H.C. Wainwright analyst Robert Burns reiterated a Buy rating on IGM Biosciences (NASDAQ:IGMS) Inc on Monday, setting a price target of $88, which is approximately 85.61% above the present share price of $47.41.
Burns expects IGM Biosciences Inc to post earnings per share (EPS) of -$0.62 for the fourth quarter of 2020.
The current consensus among 2 TipRanks analysts is for a Moderate Buy rating of shares in IGM Biosciences, with an average price target of $84.5.
The analysts price targets range from a high of $88 to a low of $81.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $0 and a net profit of -$19.41 million. The company's market cap is $1.46 billion.
According to TipRanks.com, H.C. Wainwright analyst Robert Burns is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 46.6% and a 71.05% success rate.
IGM Biosciences, Inc. operates as a biotechnology company which develops antibodies for the treatment of cancer. It offers IgM platform to expand upon the inherent properties of IgM antibodies and to allow for the rapid development of engineered therapeutic antibodies. The company was founded in 2010 and is headquartered in Mountain View, CA.