ImmunoGen - IMGN Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ImmunoGen in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" IMGN shares.
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5 Wall Street research analysts have issued 1 year target prices for ImmunoGen's stock. Their IMGN share price forecasts range from $5.00 to $18.00. On average, they expect the company's share price to reach $9.80 in the next year. This suggests a possible upside of 102.1% from the stock's current price.
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ImmunoGen's stock was trading at $7.42 at the beginning of the year. Since then, IMGN stock has decreased by 34.6% and is now trading at $4.85.
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The company is scheduled to release its next quarterly earnings announcement on Friday, November 4th 2022.
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ImmunoGen, Inc. (NASDAQ:IMGN) posted its quarterly earnings data on Friday, July, 29th. The biotechnology company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.22) by $0.02. The biotechnology company earned $14.20 million during the quarter, compared to analysts' expectations of $16.18 million. ImmunoGen had a negative net margin of 179.64% and a negative trailing twelve-month return on equity of 67.02%. The business's revenue for the quarter was down 16.0% on a year-over-year basis. During the same period last year, the business earned ($0.15) earnings per share.

ImmunoGen updated its FY 2022 earnings guidance on Friday, August, 5th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $75.00 million-$85.00 million, compared to the consensus revenue estimate of $84.73 million.

16 employees have rated ImmunoGen Chief Executive Officer Mark J. Enyedy on Glassdoor.com. Mark J. Enyedy has an approval rating of 64% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other ImmunoGen investors own include Pfizer (PFE), NVIDIA (NVDA), Micron Technology (MU), Immunomedics (IMMU), Advanced Micro Devices (AMD), AbbVie (ABBV), Gilead Sciences (GILD), OPKO Health (OPK), AT&T (T) and Dynavax Technologies (DVAX).

ImmunoGen trades on the NASDAQ under the ticker symbol "IMGN."

Shares of IMGN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of IMGN stock can currently be purchased for approximately $4.85.

ImmunoGen (NASDAQ:IMGN) has a market capitalization of $1.07 billion and generates $69.86 million in revenue each year. The biotechnology company earns $-139,300,000.00 in net income (profit) each year or ($0.69) on an earnings per share basis.

The company employs 106 workers across the globe.

ImmunoGen's mailing address is 830 WINTER ST, WALTHAM MA, 02451. The official website for the company is www.immunogen.com. The biotechnology company can be reached via phone at (781) 895-0600, via email at courtney.okonek@immunogen.com, or via fax at 781-895-0611.