Fintel reports that on September 25, 2023, Needham maintained coverage of I-Mab - ADR (NASDAQ:IMAB) with a Buy recommendation.
Analyst Price Forecast Suggests 2,352.51% Upside
As of August 31, 2023, the average one-year price target for I-Mab - ADR is 29.43. The forecasts range from a low of 3.84 to a high of $106.05. The average price target represents an increase of 2,352.51% from its latest reported closing price of 1.20.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for I-Mab - ADR is 69MM. The projected annual non-GAAP EPS is -1.35.
What is the Fund Sentiment?
There are 93 funds or institutions reporting positions in I-Mab - ADR. This is a decrease of 9 owner(s) or 8.82% in the last quarter. Average portfolio weight of all funds dedicated to IMAB is 0.04%, a decrease of 34.57%. Total shares owned by institutions decreased in the last three months by 9.34% to 19,447K shares. 
The put/call ratio of IMAB is 0.27, indicating a bullish outlook.
What are Other Shareholders Doing?
Hillhouse Capital Advisors holds 6,909K shares representing 8.32% ownership of the company. In it's prior filing, the firm reported owning 6,954K shares, representing a decrease of 0.65%. The firm increased its portfolio allocation in IMAB by 3.12% over the last quarter.
Artal Group holds 850K shares representing 1.02% ownership of the company. No change in the last quarter.
VEIEX - Vanguard Emerging Markets Stock Index Fund Investor Shares holds 754K shares representing 0.91% ownership of the company. No change in the last quarter.
VGTSX - Vanguard Total International Stock Index Fund Investor Shares holds 720K shares representing 0.87% ownership of the company. No change in the last quarter.
Bank Of America holds 678K shares representing 0.82% ownership of the company. In it's prior filing, the firm reported owning 681K shares, representing a decrease of 0.46%. The firm decreased its portfolio allocation in IMAB by 12.21% over the last quarter.
I-Mab Background Information
(This description is provided by the company.)
I-Mab is an innovation-driven global biotech company focusing on discovery, development and soon commercialization of novel and highly differentiated biologics in immuno-oncology therapeutic area. The Company's mission is to bring transformational medicines to patients around the world through drug innovation. I-Mab's globally competitive pipeline of more than 15 clinical and pre-clinical stage drug candidates is driven by its internal R&D capability and global licensing partnerships, based on the Company's unique Fast-to-Proof-of-Concept and Fast-to-Market pipeline development strategies. The Company is now rapidly progressing from a clinical stage biotech company to a fully integrated global biopharmaceutical company with cutting-edge global R&D capabilities, a world-class GMP manufacturing facility and commercialization capability. I-Mab has established its global footprint in Shanghai (headquarters), Beijing, Hangzhou and Hong Kong in China, and Maryland and San Diego in the United States.
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