Where is Merck & Co., Inc. (MRK) Headed According to the Street?

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Merck & Co., Inc. (NYSE: MRK) has been upgraded to Buy by Deutsche Bank with a raised price target of $150, as the firm believes the market undervalues the company despite the looming Keytruda patent cliff. The analysis projects a clear path for growth beyond Keytruda, with a trough earnings “formation at hand.” Additionally, Merck announced FDA approval for KEYTRUDA® and KEYTRUDA QLEX™ for treating specific platinum-resistant epithelial ovarian, fallopian tube, or primary peritoneal carcinoma, marking the first and only PD-1 inhibitors approved for this condition.

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