IMMU Stock Forecast: Win with a wise pick in the pharmaceutical industry

Chloe PengThe article was written by Chloe Peng, Analyst at I Know First., Master of Science of Finance candidate at Brandeis University.

Summary:

  • Though the clinical trials were influenced by the COVID-19 early this year, IMMU’s main product was approved in April by FDA, causing stock price to jump almost 30% instantly.
  • There are many opportunities facing the company, for example, the market for breast cancer drug is expanding with a growth rate of around 10%.
  • I believe the company’s revenue will triple in the next year and suggest you to buy the stock.

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