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Biotech / Medical : IMNR - Immune Response

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To: Nagaraju R. Arakotaram who wrote ()5/8/1998 12:42:00 PM
From: jake burns  Read Replies (1) of 1510
 
The Prudential analyst set a 12-month target price of 22 dollars per share, but emphasized this projection was conservative. The conservatism resulted from a very low market penetration estimate: 5% of IMNR's goal in the year 2000; and 25% of IMNR's goal in the year 2001. The analyst also used the low end of the range of the price IMNR will charge for the drug. The upshot is that, even with all this conservatism, Prudential feels the stock is worth 22 dollars in 12 months!!!! By the way, I expect at least 1 corporate partnership to be announced by the annual meeting in early june. Good luck to all.
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