Here's Why I Wouldn't Touch Moderna With a 10?Foot Pole Until Its Next Growth Engine Is Clear

2026-02-23 09:20:00 ET

Moderna (NASDAQ: MRNA) became a household name during the coronavirus pandemic. There's a good reason for that: Its mRNA technology enabled the rapid development of a vaccine. The financial benefit of that success for Moderna was huge, but what comes next?

The onset of the COVID-19 pandemic was a global event and a material shock to the world's healthcare system. Moderna used its mRNA technology to help develop a vaccine in record time. The company's reward was a massive revenue spike, with its sales jumping from roughly $60 million in 2020 to over $19 billion in 2023.

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