Stock of the Day

September 13, 2024

AnaptysBio (ANAB)

$47.71
-$1.00 (-2.1%)
Market Cap: $1.43B

About AnaptysBio

AnaptysBio, Inc., a clinical-stage biotechnology company, focuses in delivering immunology therapeutics. Its products include Rosnilimab, an IgG1 antibody that targets PD-1+ T cells, resulting in their agonism or depletion, broadly impacting pathogenic drivers of autoimmune and inflammatory diseases; and ANB032, a non-depleting antibody that binds to the BTLA checkpoint receptor and inhibits activated T cell proliferation; ANB033, a novel anti-CD122 antagonist antibody that targets the shared common beta subunit of the receptors for IL-15 and IL-2; ANB101, a BDCA2 modulator antibody that specifically targets plasmacytoid dendritic cells (pDCs); and Imsidolimab, an antibody that inhibits the interleukin-36 receptor, which is in the Phase 3 development for the treatment of generalized pustular psoriasis. The company also focuses on developing various antibody programs that are advanced to preclinical and clinical milestones under its collaborations. It has a collaboration and license agreement with GlaxoSmithKline, Inc. The company was formerly known as Anaptys Biosciences, Inc. and changed its name to AnaptysBio, Inc. in July 2006. AnaptysBio, Inc. was incorporated in 2005 and is based in San Diego, California.

Today's Trend

AnaptysBio, Inc. (NASDAQ: ANAB) is seeing mixed analyst signals. The stock has increased recently, supported by a more favorable near-term earnings outlook and continued bullish ratings, but reductions to longer-term forecasts and price targets may limit upside.

  • HC Wainwright improved near-term estimates: The firm raised its Q3 2026 forecast to breakeven from a $0.03-per-share loss and increased its FY2026 estimate to a $1.30 loss from a $2.60 loss. HC Wainwright maintained a Buy rating and a $95 price target, implying substantial potential upside from recent trading levels.
  • Long-term profitability remains projected: Despite revisions, HC Wainwright still forecasts AnaptysBio turning profitable beginning in FY2027, with projected EPS rising to $6.50 by FY2030. This supports the investment case if the company’s pipeline and commercialization plans progress as expected.
  • Leerink Partners remains bullish: Leerink lowered its price target from $90 to $81 but retained an Outperform rating, with the revised target still representing approximately 56.7% upside from the cited share price.
  • Analyst consensus is favorable: AnaptysBio received an average Moderate Buy recommendation from analysts, indicating generally positive sentiment but not unanimous conviction. AnaptysBio Receives Average Recommendation of Moderate Buy
  • Reported short interest was zero shares: The latest data show no reported short position and a zero-day days-to-cover ratio. This removes an apparent source of short-selling pressure, although the figure may reflect a reporting or data anomaly rather than a meaningful change in investor positioning.
  • Longer-term earnings forecasts were reduced: HC Wainwright cut its FY2027, FY2028, FY2029 and FY2030 EPS estimates to $2.42, $4.57, $5.23 and $6.50, respectively. These reductions signal more cautious expectations for AnaptysBio’s future earnings growth.
  • Leerink’s price-target cut is a cautionary signal: Although the firm maintained an Outperform rating, lowering its target to $81 suggests analysts see less upside than previously expected.

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