Iovance Biotherapeutics Inc

Iovance Biotherapeutics Inc Stock Forecast & Price Prediction

Live Iovance Biotherapeutics Inc Stock (IOVA) Price
$9.47

7

Ratings

  • Buy 7
  • Hold 0
  • Sell 0
Disclaimer : Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance. This information is for educational purposes only and should not be construed as advice to buy or sell any security.

Stock Price

$9.47

P/E Ratio

-5.01

Volume Traded Today

$4.5M

Dividend

Dividends not available for IOVA

52 Week High/low

18.33/3.21

Iovance Biotherapeutics Inc Market Cap

$2.90B

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IOVA Summary

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.

IOVA Analyst Ratings

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.

IOVA stock forecast by analyst

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

IOVA Company Information

What They Do: Develops cell therapies for cancer treatment.

Business Model: The company generates revenue by developing and commercializing innovative cell therapies, specifically targeting metastatic melanoma and other solid tumors. Its primary products include Amtagvi and Proleukin, along with a pipeline of therapies in various stages of clinical development, leveraging collaborations and licensing agreements with renowned institutions and pharmaceutical companies.

Other Information: Iovance Biotherapeutics is a commercial-stage biotechnology firm founded in 2007 and is headquartered in San Carlos, California. The company aims to address unmet medical needs in cancer treatment and has a diverse portfolio of therapies, including ongoing clinical trials for advanced melanoma and other cancers.
IOVA
Iovance Biotherapeutics Inc (IOVA)

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

Iovance Biotherapeutics Inc (IOVA) Financial Data

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

$0

Revenue From 2021

$0

0.00 %
From Previous Year

Revenue From 2022

$0

0.00 %
From Previous Year

Revenue From 2023

$1.2M

0.00 %
From Previous Year
  • Revenue TTM $32.8M
  • Operating Margin TTM -327.6%
  • Gross profit TTM $-9,566,000
  • Return on assets TTM -33.3%
  • Return on equity TTM -65.4%
  • Profit Margin -804.5%
  • Book Value Per Share 2.59%
  • Market capitalisation $2.90B
  • Revenue for 2021 $0
  • Revenue for 2022 $0
  • Revenue for 2023 $1.2M
  • EPS this year (TTM) $-1.67

Iovance Biotherapeutics Inc (IOVA) Latest News

News Image

Thu, 26 Sep 2024

Sentiment - POSITIVE

Source - The Motley Fool

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.

News Image

Mon, 16 Sep 2024

Sentiment - POSITIVE

Source - The Motley Fool

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.

News Image

Fri, 06 Sep 2024

Sentiment - NEUTRAL

Source - The Motley Fool

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.

News Image

Tue, 03 Sep 2024

Sentiment - NEUTRAL

Source - GlobeNewsWire

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.

News Image

Mon, 02 Sep 2024

Sentiment - POSITIVE

Source - The Motley Fool

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.

News Image

Tue, 27 Aug 2024

Sentiment - POSITIVE

Source - The Motley Fool

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.

...

IOVA Frequently asked questions

The highest forecasted price for IOVA is $34 from Colleen Kusy at Baird.

The lowest forecasted price for IOVA is $10 from Joseph Catanzaro from Piper Sandler

The IOVA analyst ratings consensus are 7 buy ratings, 0 hold ratings, and 0 sell ratings.