IO Biotech, Inc. (IOBT)
NASDAQ: IOBT · IEX Real-Time Price · USD
1.730
-0.020 (-1.14%)
At close: Mar 28, 2024, 3:59 PM
1.800
+0.070 (4.05%)
After-hours: Mar 28, 2024, 6:49 PM EDT

IO Biotech Stock Forecast

Stock Price Forecast

The 3 analysts with 12-month price forecasts for IO Biotech stock have an average target of 8.33, with a low estimate of 7.00 and a high estimate of 10. The average target predicts an increase of 381.50% from the current stock price of 1.73.

Analyst Consensus: Strong Buy
Target Low Average Median High
Price $7.00 $8.33 $8.00 $10
Change +304.62% +381.50% +362.43% +478.03%

Analyst Ratings

The average analyst rating for IO Biotech stock from 3 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.

Recommendation Trends

Rating Oct '23Nov '23Dec '23Jan '24Feb '24Mar '24
Strong Buy 111111
Buy 222222
Hold 000000
Sell 000000
Strong Sell 000000
Total 333333

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
HC Wainwright & Co.
HC Wainwright & Co.
Strong Buy
Reiterates
$8
Strong Buy Reiterates $8 +362.43% Mar 6, 2024
Piper Sandler
Piper Sandler
Buy
Initiates
$10
Buy Initiates $10 +478.03% Sep 28, 2023
HC Wainwright & Co.
HC Wainwright & Co.
Strong Buy
Reiterates
$8
Strong Buy Reiterates $8 +362.43% Sep 13, 2023
Morgan Stanley
Morgan Stanley
Buy
Maintains
$11$7
Buy Maintains $11$7 +304.62% Aug 15, 2023
HC Wainwright & Co.
HC Wainwright & Co.
Strong Buy
Reiterates
$11$8
Strong Buy Reiterates $11$8 +362.43% Aug 11, 2023
More Analyst Ratings

Financial Forecast

Revenue This Year
n/a
Revenue Next Year
1.02M
EPS This Year
-1.71
from -1.98
EPS Next Year
-1.49
from -1.71
Year 2019202020212022202320242025202620272028
Revenue
------1.02M25.28M93.97M188.21M
Revenue Growth
-------2,378.14%271.75%100.29%
EPS
-70.64-82.36-17.30-2.48-1.98-1.71-1.49-1.22-0.83-0.27
EPS Growth
----------
No. Analysts -----77555
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025202620272028
High n/a 6.3M 32.7M 137.5M 256.1M
Avg n/a 1.0M 25.3M 94.0M 188.2M
Low n/a n/a 13.3M 60.0M 122.8M

Revenue Growth

Revenue Growth 20242025202620272028
High - -
3,101.5%
444.0%
172.6%
Avg - -
2,378.1%
271.8%
100.3%
Low - -
1,199.2%
137.5%
30.7%

EPS Forecast

EPS 20242025202620272028
High -1.19 -1.18 -1.19 -0.65 0.21
Avg -1.71 -1.49 -1.22 -0.83 -0.27
Low -2.63 -1.58 -1.27 -0.99 -0.49

EPS Growth

EPS Growth 20242025202620272028
High - - - - -
Avg - - - - -
Low - - - - -
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.