IO Biotech Stock Forecast

Stock Price Forecast

The 2 analysts with 12-month price forecasts for IO Biotech stock have an average target of 3.50, with a low estimate of 3.00 and a high estimate of 4.00. The average target predicts an increase of 402.37% from the current stock price of 0.70.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$3.00	$3.50	$4.00	$4.00
Change	+330.60%	+402.37%	+474.14%	+474.14%

* Price targets were last updated on Oct 22, 2025.

Analyst Ratings

The average analyst rating for IO Biotech stock from 4 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Jul '25	Aug '25	Sep '25	Oct '25	Nov '25	Dec '25
Strong Buy	1	1	0	0	0	0
Buy	2	2	1	2	2	2
Hold	0	0	2	2	2	2
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	3	3	3	4	4	4

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Allison Bratzel Piper Sandler	Piper Sandler	Buy Maintains $10 → $3	Buy	Maintains	$10 → $3	+330.60%	Oct 22, 2025
Yaron Werber TD Cowen	TD Cowen	Strong Buy → Hold Downgrades n/a	Strong Buy → Hold	Downgrades	n/a	n/a	Sep 30, 2025
Emily Bodnar HC Wainwright & Co.	HC Wainwright & Co.	Strong Buy → Hold Downgrades n/a	Strong Buy → Hold	Downgrades	n/a	n/a	Sep 29, 2025
Matthew Harrison Morgan Stanley	Morgan Stanley	Buy Maintains $6 → $4	Buy	Maintains	$6 → $4	+474.14%	Aug 12, 2025
Emily Bodnar HC Wainwright & Co.	HC Wainwright & Co.	Strong Buy Reiterates $12	Strong Buy	Reiterates	$12	+1,622.41%	Apr 1, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

n/a

Revenue Next Year

11.02M

EPS This Year

-1.19

from -1.45

EPS Next Year

-0.45

from -1.19

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	-	-	-	-	-	-	11.02M
Revenue Growth	-	-	-	-	-	-	-
EPS	-82.36	-17.30	-2.48	-1.98	-1.45	-1.19	-0.45
EPS Growth	-	-	-	-	-	-	-
Forward PE	-	-	-	-	-	-	-
No. Analysts	-	-	-	-	-	7	7

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026
High	n/a	31.2M
Avg	n/a	11.0M
Low	n/a	n/a

Revenue Growth

Revenue Growth	2025	2026
High	-	-
Avg	-	-
Low	-	-

EPS Forecast

EPS	2025	2026
High	-1.00	-0.19
Avg	-1.19	-0.45
Low	-1.27	-0.65

EPS Growth

EPS Growth	2025	2026
High	-	-
Avg	-	-
Low	-	-

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.