Immatics is a pre-revenue biotech with quality far below minimum standards, a Piotroski F-Score of 2 out of 9, and 3 of its past 4 quarters delivered misses; analysts nonetheless project approximately 73% upside from current levels, offering a highly asymmetric but deeply speculative setup where execution risk is the dominant variable.
Thesis pillars
- Analyst Upside Asymmetric Setup↓Deteriorating
- Severe Cash Burn Sustainability→Stable
- Worsening Earnings Execution↓Deteriorating
- +1 more pillar — see the Why tab for full reasoning
Pillars as of Jul 3, 2026· older than 90 days
Immatics N.V. (IMTX) Stock Analysis
Recovery setup
Healthcare · Biotechnology
Sell if holding. Engine safety override at $6.91: Quality below floor (2.0 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.4/10 and A.R:R 8.3:1 is above the 1.5:1 BUY gate. Specifically: Elevated put/call ratio: 205.00; Below-average business quality; Negative price momentum.
Immatics N.V., a clinical-stage biopharmaceutical company, focuses on the research and development of potential T cell redirecting immunotherapies for the treatment of cancer in the United States. The company is developing targeted immunotherapies with a focus on treating solid... Read more
Sell if holding. Engine safety override at $6.91: Quality below floor (2.0 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.4/10 and A.R:R 8.3:1 is above the 1.5:1 BUY gate. Specifically: Elevated put/call ratio: 205.00; Below-average business quality; Negative price momentum. Chart setup: Death cross but MACD improving, RSI 46. Score 5.4/10, moderate confidence.
Passes 6/9 gates (favorable risk/reward ratio, clean insider activity, no SEC red flags, news events none recent, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and death cross (50MA < 200MA). Suitability: speculative.
Recent developments
updated Oct 26, 2026Recent Developments — Immatics N.V.
Latest news
- NEWS Reported Saturday, Immatics Reports IMA203CD8 Cell Therapy 51% ORR, 41% cORR Across Multiple Solid Tumors With Manageabl — benzinga Oct 26, 2026 positive
- NEWS Immatics Presents Clinical Activity of IMA402 and IMA203CD8 at ESMO 2026 — fiscal.ai Oct 24, 2026 positive
- NEWS This Entegris Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Wednesday — benzinga Oct 14, 2026 positive
- NEWS Stifel Initiates Coverage On Immatics with Buy Rating, Announces Price Target of $15 — benzinga Oct 14, 2026 positive
- NEWS Nayax, Immatics, Moderna, Marvell Technology And Other Big Stocks Moving Higher On Tuesday — benzinga Aug 25, 2026 positive
Latest item Oct 26, 2026 · Generated 2026-11-05T11:54:12Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Rating Breakdown
3 floor-breakers·1 ceiling hit
Quality below the gate floor. Component breakdown shows what dragged the score down.static
Price action weak — below key moving averages, no momentum carry. Needs a base before trend-continuation setups apply.static
No near-term catalyst priced in. Thesis progression will come from fundamentals grinding, not event reaction.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Engine safety override at $6.91: Quality below floor (2.0 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.4/10 and A.R:R 8.3:1 is above the 1.5:1 BUY gate. Specifically: Elevated put/call ratio: 205.00; Below-average business quality; Negative price momentum. Chart setup: Death cross but MACD improving, RSI 46. Prior stop was $6.45. Score 5.4/10, moderate confidence.
Analyst target: $14.27 (+106.5% upside). Prior stop was $6.45. Stop-loss: $6.45.
Quality below floor (2.0 < 4.0).
Immatics N.V. trades at a P/E of N/A (forward -3.4). TrendMatrix value score: 5.4/10. Verdict: Sell.
17 analysts rate IMTX, with a consensus score of 4.4/5. 7 analysts publish price targets averaging $16.
What does Immatics N.V. do?Immatics N.V., a clinical-stage biopharmaceutical company, focuses on the research and development of potential T cell...
Immatics N.V., a clinical-stage biopharmaceutical company, focuses on the research and development of potential T cell redirecting immunotherapies for the treatment of cancer in the United States. The company is developing targeted immunotherapies with a focus on treating solid tumors through two distinct treatment modalities, such as adoptive cell therapies (ACT) and antibody-like TCR Bispecifics. Its products pipeline includes Anzu-cel (IMA203), a one-time infusion PRAME cell therapy, which is in Phase 2 trial; IMA203CD8, a cell therapy product that is in Phase 1 clinical trial; IMA204 that targets tumor stroma, which is in Phase 1 clinical trial; and Anzu-cel in combination with Moderna's PRAME cell therapy enhancer (mRNA-4203), which is in Phase 1 clinical trial. The company also develops TCR Bispecifics products, including IMA401 and IMA402, which is in Phase 1a clinical trial. The company has a strategic collaboration agreement with MD Anderson Cancer Center to develop multiple T cell and TCR-based adoptive cellular therapies; Celgene Corporation to develop novel adoptive cell therapies targeting multiple cancers; and Genmab A/S to develop T cell engaging bispecific immunotherapies targeting multiple cancer indications. Immatics N.V. is headquartered in Tübingen, Germany.