IGM Biosciences Stock Target Price and Analyst Consensus

IGMS Stock  USD 10.43  0.97  10.25%   
The current analyst and expert consensus on IGM Biosciences is Buy with 4 hold recommendations. The current projected IGM Biosciences target price consensus is 22.09 with 10 analyst opinions. One of the most common ways IGM Biosciences analysts use to provide buy-or-sell recommendation to the public are conference calls analysis and financial statements evaluations. Some experts can also talk to IGM Biosciences vendors, executives, and/or customers. IGM Biosciences recommendation module provides expert sentiment on the projected IGM Biosciences target price to derive its highest and lowest estimates based on target price standard deviation of 7.4804.
Lowest Forecast
20.1
Highest Forecast
24.52
Target Price
22.09
Gross Profit is likely to drop to about (6.5 M) in 2024. Pretax Profit Margin is likely to drop to -121.14 in 2024. At this time, IGM Biosciences' Other Stockholder Equity is comparatively stable compared to the past year. Total Liabilities is likely to gain to about 231.2 M in 2024, whereas Total Current Liabilities is likely to drop slightly above 23.7 M in 2024.
  
It's important to approach IGM Biosciences' target price projections with caution. While they can be useful as part of a broader investment strategy, they are inherently speculative and subject to various kinds of risk, including market volatility and unforeseen external factors. Always consider multiple aspects and do your own research when making investment decisions.
Analysts determine stock price targets through various methods, including financial modeling, peer comparison, and company analysis. The stock price target is the analyst's best estimate of the future price of a stock and is used by investors to make investment decisions. However, it is important to note that stock price targets are not guaranteed, and the actual price of a stock can differ significantly from the target due to various factors such as market conditions, economic events, and company developments.

Steps to utilize IGM Biosciences price targets

IGM Biosciences' stock target price is an estimate of its future price, usually made by analysts. Using IGM Biosciences' target price to determine if it is a suitable investment can be done through the following steps:
  • Look at IGM Biosciences' target prices provided by various analysts and compare them. This can help you gain a more balanced view of the Stock's potential.
  • Look at the analyst's track record to determine if they have a history of accurately predicting stock prices.
  • Look at the Company's financials, including revenue, earnings, and debt, to determine if it is in good financial health.
  • Consider market conditions. For example, take into account the state of the economy, competition, and regulatory environment, to determine if IGM Biosciences' stock is likely to perform well.
  • Diversify your portfolio and do not rely solely on stock target prices to make investment decisions. Invest in a mix of stocks, bonds, and other assets to manage risk.
Remember that stock target prices are just estimates and are subject to change. Therefore, using them as one factor in a larger investment strategy is essential rather than relying solely on them to make decisions.

Additional IGM Biosciences Value Projection Modules

Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of IGM Biosciences is a key component of IGM Biosciences valuation and have some predictive power on the future returns of a IGM Biosciences.
Hype
Prediction
LowEstimatedHigh
2.8710.3517.83
Details
Intrinsic
Valuation
LowRealHigh
5.7513.2320.71
Details
Earnings
Estimates (0)
LowProjected EPSHigh
-0.85-0.83-0.81
Details

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Additional Tools for IGM Stock Analysis

When running IGM Biosciences' price analysis, check to measure IGM Biosciences' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy IGM Biosciences is operating at the current time. Most of IGM Biosciences' value examination focuses on studying past and present price action to predict the probability of IGM Biosciences' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move IGM Biosciences' price. Additionally, you may evaluate how the addition of IGM Biosciences to your portfolios can decrease your overall portfolio volatility.