HC Wainwright Reiterates “Buy” Rating for Innate Pharma (NASDAQ:IPHA)

Innate Pharma (NASDAQ:IPHA)‘s stock had its “buy” rating reissued by equities research analysts at HC Wainwright in a research note issued on Friday,Benzinga reports. They currently have a $11.50 target price on the stock. HC Wainwright’s price target would suggest a potential upside of 487.03% from the company’s previous close.

Innate Pharma Stock Performance

Shares of IPHA opened at $1.96 on Friday. The firm’s 50-day moving average is $1.98 and its two-hundred day moving average is $1.93. Innate Pharma has a twelve month low of $1.29 and a twelve month high of $3.51.

Innate Pharma Company Profile

Innate Pharma SA, a biotechnology company, develops immunotherapies for cancer patients in France and internationally. The company's products include Lacutamab (IPH4102), an anti-KIR3DL2 antibody, which is in Phase II clinical trials for the treatment of cutaneous T-cell and peripheral T-cell lymphoma, as well as in Phase II clinical trials to treat refractory sézary syndrome; Monalizumab, an immune checkpoint inhibitor that is in Phase III clinical trial to treat advanced solid tumors comprising colorectal and lung cancer, as well as head and neck cancer; IPH5201, a blocking antibody that is in Phase II clinical trials targeting the CD39 immunosuppressive pathway; IPH5301, an anti-CD73 antibody targeting the immunosuppressive adenosine pathway to promote antitumor immunity; IPH6401, an BCMA-targeting NK cell engager; and IPH6101, a NKp46-based NK cell engager that targets CD123 proprietary multi-specific antibody format; and IPH62, an B7-H3-targeting NK cell engager.