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Upturn AI Summary - About
Immatics NV(IMTX)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for IMTX
11/06/2026: IMTX (1-star) is currently NOT-A-BUY. Pass it for now.
Immatics NV is a clinical-stage biotechnology company developing T-cell redirecting immunotherapies for solid tumors. Its primary strength lies in its PRAME-focused pipeline, supported by validated proprietary target identification platforms. The company's main investment story revolves around the potential 2027 commercial launch of its lead cell therapy candidate, anzu-cel. However, investors must consider substantial risks, including the absence of current revenue, high cash burn, and significant historical share dilution. Immatics is best suited for growth-oriented investors with high risk tolerance. Key developments to monitor include upcoming clinical trial data and progress toward regulatory submissions for its lead PRAME franchise.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Strong fit | The company offers high-growth potential driven by an innovative pipeline of novel cancer therapies. |
| Momentum investor | Mixed fit | Momentum is conditional on positive clinical data readouts and subsequent stock price uptrends. |
| Value investor | Weak fit | As a loss-making, clinical-stage company, it lacks traditional value metrics like P/E ratios. |
| Dividend investor | Weak fit | Immatics does not pay dividends and reinvests all capital into research and development. |
| Low-risk investor | Weak fit | High clinical, financial, and market volatility make this unsuitable for conservative portfolios. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | High | Biotech stocks often experience sharp swings based on clinical trial news. |
| Valuation risk | High | Valuations are speculative and sensitive to clinical progress rather than fundamental earnings. |
| Competition risk (oncology) | High | The sector is crowded with well-funded peers developing similar therapeutic modalities. |
| Business quality | Medium | The company has strong scientific foundations but remains in a high-risk development stage. |
| Dividend income | Low / none | The company provides no income for dividend-focused investors. |
| Execution risk | High | Successfully managing large-scale clinical trials and commercialization is complex. |
Price Behavior
Steep Decline
The stock price has dropped sharply with strong downward pressure.
Moderately Choppy
The stock has experienced noticeable price swings while retaining some directional structure.
Analysis of Past Performance
Type Stock | Historic Profit -25.72% | Avg. Invested days 28 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 11/06/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 968.15M USD | Price to earnings Ratio - | 1Y Target Price 16.4 |
Price to earnings Ratio - | 1Y Target Price 16.4 | ||
Volume (30-day avg) 1.1M shares | Beta 1.35 | 52 Weeks Range 6.09 - 12.41 | Updated Date 11/07/2026 |
52 Weeks Range 6.09 - 12.41 | Updated Date 11/07/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) -1.87 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Research Collaborations | Milestone payments and licensing fees from partnerships. | Revenue is currently driven by R&D collaborations rather than product sales. |
| Clinical Development | Investment in proprietary pipeline (ACT and TCER). | The company consumes cash to advance its therapies toward commercial viability. |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 513.73M | Price to Sales(TTM) 23.21 |
Enterprise Value 513.73M | Price to Sales(TTM) 23.21 | ||
Enterprise Value to Revenue 10.96 | Enterprise Value to EBITDA 7.19 | Shares Outstanding 152.23M | Shares Floating 70.12M |
Shares Outstanding 152.23M | Shares Floating 70.12M | ||
Percent Insiders 15.93 | Percent Institutions 66.95 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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