Analyst Price Forecast Suggests 219.89% Upside
As of June 2, 2023, the average one-year price target for Allogene Therapeutics is 17.95. The forecasts range from a low of 6.06 to a high of $36.75. The average price target represents an increase of 219.89% from its latest reported closing price of 5.61.
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The projected annual revenue for Allogene Therapeutics is 4MM, an increase of 1,602.99%. The projected annual non-GAAP EPS is -2.83.
What is the Fund Sentiment?
There are 396 funds or institutions reporting positions in Allogene Therapeutics. This is a decrease of 2 owner(s) or 0.50% in the last quarter. Average portfolio weight of all funds dedicated to ALLO is 0.11%, a decrease of 26.85%. Total shares owned by institutions increased in the last three months by 4.45% to 130,707K shares. The put/call ratio of ALLO is 0.57, indicating a bullish outlook.
What are Other Shareholders Doing?
Tpg Gp A holds 18,716K shares representing 12.83% ownership of the company. No change in the last quarter.
Price T Rowe Associates holds 6,330K shares representing 4.34% ownership of the company. In it's prior filing, the firm reported owning 5,942K shares, representing an increase of 6.14%. The firm decreased its portfolio allocation in ALLO by 22.13% over the last quarter.
XBI - SPDR(R) S&P(R) Biotech ETF holds 6,278K shares representing 4.30% ownership of the company. In it's prior filing, the firm reported owning 7,306K shares, representing a decrease of 16.37%. The firm decreased its portfolio allocation in ALLO by 15.70% over the last quarter.
Primecap Management holds 5,769K shares representing 3.96% ownership of the company. In it's prior filing, the firm reported owning 4,944K shares, representing an increase of 14.30%. The firm decreased its portfolio allocation in ALLO by 12.71% over the last quarter.
Capital International Investors holds 5,310K shares representing 3.64% ownership of the company. No change in the last quarter.
Allogene Therapeutics Background Information
(This description is provided by the company.)
Allogene Therapeutics, with headquarters in South San Francisco, is a clinical-stage biotechnology company pioneering the development of allogeneic chimeric antigen receptor T cell (AlloCAR T™) therapies for cancer. Led by a management team with significant experience in cell therapy, Allogene is developing a pipeline of 'off-the-shelf' CAR T cell therapy candidates with the goal of delivering readily available cell therapy on-demand, more reliably, and at greater scale to more patients.
Key filings for this company:
- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 ☐ TRANSITION REPORT PURSUA
This story originally appeared on Fintel.
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