These Analysts Increase Their Forecasts On Immunovant After Q4 Results

Benzinga Earnings
05/22

Immunovant Inc (NASDAQ:IMVT) on Wednesday posted a wider fourth‑quarter loss than analysts expected.

The company reported a quarterly loss of 73 cents per share, falling short of the 60 cents consensus estimate.

Research and development spending rose to $142.3 million for the quarter, driven by IMVT‑1402 trial activity and $39 million in costs tied to discontinuing batoclimab. Non‑GAAP R&D expenses for the full fiscal year reached $426.9 million, up from $333.9 million the prior year.

Immunovant shares fell 5% to trade at $33.76 on Thursday.

These analysts made changes to their price targets on Immunovant following earnings announcement.

  • HC Wainwright & Co. analyst Douglas Tsao maintained Immunovant with a Buy and raised the price target from $35 to $40.
  • B of A Securities analyst Jason Gerberry maintained the stock with a Buy and raised the price target from $32 to $43.

Considering buying IMVT stock? Here’s what analysts think:

Photo via Shutterstock

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10