William Blair initiates Immunome stock coverage with outperform rating
William Blair initiated coverage on Immunome Inc. (IMNM) with an Outperform rating and a $35 price target, citing potential 100% upside. The biotech firm is developing varegacestat for desmoid tumors, with projected $1.4B sales by 2032. IMNM stock has fallen 11% in a week. Analysts have a Strong Buy consensus, with targets ranging from $24 to $40. The company recently dosed the first patient in a Phase 1 trial for IM-3050 and secured a licensing deal with Bristol for varegacestat.
