In a report released yesterday, Peter Lawson from Barclays maintained a Buy rating on Iovance Biotherapeutics (IOVA – Research Report), with a price target of $22.00. The company’s shares closed yesterday at $17.43.
According to TipRanks, Lawson is a 5-star analyst with an average return of 11.9% and a 48.48% success rate. Lawson covers the Healthcare sector, focusing on stocks such as Arcus Biosciences, Iovance Biotherapeutics, and Exelixis.
Iovance Biotherapeutics has an analyst consensus of Strong Buy, with a price target consensus of $24.75, implying a 42.00% upside from current levels. In a report released today, H.C. Wainwright also reiterated a Buy rating on the stock with a $32.00 price target.
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Based on Iovance Biotherapeutics’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $238 thousand and a GAAP net loss of $106.53 million. In comparison, last year the company had a GAAP net loss of $99.62 million
Based on the recent corporate insider activity of 17 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of IOVA in relation to earlier this year.
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Iovance Biotherapeutics (IOVA) Company Description:
Iovance Biotherapeutics, Inc. operates as a biotechnology company. The firm engages in the development and commercialization of novel cancer immunotherapy products. Its lead product candidate, LN-144 for metastatic melanoma, is an autologous adoptive cell therapy utilizing tumor-infiltrating lymphocytes, or TIL, which are T cells derived from patients’ tumors. The company was founded by Robert T. Brooke on September 17, 2007 and is headquartered in San Carlos, CA.
Read More on IOVA:
- Iovance Biotherapeutics Reports Fourth Quarter and Full Year 2023 Financial Results and Corporate Updates
- IOVA Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Insiders Pour Millions Into These 2 Buy-Rated Stocks; Here’s Why You Might Want to Follow Their Lead
- Biotech Alert: Searches spiking for these stocks today
- Iovance Biotherapeutics call volume above normal and directionally bullish
