The Iovance Biotherapeutics Inc (IOVA) share price is expected to increase by 157.87% over the next year. This is based on calculating the average 12-month share price estimate provided by 7 stock analysts who have covered IOVA. Price targets range from $10 at the low end to $34 at the high end. The current analyst consensus for IOVA is a buy. Please note analyst price targets are not guaranteed and could be missed completely.
About 7 Wall Street analysts have assigned IOVA 7 buy ratings, 0 hold ratings, and 0 sell ratings. This means that analysts expect Iovance Biotherapeutics Inc to outperform the market. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on IOVA. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.
These are the latest 20 analyst ratings of IOVA.
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
---|---|---|---|---|
Joseph Pantginis HC Wainwright & Co. | Buy | $32 | Reiterates | Aug 12, 2024 |
Joseph Catanzaro Piper Sandler | Neutral | $10 | Downgrade | Jul 29, 2024 |
Joseph Pantginis HC Wainwright & Co. | Buy | $32 | Reiterates | Jun 28, 2024 |
Reni Benjamin JMP Securities | Market Outperform | $23 | Maintains | Jun 20, 2024 |
Joseph Pantginis HC Wainwright & Co. | Buy | $32 | Reiterates | Jun 3, 2024 |
Joseph Pantginis HC Wainwright & Co. | Buy | $32 | Reiterates | May 31, 2024 |
Joseph Pantginis HC Wainwright & Co. | Buy | $32 | Reiterates | May 24, 2024 |
Joseph Pantginis HC Wainwright & Co. | Buy | $32 | Reiterates | May 10, 2024 |
Joseph Catanzaro Piper Sandler | Overweight | $19 | Maintains | Mar 14, 2024 |
Asthika Goonewardene Truist Securities | Buy | $26 | Maintains | Mar 7, 2024 |
Joseph Pantginis HC Wainwright & Co. | Buy | $32 | Reiterates | Mar 4, 2024 |
Yanan Zhu Wells Fargo | Overweight | $25 | Maintains | Mar 1, 2024 |
Joseph Pantginis HC Wainwright & Co. | Buy | $32 | Reiterates | Feb 29, 2024 |
Peter Lawson Barclays | Overweight | $22 | Maintains | Feb 29, 2024 |
Andrea Tan Goldman Sachs | Buy | $21 | Maintains | Feb 29, 2024 |
Andrea Tan Goldman Sachs | Buy | $19 | Maintains | Feb 21, 2024 |
Andrea Tan Goldman Sachs | Buy | $19 | Maintains | Feb 20, 2024 |
Reni Benjamin JMP Securities | Market Outperform | $25 | Maintains | Feb 20, 2024 |
Geulah Livshits Chardan Capital | Buy | $34 | Maintains | Feb 20, 2024 |
Yanan Zhu Wells Fargo | Overweight | $22 | Maintains | Feb 20, 2024 |
When did it IPO
2017
Staff Count
557
Country
United States
Sector/Industry
Healthcare/Biotechnology
CEO
Dr. Frederick G. Vogt Esq., J.D., Ph.D.
Market Cap
$2.90B
In 2023, IOVA generated $1.2M in revenue, which was a increase of 0.00% from the previous year. This can be seen as a signal that IOVA's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Summary - Iovance Biotherapeutics is preparing to generate significant revenue and is actively working to expand its patient treatment capabilities.
Why It Matters - Iovance Biotherapeutics' plans for revenue generation and expanding patient outreach suggest potential growth, impacting its valuation and attractiveness to investors.
Summary - Iovance Biotherapeutics is expected to take time to achieve profitability, with potential for further medicine approvals before reaching that milestone.
Why It Matters - Delayed profitability may increase financial risk for Iovance Biotherapeutics. Approval in additional markets could boost future revenue potential, influencing stock performance and investment decisions.
Summary - Iovance Biotherapeutics received accelerated approval for its cell therapy, Amtagvi, and has started its rollout, signaling significant growth potential for the company.
Why It Matters - Iovance's accelerated approval for Amtagvi signals potential revenue growth and market expansion, enhancing investor confidence and prospects for stock performance.
Summary - Iovance Biotherapeutics (NASDAQ: IOVA) will have senior leadership presenting at upcoming conferences, focusing on their novel TIL therapies for cancer treatment.
Why It Matters - Iovance's participation in conferences may signal upcoming developments or insights into their TIL therapies, potentially influencing stock performance and investor sentiment.
Summary - Iovance Biotherapeutics is experiencing its first sales growth, while CRISPR Therapeutics has begun generating significant revenue.
Why It Matters - Rising sales for Iovance Biotherapeutics and CRISPR Therapeutics indicate growing market demand, potentially boosting investor confidence and stock valuations in biotech.
Summary - The FDA approved Iovance Biotherapeutics' therapy Amtagvi in February. It is a complex treatment derived from immune cells in tumor biopsies.
Why It Matters - Iovance's FDA approval of Amtagvi could drive stock value higher, signaling potential revenue growth and market confidence in innovative cancer therapies.