AZN - This Pharma Stock Is Poised to Keep Outperforming the S&P 500
2024-05-30 07:00:00 ET
AstraZeneca (NASDAQ: AZN) , recognized as the world's sixth-largest pharmaceutical entity by market capitalization, made a bold proclamation in May 2014. The company set an ambitious goal of achieving annual revenue exceeding $45 billion by 2023.
This target was met with skepticism by Wall Street and dismissed as excessively optimistic. Contrary to these doubts, however, AstraZeneca realized this revenue milestone and surpassed the S&P 500 in total returns, including dividends, within the same time frame.
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This Pharma Stock Is Poised to Keep Outperforming the S&P 500