In a report released today, Debjit Chattopadhyay from H.C. Wainwright maintained a Buy rating on ImmunoGen (IMGN), with a price target of $4. The company’s shares opened today at $2.16, close to its 52-week low of $2.07.
According to TipRanks.com, Chattopadhyay is a 2-star analyst with an average return of 0.3% and a 43.1% success rate. Chattopadhyay covers the Healthcare sector, focusing on stocks such as Global Blood Therapeutics, Voyager Therapeutics Inc, and Autolus Therapeutics Plc.
Currently, the analyst consensus on ImmunoGen is a Moderate Buy with an average price target of $5.50, representing a 154.6% upside. In a report issued on April 30, William Blair also reiterated a Buy rating on the stock.
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The company has a one-year high of $12.31 and a one-year low of $2.07. Currently, ImmunoGen has an average volume of 3.64M.
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ImmunoGen, Inc. is a biotechnology company, which engages in discovering and developing antibody-drug conjugate therapies that meaningfully improve the lives of people with cancer. Its product candidates include Mirvetuximab soravtansine, Coltuximab ravtansine, IMGN7779 and IMGN632. The company was founded in March 1981 and is headquartered in Waltham, MA.
