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B.Riley Financial Thinks Agenus’ Stock is Going to Recover

B.Riley Financial analyst Mayank Mamtani reiterated a Buy rating on Agenus (AGENResearch Report) today and set a price target of $8.00. The company’s shares closed last Tuesday at $2.35, close to its 52-week low of $2.28.

According to TipRanks.com, Mamtani ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -26.6% and a 23.8% success rate. Mamtani covers the Healthcare sector, focusing on stocks such as Arrowhead Pharmaceuticals, Madrigal Pharmaceuticals, and Spectrum Pharmaceuticals.

Currently, the analyst consensus on Agenus is a Moderate Buy with an average price target of $11.00.

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Agenus’ market cap is currently $604.3M and has a P/E ratio of -13.52.

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Agenus, Inc. is a clinical-stage immuno-oncology company, which engages in the development and commercialization of technologies to treat cancers and infectious diseases. Its product pipeline includes AGEN1884, AGEN2034, INCAGN1876, INCAGN1949, Prophage, AutoSynVax, PhosphoSynVax, and AS-21 Stimulon. The company was founded by Garo H. Armen and Pramod K. Srivastava in March 1994 and is headquartered in Lexington, MA.

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