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November 1st, 2023 | 06:10 CET

More than 300% share price opportunity: BioNTech, Morphosys and Cardiol Therapeutics

  • Biotechnology
  • CBD
Photo credits: BASF SE

Study results, along with acquisitions by Big Pharma, are the drivers of biotech company share prices. However, in the current challenging stock market environment, even positive data can be overlooked. But this opens up opportunities for investors with a little more staying power. Sooner or later, the information is recognized, and stock prices rise, or a pharmaceutical giant makes a move. At BioNTech, for example, the price reaction to the long-awaited news from the cancer pipeline has failed to materialize. Analysts are also cautious. Cardiol Therapeutics is a different story. The Canadians have taken on the fight against heart disease and are making significant progress in their research. The share had more than doubled to EUR 1.08 by the summer. Several analysts see the current setback as a buying opportunity. Experts are also giving the thumbs up to German biotech pioneer Morphosys.

time to read: 3 minutes | Author: Fabian Lorenz

Table of contents:

    Cardiol Therapeutics: Deep pockets and 300% potential

    Both the analysts at Canada's Leede Jones Gable and Germany's First Berlin see more than 300% upside potential for Cardiol Therapeutics' stock. Leede Jones Gable has set a price target of USD 3.25, while their counterparts in Berlin have set a price target of EUR 3.30. The biotech share is currently trading at USD 0.80.

    In recent weeks, there has been a positive news flow. Most recently, positive results were reported for cannabidiol, the active pharmaceutical ingredient in Cardiol's innovative CRD-38 formulation. It is administered subcutaneously and slows the increase in body and heart weight. It also prevented increases in key cardiac inflammatory and remodeling markers in heart failure. This implies new therapeutic potential for CRD-38 in heart failure.

    Analysts at Leede Jones Gable commented: "Although Cardiol is further advanced in testing the anti-inflammatory cardiovascular activity of CBD in two other medical markets, the Company's progress in testing a subcutaneously injectable formulation of this viscous hydrophobic agent is equally integral to our CRDL investment thesis. We attribute tangible market value to diastolic heart failure as an addressable cardiovascular market for the Company." Cardiol is also advancing in the development of CardiolRx™ for the treatment of recurrent pericarditis (RP) - inflammation of the pericardium - and acute myocarditis (AM) - inflammation of the heart muscle. First Berlin analysts expect positive news from this area before the end of the year. By then, at the latest, the consolidation of the share should be over.

    BioNTech: Buy or Hold?

    Those who had hoped that the positive news from BioNTech's cancer pipeline would ensure a sustained positive share price reaction were caught off guard. The joy lasted only a few days. In the meantime, the share has fallen back below EUR 90. Analysts are also surprisingly calm, and the COVID-19 vaccine still dominates discussions. From JPMorgan's point of view, the BioNTech share is currently not a buy. Uncertainty about future revenues from the COVID-19 vaccine and the value of the product pipeline leaves little room for the stock. Thus, JPMorgan's price target for BioNTech is USD 106.

    UBS's price target is significantly higher. Their analysts believe that the BioNTech share is worth USD 153. Given the current price, however, it is surprising that the recommendation is still only "Neutral". It seems that there is some uncertainty even within their own analysis. For Jefferies, Deutsche Bank, Morgan Stanley and Goldman Sachs, the BioNTech share is currently also only a hold position.

    Morphosys: Buy or sell?

    At Morphosys, analysts are currently in the bull camp. After all, the shares of the German biotech pioneer have gained more than 100% this year and are hovering around EUR 30. JPMorgan still sees a 20% upside. Sales of the blood cancer drug Monjuvi in the USA are exceeding expectations. This increases the chance that the annual target could be too low. For now, the analysts have not raised their estimates, and the price target remains at EUR 36. UBS recommends the Morphosys share with a "Buy", and a price target of EUR 45. According to UBS analysts, Monjuvi's sales are in line with expectations.

    The analysts at Deutsche Bank were not yet convinced by the preliminary figures for the third quarter. They hope for more details in the final quarterly report and left their rating of the Morphosys share at "Hold". The price target is EUR 25, even slightly below the current level.

    Biotech stocks are currently facing challenges, with even positive news having little impact on their prices. Analysts are also cautious about BioNTech and Morphosys. Experts see more upside potential for newcomer Cardiol Therapeutics. If First Berlin is right and there is more positive news soon, then buying Cardiol Therapeutics may prove to be a worthwhile investment.

    Conflict of interest

    Pursuant to §85 of the German Securities Trading Act (WpHG), we point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH (hereinafter referred to as "Relevant Persons") may hold shares or other financial instruments of the aforementioned companies in the future or may bet on rising or falling prices and thus a conflict of interest may arise in the future. The Relevant Persons reserve the right to buy or sell shares or other financial instruments of the Company at any time (hereinafter each a "Transaction"). Transactions may, under certain circumstances, influence the respective price of the shares or other financial instruments of the Company.

    In addition, Apaton Finance GmbH is active in the context of the preparation and publication of the reporting in paid contractual relationships.

    For this reason, there is a concrete conflict of interest.

    The above information on existing conflicts of interest applies to all types and forms of publication used by Apaton Finance GmbH for publications on companies.

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    Der Autor

    Fabian Lorenz

    For more than twenty years, the Cologne native has been intensively involved with the stock market, both professionally and privately. He is particularly passionate about national and international small and micro caps.

    About the author

    Related comments:

    Commented by Fabian Lorenz on November 30th, 2023 | 07:10 CET

    Biotech Alert! Morphosys, Bayer, BioNTech and Defence Therapeutics

    • Biotechnology
    • Pharma

    Morphosys is not for the faint-hearted. After unclear study results, the stock gave up its annual gains within a few days. Analysts are also divided on what the future holds. On December 10, the study details will be released, hopefully shedding light on the situation. Bayer shareholders are currently seeing dark clouds. The stock plummeted from EUR 40 to EUR 30 in a short time. Is the dividend now at risk, or is the entire company in jeopardy? There is a slew of positive news for Defence Therapeutics. Can the stock break out of its sideways trend? A potential partner for the Canadians could be BioNTech. The German biotech favourite is working with full coffers on cancer vaccines. However, analysts remain cautious.


    Commented by Armin Schulz on November 29th, 2023 | 06:30 CET

    MorphoSys, Cardiol Therapeutics, Bayer - Where will the rebound start first?

    • Biotechnology
    • Pharma

    2023 was a challenging year for pharmaceutical and biotech companies. After the boom years of the Corona pandemic, many companies went into a tailspin. But not just vaccine manufacturers were hit; others were dragged down too. The markets are currently volatile. MorphoSys has seen a peak gain of 145% since the beginning of the year - but is currently only up 35%. Cardiol Therapeutics has also gained over 140% and has recently consolidated. The share is currently up 74% since the beginning of the year. Only Bayer's performance curve is pointing downwards. The share is currently worth 34% less than on January 2. We look at where the rebound will start first after the consolidations.


    Commented by Fabian Lorenz on November 23rd, 2023 | 07:40 CET

    Buy now? Morphosys, Siemens Energy and Desert Gold share

    • Mining
    • Gold
    • renewableenergies
    • Biotechnology

    What do renewable energies, biotech and gold have in common? Shares from these sectors have predominantly experienced significant losses in 2023. Morphosys, Siemens Energy and Desert Gold are examples of this. However, the underperformers in the current year are often among the top performers in the upcoming year. Can this apply to these three shares? In the case of Morphosys, the latest study data has been confusing, and the share has given back its gains of the year. Analysts are now expressing their views. Siemens Energy has lost over 30% of its value due to operational problems, and the price targets of the experts vary widely. Explorer Desert Gold has been quiet recently. Is it the calm before a price jump? In any case, the share is anything but expensive.