Iovance Biotherapeutics (NASDAQ:IOVA) had its target price raised by research analysts at Jefferies Group to $31.00 in a report issued on Friday, February 9th. The firm currently has a “buy” rating on the biotechnology company’s stock. Jefferies Group’s price objective suggests a potential upside of 72.70% from the stock’s current price.
IOVA has been the topic of a number of other reports. Oppenheimer set a $13.00 price objective on Iovance Biotherapeutics and gave the stock a “buy” rating in a research note on Tuesday, October 31st. HC Wainwright set a $22.00 price objective on Iovance Biotherapeutics and gave the stock a “buy” rating in a research note on Thursday, February 8th. Zacks Investment Research upgraded Iovance Biotherapeutics from a “hold” rating to a “buy” rating and set a $9.00 price objective on the stock in a research note on Wednesday, January 3rd. B. Riley restated a “buy” rating and set a $18.00 price target on shares of Iovance Biotherapeutics in a research note on Thursday, January 25th. Finally, BidaskClub lowered Iovance Biotherapeutics from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 6th. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Iovance Biotherapeutics has an average rating of “Buy” and a consensus price target of $18.75.
Shares of Iovance Biotherapeutics (NASDAQ:IOVA) opened at $17.95 on Friday. Iovance Biotherapeutics has a 12-month low of $4.45 and a 12-month high of $18.30. The firm has a market capitalization of $1,525.72, a PE ratio of -13.81 and a beta of 5.89.
TRADEMARK VIOLATION NOTICE: “Jefferies Group Raises Iovance Biotherapeutics (NASDAQ:IOVA) Price Target to $31.00” was originally reported by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this article on another publication, it was illegally copied and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this article can be accessed at https://stocknewstimes.com/2018/02/19/iovance-biotherapeutics-iova-price-target-raised-to-31-00.html.
About Iovance Biotherapeutics
Iovance Biotherapeutics, Inc, formerly Lion Biotechnologies, Inc, is a clinical-stage biopharmaceutical company. The Company is focused on the development and commercialization of cancer immunotherapy products designed to harness the power of a patient’s own immune system to eradicate cancer cells. The Company’s lead program is an adoptive cell therapy utilizing tumor-infiltrating lymphocytes, which are T cells derived from patients’ tumors, for the treatment of metastatic melanoma.
Receive News & Ratings for Iovance Biotherapeutics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Iovance Biotherapeutics and related companies with MarketBeat.com's FREE daily email newsletter.