Immatics N.V. (IMTX) stock surged 5.80% in after-hours trading on Monday, following an analyst upgrade from Goldman Sachs. Analyst Rajan Sharma initiated coverage on Immatics with a Buy rating and set a price target of $13.50 per share, implying significant upside from current levels.
Sharma cited Immatics' promising pipeline of immunotherapies and innovative technologies as key reasons for the bullish outlook. The analyst believes the company's ACTengine platform could drive success in developing novel treatments for solid tumors, a major unmet medical need.
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