Vaxcyte, Inc. (PCVX) Stock Price & Analysis
Vaxcyte, Inc. (PCVX) closed at USD 62.85 on Thursday, October 22, 2026, down 0.60% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 63.23; the Oct 22, 2026 session ranged USD 61.56–64.58 on volume of 2,771,276 shares. Market capitalization is $9.89B, with a 52-week range of USD 39.87–90.75 (NMS). Source: Nexqual, retrieved October 23, 2026 at 09:59 UTC.
Also available as compact Markdown for AI agents: nexqual.com/PCVX.md
Key facts (PCVX)
- 1 of 80 tracked superinvestors hold PCVX (13F, Q2 2026): 0 new, 1 added, 0 reduced, 0 unchanged.
- Analysts: Buy (mean 2.00 on a 1–5 scale) (11 analysts), mean target USD 117.3 (range 75–163).
- Total return with dividends: 1Y +51.1% vs S&P 500 +14.9%; 5Y +176.8% vs S&P 500 +80.3%.
- Next earnings: 2026-11-03, EPS estimate USD -2.11, revenue estimate $0K.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (PCVX)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Operating income | -$104M | -$232M | -$468M | -$570M | -$924M | -$1.17B |
| Net income | -$100M | -$223M | -$402M | -$464M | -$767M | -$1.06B |
| EPS (diluted) | -$1.93 | -$3.44 | -$4.14 | -$3.80 | -$5.63 | — |
| Free cash flow | -$128M | -$176M | -$313M | -$475M | -$669M | -$894M |
| Cash + short-term investments | $246M | $931M | $1.08B | $1.75B | $1.56B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (PCVX)
P/B 3.6x · FCF yield -9.04% · Earnings yield -10.76%
Superinvestors (SEC 13F-HR, Q2 2026) (PCVX)
1 of 80 tracked investors hold PCVX. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Lee Ainslie | Maverick Capital | 0.85% | $93.8M | Added +17.1% |
Analysts (PCVX)
Consensus Buy (mean 2.00 on a 1–5 scale), 11 analysts; mean target USD 117.3 (low 75, high 163).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-12 | Cantor Fitzgerald | Reiterated | Overweight | $120 |
| 2026-10-05 | BTIG | Reiterated | Buy | $89 |
| 2026-10-05 | Needham | Target raised | Buy | $110 → $122 |
| 2026-10-05 | Guggenheim | Target raised | Buy | $116 → $125 |
| 2026-09-28 | B of A Securities | Target lowered | Buy | $133 → $130 |
| 2026-09-25 | Needham | Reiterated | Buy | $110 |
Total return (dividends reinvested) (PCVX)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +51.1% | +176.8% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +51.3% | +22.5% |
| Volatility (annualized) | 53.6% | 68.9% |
| Max drawdown | -27.9% (Feb 2026→Jun 2026) | -74.2% (Sep 2024→Aug 2025) |
PCVX suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | Lonza | “We have access to substantial manufacturing resources through our contract manufacturer, Lonza, that we believe can facilitate an independent path to market.” |
| Supplier | Thermo Fisher (TMO) | “In September 2025, we entered into a master services agreement with Thermo Fisher, pursuant to which Thermo Fisher will formulate, fill, inspect, package, label, test, manufacture and supply drug product for us at Thermo Fisher's facility in Greenville, North Carolina (the "Thermo Fisher Commercial Manufacturing and Supply Agreement").” |
| Supplier | Patheon Manufacturing Services | “In September 2025, we also entered into a master services agreement with Patheon Manufacturing Services LLC, part of Thermo Fisher Scientific (collectively, "Thermo Fisher"), pursuant to which Thermo Fisher will commercially manufacture and supply drug product for our PCV candidates, if approved (the "Thermo Fisher Commercial Manufacturing and Supply Agreement").” |
| Partner | SUTRO BIOPHARMA, INC. (STRO) | “In November 2023, we entered into a manufacturing rights agreement with Sutro Biopharma, Inc ("Sutro Biopharma") to obtain control over the development and manufacture of cell-free extract, a key component of our PCV franchise.” |
| Competitor | Pfizer (PFE) | “The vaccine market is intensely competitive and is dominated by a small number of multinational, globally established pharmaceutical corporations with significant resources; in recent history, Pfizer, Merck, GSK plc ("GSK") and Sanofi have been responsible for developing and introducing most new vaccines to the world.” |
| Competitor | Merck (MRK) | “The vaccine market is intensely competitive and is dominated by a small number of multinational, globally established pharmaceutical corporations with significant resources; in recent history, Pfizer, Merck, GSK plc ("GSK") and Sanofi have been responsible for developing and introducing most new vaccines to the world.” |
Quoted from the company's 10-K filed Feb 24, 2026.
Companies that name PCVX in their SEC reports
| Relationship to PCVX | Company | Filing | Sentence |
|---|---|---|---|
| partner | SUTRO BIOPHARMA, INC. (STRO) | 10-K Mar 23, 2026 | “Under the license agreement, Vaxcyte has the right to use the XpressCF® and XpressCF+® platforms to discover and develop vaccine candidates for the treatment or prophylaxis of infectious diseases.” |
PCVX company outlook (results filed Aug 5, 2026)
- “EX-99.1 2 pcvx-20260805xexx991.htm EX-99.1 Document Exhibit 99.1 Vaxcyte Reports Second Quarter 2026 Financial Results and Provides Business Update Topline Safety, Tolerability and Immunogenicity Data from VAX-31 Adult Phase 3 OPUS-1 Trial Expected in Fourth Quarter of 2026;”
- “Topline Data Expected in Second Half of 2027 Approximately $2.5 Billion in Cash, Cash Equivalents and Investments as of June 30, 2026 SAN CARLOS, Calif., August 5, 2026 – Vaxcyte, Inc.”
- “Topline Data from OPUS-1 Expected in Fourth Quarter 2026: All three ongoing VAX-31 Phase 3 clinical trials (OPUS-1, OPUS-2 and OPUS-3) are fully enrolled with 6,191 adults dosed in total, approximately 3,500 of whom received VAX-31.”
- “The Stage 2 portion of the study is expected to proceed contingent upon the Data Safety Monitoring Board's approval following the review of unblinded Stage 1 safety and tolerability data.”
Quoted word-for-word from the SEC 8-K results press release.
PCVX analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $-2.11 | $-2.16 | -2.5% | $0 | 7 |
| Next quarter (ends Dec 2026) | $-1.96 | $-2.12 | -7.5% | $0 | 7 |
| Current fiscal year (ends Dec 2026) | $-8.14 | $-8.48 | -4.0% | $0 | 7 |
| Next fiscal year (ends Dec 2027) | $-7.12 | $-7.42 | -4.1% | $87.1M | 7 |
PCVX options: expected move
Options price a move of about ±12.0% (±$7.50) by Nov 20, 2026, which includes earnings on Nov 3, 2026. Over the last 8 reports the stock moved ±6.3% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 51.0% | ±12.0% |
| Dec 18, 2026 | 56 | 53.9% | ±17.5% |
| Jan 15, 2027 | 84 | 51.5% | ±20.3% |
| Apr 16, 2027 | 175 | 54.0% | ±30.2% |
| Jul 16, 2027 | 266 | 55.0% | ±37.7% |
30-day implied volatility 53.6% vs 96.6% realized over the last 30 trading days. Put/call ratio (volume) 0.49. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:59 UTC)
| Price | USD 62.85 |
|---|---|
| Change | ▼ 0.60% (down) |
| Previous Close | USD 63.23 |
| Open | USD 62.96 |
| Day Range | USD 61.56 – 64.58 |
| 52-Week Range | USD 39.87 – 90.75 |
| Volume | 2,771,276 shares |
| Market Cap | $9.89B |
| Exchange | NMS |
Technical Analysis (PCVX)
Nexqual's technical model rates PCVX "BUY" based on 4 bullish and 2 bearish signals across 127 daily candles, as of October 23, 2026 at 09:59 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 48.37 (neutral) |
| vs SMA50 | Above (USD 61.49) |
| MACD | 1.19 (positive) |
Analyst Ratings (PCVX)
Wall Street analysts rate PCVX "Buy" based on 11 analysts, with a mean price target of USD 117.3 (range USD 75–163), per Nexqual as of October 23, 2026 at 09:59 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 11 |
| Mean Target | USD 117.3 |
| High Target | USD 163 |
| Low Target | USD 75 |
| Buy / Hold / Sell | 10 / 1 / 0 |
Earnings (PCVX)
| Next Earnings Date | 2026-11-03 |
|---|---|
| EPS Estimate | USD -2.11 |
| Revenue Estimate | $0 |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD -1.97 vs est -2.1 ▲ beat |
| 2026-03-31 | USD -2.3 vs est -1.77 ▼ miss |
| 2025-12-31 | USD -1.8 vs est -1.5 ▼ miss |
| 2025-09-30 | USD -1.56 vs est -1.24 ▼ miss |
Source: Nexqual, October 23, 2026 at 09:59 UTC.
Financials & Fundamentals (PCVX)
| Gross Margin | +0.00% |
|---|---|
| Operating Margin | +0.00% |
| Profit Margin | +0.00% |
| ROE | -36.51% |
| Debt / Equity | 0.04 |
| Current Ratio | 5.72 |
| Total Cash | $1.49B |
| Total Debt | $115.44M |
Source: Nexqual, October 23, 2026 at 09:59 UTC.
Financial Health Score (PCVX)
Nexqual rates Vaxcyte, Inc.'s overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 09:59 UTC.
| Growth | Mixed — No data |
|---|---|
| Profitability | Weak — Pre-revenue or very early stage |
| Balance Sheet | Strong — $1.49B cash vs $115M debt, net cash position |
| Cash Flow | Weak — Operating cash flow -$656M (FY ended Dec 2025, 10-K) |
| Efficiency | Critical — ROE -37%, ROA -22.6% |
Ownership (PCVX)
| Insider Ownership | +0.49% |
|---|---|
| Institutional Ownership | +110.86% |
| Shares Outstanding | 157.39M |
| Float | 137.11M |
| Short % of Float | +11.68% |
Source: Nexqual, October 23, 2026 at 09:59 UTC.
Leadership (PCVX)
Vaxcyte, Inc. is led by Grant E. Pickering, Co-Founder, CEO & Director, per Nexqual as of October 23, 2026 at 09:59 UTC.
| Co-Founder, CEO & Director | Grant E. Pickering |
|---|---|
| President & CFO | Andrew L. Guggenhime |
| Executive VP, Chief Scientific Officer & COO | James T. Wassil M.B.A., M.S. |
| Executive Director of Investor Relations | Jeff Macdonald |
| Senior Vice President of Corporate Affairs | Janet Graesser |
Major Backers & Investors (PCVX)
Notable institutional backers of Vaxcyte, Inc. include FMR, LLC, Jupiter Topco LLC, T. Rowe Price, according to Nexqual as of October 23, 2026 at 09:59 UTC.
Active Investors
| Investor | Stake |
|---|---|
| FMR, LLC | 14.01% |
| Jupiter Topco LLC | 12.07% |
| T. Rowe Price | 8.2% |
| RA Capital Management, L.P. | 7.71% |
| Wellington Management | 4.71% |
| JANUS INVESTMENT FUND-Janus Henderson Forty Fund | 3.33% |
| Deep Track Capital, Lp | 2.89% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 8.7% |
| BlackRock | 8.11% |
| State Street | 3.6% |
Source: Nexqual, October 23, 2026 at 09:59 UTC.
From Vaxcyte, Inc.'s Latest SEC 10-K Filing (filed 2026-02-24)
Key Strengths & Strategy (as disclosed to the SEC)
- The vaccines to prevent RSV from Pfizer and GSK that were approved by the FDA in May 2023, and from Moderna that was approved by the FDA in May 2024, generated approximately $1.8 billion in global sales in 2025.
- In that study, the OPA responses directed against the polysaccharides of interest for all thirteen of the common strains were lower for PCV20 (Figure 6). 1 IgG Geometric Mean Concentrations post-dose 4 – Prevnar 20 Biologics License Application ("BLA") Clinical Review Memorandum by FDA (STN: 125731/189).
- In contrast, the precision and flexibility of cell-free protein expression, together with our ability to insert nnAAs, allow us to construct our proprietary enhanced protein carrier ("eCRM") with pre-determined conjugation sites.
- Unlike conventional cell-based approaches, our system for producing difficult-to-make proteins and antigens is intended to develop and deliver high-fidelity vaccines with enhanced immunological benefits that are beyond the capabilities of conventional approaches.
Partnerships
- In October 2023, to complement this plan, we entered into a new commercial manufacturing agreement with Lonza to support the potential global commercialization of our PCV candidates in both the adult and pediatric populations.
- In November 2023, we entered into a manufacturing rights agreement with Sutro Biopharma, Inc ("Sutro Biopharma") to obtain control over the development and manufacture of cell-free extract, a key component of our PCV franchise.
Legal & Regulatory Risks (Item 1A, quoted)
- The FDA regulatory approval process is lengthy and time-consuming, and we may experience significant delays in the clinical development and regulatory approval of our vaccine candidates.
- We could also experience delays if physicians encounter unresolved ethical issues associated with enrolling patients in clinical trials of our vaccine candidates in lieu of using existing vaccines that have established safety and immunogenicity or efficacy profiles.
- The FDA may disagree with our regulatory plan, and we may fail to obtain regulatory approval of our vaccine candidates.
- We may seek Accelerated Approval from the FDA for our vaccine candidates and, if granted, the FDA may require us to perform post-marketing studies as a condition of approval to verify and describe the predicted effect on irreversible morbidity or mortality or other clinical endpoints.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| TWST | Twist Bioscience Corporation | USD 135.47 | ▼ 9.16% |
| KRYS | Krystal Biotech, Inc. | USD 320.13 | ▼ 0.63% |
| MDGL | Madrigal Pharmaceuticals, Inc. | USD 453.34 | ▼ 1.01% |
| BMRN | BioMarin Pharmaceutical Inc. | USD 56.63 | ▲ 2.57% |
| KYMR | Kymera Therapeutics, Inc. | USD 110.85 | ▼ 1.58% |
| IBRX | ImmunityBio, Inc. | USD 8.31 | ▼ 3.82% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:59 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt