Merck Is The Only Healthcare Stock You Need To Own: 50% Upside
Shares of Merck still have so much room to run. Its the only stock you need to own in healthcare because of one word: Keytruda. This blockbuster drug continues to surpass analyst estimates and that trend will continue as Keytruda secures new cancer indications. The first price objective for Merck is $128, which represents 50% upside from today's price. The stock is approaching its dot-com era high, and applying fibonacci extension levels from the 2000 high to the 2009 low illustrate clear price objectives for Merck. After $128, its $190 (+123%) and $295 (+247%).