费为 Moderna 估值\u003C\u002Fa>\u003C\u002Fp>\n\n\n\n\u003Ch3 id=\"h-disclaimer\" class=\"wp-block-heading\">\u003Cstrong>免责声明：\u003C\u002Fstrong>\u003C\u002Fh3>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">\u003Cem>请注意，TIKR 上的文章并非 TIKR 或我们的内容团队提供的投资或财务建议，也不是买入或卖出任何股票的建议。我们的内容基于 TIKR Terminal 的投资数据和分析师预测。我们的分析可能未包含近期的公司新闻或重要更新。TIKR 对提及的任何股票均无持仓。感谢阅读，祝您投资愉快！\u003C\u002Fem>\u003C\u002Fp>",774,"zh","\u002Fblog\u002Fmoderna-sinks-another-8-even-as-lead-investigator-calls-melanoma-vaccine-data-transformational","moderna-sinks-another-8-even-as-lead-investigator-calls-melanoma-vaccine-data-transformational","images\u002Fgrim-older-man-falling-red-chart\u002Fgrim-older-man-falling-red-chart","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1792780116\u002Fimages\u002Fgrim-older-man-falling-red-chart\u002Fgrim-older-man-falling-red-chart.png?_i=AA",{"altText":164,"imageCredit":165},"Moderna Sinks Another 8% Even as Lead Investigator Calls Melanoma Vaccine Data “Transformational”","BackyardProduction from Getty Images via Canva]",{"name":167,"slug":168,"role":169,"roleTitle":170,"biography":170,"avatar":170,"socialMediaLinks":171},"Roxanna Maglangit","roxtikr","author","",[],{"name":167,"slug":168,"role":173,"roleTitle":170,"biography":170,"avatar":170,"socialMediaLinks":174},"editor",[],[176],{"name":177,"slug":178,"uri":179,"description":170,"postsCount":180},"一般投资","general-investing","\u002Fblog\u002Fcategory\u002Fgeneral-investing",0,[],{"title":164,"metaDesc":183,"opengraphDescription":183,"twitterTitle":164,"twitterDescription":183},"A real win for melanoma patients, and still a pricey stock",{"title":185,"description":183,"twitterTitle":185,"twitterDescription":183,"author":167,"articlePublisher":186,"articlePublishedTime":154,"articleModifiedTime":154,"twitterLabel1":187,"twitterData1":188,"ogTitle":185,"ogDescription":183,"ogUrl":159,"ogImage":162,"ogImageWidth":189,"ogImageHeight":190,"ogImageSecureUrl":162,"ogImageAlt":164,"twitterImage":162},"Moderna Sinks Another 8% Even as Lead Investigator Calls Melanoma Vaccine Data “Transformational”","TIKR.com","预计阅读时间","2 minutes",1200,630,[192,207,224,239,254],{"id":180,"title":193,"date":194,"excerpt":195,"wordCount":196,"uri":197,"slug":198,"cloudinaryAssetId":199,"featuredImageOriginalUrl":200,"featuredImageMetadata":201,"author":202,"categories":204,"relatedPosts":206},"Lumentum上涨3%，StoneX给予买入评级，目标价1200美元：关键稀缺点","2026-10-26 19:24:22","StoneX 并非在冒险行事",730,"\u002Fblog\u002Flumentum-gains-3-as-stonex-starts-at-buy-with-1200-target-critical-scarcity-points","lumentum-gains-3-as-stonex-starts-at-buy-with-1200-target-critical-scarcity-points","images\u002Fconfident-man-rising-green-chart\u002Fconfident-man-rising-green-chart","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1792770636\u002Fimages\u002Fconfident-man-rising-green-chart\u002Fconfident-man-rising-green-chart.png?_i=AA",{"altText":193},{"name":167,"slug":168,"role":169,"roleTitle":170,"biography":170,"avatar":170,"socialMediaLinks":203},[],[205],{"name":177,"slug":178,"uri":179,"description":170,"postsCount":180},[],{"id":180,"title":208,"date":209,"excerpt":210,"wordCount":211,"uri":212,"slug":213,"cloudinaryAssetId":214,"featuredImageOriginalUrl":215,"featuredImageMetadata":216,"author":217,"categories":221,"relatedPosts":223},"Circle股价下跌7%，因瑞穗警告AI代理带来\"显著风险\"，目标价下调至43美元","2026-10-26 19:07:47","Mizuho询问AI代理应如何配置现金，它们并未选择USDC。",701,"\u002Fblog\u002Fcircle-sinks-7-as-mizuho-warns-of-marked-risk-from-ai-agents-cuts-target-to-43","circle-sinks-7-as-mizuho-warns-of-marked-risk-from-ai-agents-cuts-target-to-43","images\u002F5-9_118780a9ab7\u002F5-9_118780a9ab7","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1784630659\u002Fimages\u002F5-9_118780a9ab7\u002F5-9_118780a9ab7.png?_i=AA",{"altText":208},{"name":218,"slug":219,"role":169,"roleTitle":170,"biography":170,"avatar":170,"socialMediaLinks":220},"Gian Estrada","giantikr",[],[222],{"name":177,"slug":178,"uri":179,"description":170,"postsCount":180},[],{"id":180,"title":225,"date":226,"excerpt":227,"wordCount":228,"uri":229,"slug":230,"cloudinaryAssetId":231,"featuredImageOriginalUrl":232,"featuredImageMetadata":233,"author":234,"categories":236,"relatedPosts":238},"Xencor股价飙升31%，肾癌试验数据显示\"令人印象深刻的抗肿瘤活性\"","2026-10-26 18:55:19","仅有11名患者，但开局堪称惊艳",742,"\u002Fblog\u002Fxencor-soars-31-on-kidney-cancer-trial-data-showing-impressive-antitumor-activity","xencor-soars-31-on-kidney-cancer-trial-data-showing-impressive-antitumor-activity","images\u002Fcheering-woman-rising-green-chart\u002Fcheering-woman-rising-green-chart","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793020037\u002Fimages\u002Fcheering-woman-rising-green-chart\u002Fcheering-woman-rising-green-chart.png?_i=AA",{"altText":225},{"name":167,"slug":168,"role":169,"roleTitle":170,"biography":170,"avatar":170,"socialMediaLinks":235},[],[237],{"name":177,"slug":178,"uri":179,"description":170,"postsCount":180},[],{"id":180,"title":240,"date":241,"excerpt":242,"wordCount":243,"uri":244,"slug":245,"cloudinaryAssetId":246,"featuredImageOriginalUrl":247,"featuredImageMetadata":248,"author":249,"categories":251,"relatedPosts":253},"Range Resources股价飙升11%，EQT全股票收购打造\"必持能源公司\"","2026-10-26 18:53:00","Range Resources的股东如今也成了EQT的股东，无论好坏",721,"\u002Fblog\u002Frange-resources-soars-11-on-eqts-all-stock-takeover-creating-a-must-own-energy-company","range-resources-soars-11-on-eqts-all-stock-takeover-creating-a-must-own-energy-company","images\u002Fshocked-man-rising-green-chart\u002Fshocked-man-rising-green-chart","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793020221\u002Fimages\u002Fshocked-man-rising-green-chart\u002Fshocked-man-rising-green-chart.png?_i=AA",{"altText":240},{"name":167,"slug":168,"role":169,"roleTitle":170,"biography":170,"avatar":170,"socialMediaLinks":250},[],[252],{"name":177,"slug":178,"uri":179,"description":170,"postsCount":180},[],{"id":180,"title":255,"date":256,"excerpt":257,"wordCount":258,"uri":259,"slug":260,"cloudinaryAssetId":-1,"featuredImageOriginalUrl":261,"featuredImageMetadata":262,"author":263,"categories":265,"relatedPosts":267},"巴克莱仍认为甲骨文有100%的上涨空间。以下是其股价如何达到252美元的分析","2026-10-26 18:50:58","数学上成立，只是不在一年内实现",746,"\u002Fblog\u002Fbarclays-still-sees-100-upside-for-oracle-heres-how-it-gets-to-252","barclays-still-sees-100-upside-for-oracle-heres-how-it-gets-to-252","https:\u002F\u002Ftikr1.wpengine.com\u002Fwp-content\u002Fuploads\u002F2026\u002F10\u002FOracleStock-600x400.png",{"altText":255},{"name":167,"slug":168,"role":169,"roleTitle":170,"biography":170,"avatar":170,"socialMediaLinks":264},[],[266],{"name":177,"slug":178,"uri":179,"description":170,"postsCount":180},[],[269,289,304,318],{"id":180,"title":270,"date":271,"excerpt":272,"wordCount":273,"uri":274,"slug":275,"cloudinaryAssetId":276,"featuredImageOriginalUrl":277,"featuredImageMetadata":278,"author":279,"categories":283,"relatedPosts":288},"过去12个月上涨13%，Arista Networks股票能否在2026年带来更佳回报？","2026-10-26 12:57:00","Arista股票一年内上涨了10%。查看TIKR估值模型对ANET上行空间的预测，其目标价预计在2028年12月前达到275美元。",1099,"\u002Fblog\u002Farista-networks-stock-valuation-anet-2026","arista-networks-stock-valuation-anet-2026","images\u002FANET-stock-@Jirsak-from-Getty-Images-Pro-via-Canva-@Africa-images-via-Canva\u002FANET-stock-@Jirsak-from-Getty-Images-Pro-via-Canva-@Africa-images-via-Canva","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793010558\u002Fimages\u002FANET-stock-@Jirsak-from-Getty-Images-Pro-via-Canva-@Africa-images-via-Canva\u002FANET-stock-@Jirsak-from-Getty-Images-Pro-via-Canva-@Africa-images-via-Canva.png?_i=AA",{"altText":270},{"name":280,"slug":281,"role":169,"roleTitle":170,"biography":170,"avatar":170,"socialMediaLinks":282},"Aditya Raghunath","adityatikr",[],[284],{"name":285,"slug":286,"uri":287,"description":170,"postsCount":180},"估价","valuation","\u002Fblog\u002Fcategory\u002Fvaluation",[],{"id":180,"title":290,"date":291,"excerpt":292,"wordCount":293,"uri":294,"slug":295,"cloudinaryAssetId":296,"featuredImageOriginalUrl":297,"featuredImageMetadata":298,"author":299,"categories":301,"relatedPosts":303},"过去12个月下跌48%，SoFi股票能否在2026年交出更好的成绩单？","2026-10-26 12:45:00","SoFi股价一年内下跌了51%。来看看TIKR估值模型对SOFI上行空间的看法，其目标价为到2028年12月达到22美元。",1081,"\u002Fblog\u002Fsofi-stock-valuation-sofi-2026","sofi-stock-valuation-sofi-2026","images\u002FSOFI-stock-@AKKI-from-AKKI-JOHN-via-Canva-@MCCAIG-from-Getty-Images-Signature-via-Canva\u002FSOFI-stock-@AKKI-from-AKKI-JOHN-via-Canva-@MCCAIG-from-Getty-Images-Signature-via-Canva","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793015325\u002Fimages\u002FSOFI-stock-@AKKI-from-AKKI-JOHN-via-Canva-@MCCAIG-from-Getty-Images-Signature-via-Canva\u002FSOFI-stock-@AKKI-from-AKKI-JOHN-via-Canva-@MCCAIG-from-Getty-Images-Signature-via-Canva.png?_i=AA",{"altText":290},{"name":280,"slug":281,"role":169,"roleTitle":170,"biography":170,"avatar":170,"socialMediaLinks":300},[],[302],{"name":285,"slug":286,"uri":287,"description":170,"postsCount":180},[],{"id":180,"title":305,"date":291,"excerpt":306,"wordCount":307,"uri":308,"slug":309,"cloudinaryAssetId":310,"featuredImageOriginalUrl":311,"featuredImageMetadata":312,"author":313,"categories":315,"relatedPosts":317},"过去12个月仅上涨9%，Palantir股票能否在2026年带来更好的回报？","Palantir股价一年来仅上涨4%。查看TIKR估值模型对PLTR上行空间的预测，其目标价至2028年12月将达到529美元。",1024,"\u002Fblog\u002Fpalantir-stock-valuation-pltr-2026","palantir-stock-valuation-pltr-2026","images\u002FPLTR-stock-@surachet_shotivaranon-from-surachetshs-Images-via-Canva-@SORAPOP-UDOMSRI-from-Sorapop-Udomsri-via-Canva_1454044a26c\u002FPLTR-stock-@surachet_shotivaranon-from-surachetshs-Images-via-Canva-@SORAPOP-UDOMSRI-from-Sorapop-Udomsri-via-Canva_1454044a26c","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793003212\u002Fimages\u002FPLTR-stock-@surachet_shotivaranon-from-surachetshs-Images-via-Canva-@SORAPOP-UDOMSRI-from-Sorapop-Udomsri-via-Canva_1454044a26c\u002FPLTR-stock-@surachet_shotivaranon-from-surachetshs-Images-via-Canva-@SORAPOP-UDOMSRI-from-Sorapop-Udomsri-via-Canva_1454044a26c.png?_i=AA",{"altText":305},{"name":280,"slug":281,"role":169,"roleTitle":170,"biography":170,"avatar":170,"socialMediaLinks":314},[],[316],{"name":285,"slug":286,"uri":287,"description":170,"postsCount":180},[],{"id":180,"title":319,"date":320,"excerpt":321,"wordCount":322,"uri":323,"slug":324,"cloudinaryAssetId":325,"featuredImageOriginalUrl":326,"featuredImageMetadata":327,"author":328,"categories":330,"relatedPosts":332},"过去12个月下跌56%，AppLovin股票能否在2026年带来更好回报？","2026-10-26 12:33:00","AppLovin股价在过去一年下跌了60%。来看看TIKR估值模型对APP上行潜力的分析，其给出的目标价为到2028年12月达到366美元。",1139,"\u002Fblog\u002Fapplovin-stock-valuation-app-2026","applovin-stock-valuation-app-2026","images\u002FAPP-stock-@juststock-from-Getty-Images-via-Canva-@maxkabakov-from-Getty-Images-via-Canva_14548356cd2\u002FAPP-stock-@juststock-from-Getty-Images-via-Canva-@maxkabakov-from-Getty-Images-via-Canva_14548356cd2","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793013215\u002Fimages\u002FAPP-stock-@juststock-from-Getty-Images-via-Canva-@maxkabakov-from-Getty-Images-via-Canva_14548356cd2\u002FAPP-stock-@juststock-from-Getty-Images-via-Canva-@maxkabakov-from-Getty-Images-via-Canva_14548356cd2.png?_i=AA",{"altText":319},{"name":280,"slug":281,"role":169,"roleTitle":170,"biography":170,"avatar":170,"socialMediaLinks":329},[],[331],{"name":285,"slug":286,"uri":287,"description":170,"postsCount":180},[]]