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Immunome price target raised to $36 from $33 at Craig-Hallum

Craig-Hallum analyst Adam Vogel raised the firm’s price target on Immunome (IMNM) to $36 from $33 and keeps a Buy rating on the shares. The firm notes Immunome reported FY25 results and provided an update that reinforces the transition of the story from binary clinical risk to commercial execution, with a Q2 NDA planned for varegacestat, runway into 2028, and multiple ADC catalysts ahead. With the balance sheet now strengthened, Craig-Hallum views downside as increasingly protected, while upside is tied to differentiation in desmoid and platform validation in 2026.

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