In a report released today, Geulah Livshits from Chardan Capital reiterated a Buy rating on Iovance Biotherapeutics Inc (IOVA), with a price target of $30. The company’s shares closed on Friday at $15.03.
According to TipRanks.com, Livshits is a 2-star analyst with an average return of 2.8% and a 33.3% success rate. Livshits covers the Healthcare sector, focusing on stocks such as Crispr Therapeutics AG, Intellia Therapeutics, and Editas Medicine Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Iovance Biotherapeutics Inc with a $25.43 average price target, which is a 69.2% upside from current levels. In a report issued on May 8, Cowen & Co. also maintained a Buy rating on the stock.
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Based on Iovance Biotherapeutics Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $36.95 million. In comparison, last year the company had a GAAP net loss of $26.52 million.
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Iovance Biotherapeutics, Inc. operates as a biotechnology company, which 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.
