Immunocore (IMCR) Stock Analysis & Forecast

Oct 12 close

$29.04−0.35 (−1.2%)

Gekko Brief

AI summaryOct 12 close

Immunocore's week centered on clinical and commercial updates rather than a single catalyst. The company completed enrollment of 540 patients in its TEBE-AM Phase 3 trial, announced on 8 October, with shares falling 1.90% after hours on the news. Separately, Immunocore reported first-half 2026 KIMMTRAK sales growth of 16%, reaching $223 million, with Q2 sales up 18% year over year to $116 million. The company also confirmed upcoming appearances at investor conferences, including the Chardan Genetic Medicines Conference and Cantor Global event.

IMCR closed at $29.04, down 1.2%, sitting between its 50-day average of $33.42 and 200-day average of $31.98, reflecting a mixed trend. Shares have declined 10.9% over one month, 13.2% over three months, and 14% over the past year. The GekkoIndex reads 71.7, placing the stock in the Buying zone, down 2.4 over five days. The gap to Gekko Fair Value of $43.97 stands at 34% below current price.

Earnings are scheduled for 5 November 2026, before the open, 24 days away and inside a typical 20-trading-day holding window; the last report on 6 August showed a beat with a 2.1% reaction. Seasonally, the next 20 trading days have averaged a 9.3% return over 5 years, with gains in all 5 of those years. No insider, Congress, or unusual options activity appears in the respective 90-day and 30-day windows. Analyst consensus includes 4 buy and 2 hold ratings across 6 firms, with a consensus target of $62.73.

Written by AI from the Oct 12, 2026 close and checked automatically against the figures on this page.

Immunocore price vs fair value

$43.97$29.04Oct ’25Apr ’26Oct ’26
Close $29.04200-day averageGekko Fair Value $43.97

Immunocore quick facts

Market cap
$1.48B
P/E ratio
—
Forward P/E
23.8
EPS, TTM
−$0.36
Revenue, TTM
$430.8M
Profit margin
-4.2%
Dividend yield
—
Beta
0.82
Volume
219,725 avg 440,731
1-year return
−14.0%
Typical daily move
±3.9%
Typical 20-day move
±8.5%
50-day average
$33.42
200-day average
$31.98
Next earnings
Nov 5 before open
Shares outstanding
51.50M
52-week range
$27.56$40.71

Immunocore swing-trade checklist

Immunocore scores 3 supportive, 1 mixed and 1 headwind across the 5 checklist items with data.

Six things swing traders check before a 20-day hold, read from the latest data.

3 supportive1 mixed1 headwind

  • Trendmixed

    Averages disagree

    Close $29.04 sits between the 50-day ($33.42) and 200-day ($31.98) averages, or the averages disagree.

    See the chart
  • GekkoIndexsupportive

    71.7, Buying

    Reading 71.7 is in the Buying zone.

    See the GekkoIndex
  • Fair valuesupportive

    34.0% below

    Price is 34% below Gekko Fair Value (more than 5% below).

    See fair value
  • Smart moneyno data

    No data

    No insider, Congress or unusual options activity in the window.

    See smart money
  • Earnings riskheadwind

    Reports in 24 days

    Reports on Nov 5, 2026, 24 days away — inside a typical 20-trading-day hold.

    See earnings
  • Seasonalitysupportive

    +9.3% on average

    From this point in the calendar, the next 20 trading days averaged +9.3% over 5 years, rising in 5 of them.

    See seasonality

A description of current data, not a recommendation. How this page works

Immunocore stock chart and price history

Immunocore closed at $29.04 on Oct 12, 2026, −14.0% over the past year, inside a 52-week range of $27.56 to $40.71.

Close50-day average200-day averageVolume
Immunocore share price, past year, with 50-day and 200-day moving averages and volume$30$35$40NovDecJan 2026FebMarAprMayJunJulAugSepOct29.04

Use the left and right arrow keys to read daily values.

Performance Breakdown

1 month
−10.9%
3 months
−13.2%
6 months
−7.7%
1 year
−14.0%
The full IMCR chart adds GekkoIndex, insider, options, Congress and hedge fund markers, plus TrendCandles™.Open IMCR in Gekko

Follow Immunocore through every session

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About Immunocore

Immunocore develops immune-based therapies aimed at serious illnesses, spanning several forms of cancer, infectious disease and autoimmune conditions. It has moved beyond research into commercial sales with KIMMTRAK, a treatment for uveal melanoma that cannot be surgically removed or has spread to other parts of the body.

Beyond its marketed product, the company runs a set of clinical programs. In oncology, IMC-C103C and IMC-F106C are both being tested in early-stage dose escalation studies across a wide range of solid tumors, among them lung, gastric, head and neck, ovarian, endometrial, breast and skin cancers, as well as synovial sarcoma. On the infectious disease side, IMC-I109V is in early clinical trials for chronic hepatitis B, while IMC-M113V remains in preclinical work targeting HIV. The company is also pursuing candidates intended to suppress immune activity in a targeted way for autoimmune disease.

Immunocore trades under the ticker IMCR.

Sector
Health technology
Website
immunocore.com

Immunocore GekkoIndex: the smart money zone

Immunocore’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 71.7, in the Buying zone, down 2.4 points over five sessions.

010071.7Buying

Down 2.4 points over five sessions.

Reading for Oct 12, 2026

What followed past readings in each zone

ZoneReadings5 days10 days20 days50 days
Buying (current zone)48−0.9%−2.7%−4.0%−5.5%
Accumulation268+0.7%+1.2%+0.7%−1.7%
Neutral297−1.3%−2.2%−2.8%−3.6%
Distribution22−1.8%−4.6%−7.5%−11.1%
Selling0Not available

Average IMCR share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Buying readings averaged +3.1% over 20 days. Past behaviour doesn’t guarantee future results.

Buying zone: Smart money likely accumulating heavily. About the five zones →

See every daily GekkoIndex reading plotted over the IMCR price, zone by zone.Track IMCR in Gekko

Is Immunocore stock overvalued? Gekko Fair Value

Immunocore trades 34.0% below Gekko Fair Value of $43.97, so the shares are undervalued on Gekko’s estimate.

Gekko’s own estimate of what Immunocore shares are worth, recalculated every trading day.

$43.97

Gekko Fair Value, Oct 10, 2026

34.0% Undervalued

At the end of Aug 2026 the price was 30.8% below the estimate.

Gekko Fair ValueShare price, month end
$44$29Aug 2026SepOct 2026

How Gekko Fair Value works →

Gekko Fair Value on every chart, with the gap to price updating daily.Open IMCR in Gekko

Immunocore insider and Congress trading

No open-market insider purchases were filed for Immunocore, and no Congress trades were disclosed, in the last 90 days.

Plus buybacks, unusual options and fund positions, each dated to when it became public.

Insider buying last 90 days

No open-market insider purchases were filed for IMCR in the last 90 days.

From Form 4 filings, dated to when each was filed.

Every IMCR insider filing, plotted on the chart in Gekko.Open IMCR in Gekko

Congress trades last 90 days

No trades in IMCR were disclosed by members of Congress in the last 90 days.

From congressional disclosures, which report amounts as ranges.

Congress disclosures for IMCR, plotted on the chart in Gekko.Open IMCR in Gekko

Immunocore earnings: next date and track record

Immunocore reports on Nov 5, 2026, before the open (24 days away), and beat the EPS estimate in 5 of its last 8 reports.

5 of 8reports beat the EPS estimate
±4.2%average move across the report
6 of 8reports followed by a gain

Share-price move across each report

+4.0%Nov ’24+1.3%Feb ’25+6.2%May ’25−0.4%Aug ’25+8.8%Nov ’25−4.9%Feb ’26+6.2%May ’26+2.1%Aug ’26
ReportedEPSSurpriseRevenueSurpriseMove
Aug 6, 2026−$0.02
est −$0.01
−100.0%$115.9M
est $148.8M
−22.1%+2.1%
May 6, 2026$0.25
est −$0.26
+196.2%$145.0M
est $145.4M
−0.3%+6.2%
Feb 25, 2026−$0.60
est −$0.28
−114.3%$140.1M
est $144.5M
−3.1%−4.9%
Nov 6, 2025$0.02
est −$0.30
+105.2%$103.7M
est $142.2M
−27.1%+8.8%
Aug 7, 2025−$0.20
est −$0.21
+4.8%$134.3M
est $134.2M
+0.1%−0.4%
May 7, 2025$0.10
est −$0.35
+128.6%$121.5M
est $121.8M
−0.3%+6.2%
Feb 26, 2025−$0.37
est −$0.16
−133.0%$105.2M
est $85.49M
+23.0%+1.3%
Nov 6, 2024$0.17
est −$0.35
+148.6%$107.4M
est $110.0M
−2.3%+4.0%

“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.

Immunocore stock forecast and analyst price targets

Analysts’ average 12-month price target for Immunocore is $62.73, +116.0% from the last close, from 6 firms rating the stock in the last 90 days.

$62.73consensus 12-month target, +116.0% from the last close
Low $35High $100
Buy4
Hold2
Sell0

Each firm’s latest rating in the last 90 days: 6 firms.

Latest analyst actions

DateFirmRatingTargetvs price
Sep 21H.C. WainwrightBuy, maintained$100+244.4%
Aug 21J.P. MorganBuy, initiated$50+72.2%
Aug 12H.C. WainwrightBuy, reiterated$100+244.4%
Aug 7Mizuho SecuritiesHold, maintained$35+20.5%
Aug 7Morgan StanleyHold, maintained$43+48.1%
−4.0%average 20-day move after past Buying readings
+9.3%average move over the next 20 trading days in the last 5 years
±3.9%typical daily move, from the 14-day average range

Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.

Immunocore seasonality: the next 20 trading days

Over the next 20 trading days from Oct 10, Immunocore averaged +9.3% across the last 5 years, rising in 5 of them.

Next 20 trading days, by year

+5.3%2021+22.3%2022+3.7%2023+11.1%2024+3.4%2025

Average move and hit rate

WindowAverageYears higher
Next 5 trading days+3.9%4 of 5
Next 10 trading days+3.6%4 of 5
Next 15 trading days+5.0%3 of 5
Next 20 trading days+9.3%5 of 5
Next 30 trading days+11.3%3 of 5

For scale, IMCR’s typical 20-trading-day move in either direction is about 8.5%.

Immunocore market cap and key statistics

Immunocore’s market cap is $1.48B and revenue of $430.8M over the last twelve months.

Valuation

Market cap
$1.48B
Forward P/E
23.8
EPS, TTM
−$0.36
Gekko Fair Value
$43.97

Trading

Volume
219,725
Avg volume, 20 days
440,731
52-week high
$40.71
52-week low
$27.56
Shares outstanding
51.50M

Financials

Revenue, TTM
$430.8M
Profit margin
-4.2%
Return on equity
-4.5%
Quarterly earnings growth, YoY
+150.0%

Risk and income

Beta
0.82
Typical daily move
±3.9%
Typical 20-day move
±8.5%

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Immunocore stock FAQ

What is Immunocore’s market cap?

Immunocore’s market cap is $1.48B at the Oct 12, 2026 close of $29.04, with 51.50M shares outstanding.

What is the Immunocore stock forecast?

The consensus analyst 12-month price target for Immunocore is $62.73, +116.0% from the last close. Of the 6 firms that rated the stock in the last 90 days, 4 rate it a buy, 2 a hold and 0 a sell. Gekko doesn’t publish price predictions of its own.

Is Immunocore stock overvalued or undervalued?

On Gekko’s estimate Immunocore is undervalued: the Oct 12, 2026 close of $29.04 is 34.0% below Gekko Fair Value of $43.97. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.

When does Immunocore report earnings next?

Immunocore is expected to report on Nov 5, 2026, before the market opens (24 days away). Analysts expect earnings of −$0.12 per share on revenue of $152.9M. Immunocore beat the earnings estimate in 5 of its last 8 reports, moving 4.2% on average across the report.

What is Immunocore’s 52-week high and low?

Immunocore’s 52-week high is $40.71 and its 52-week low is $27.56; it closed at $29.04 on Oct 12, 2026, −14.0% over the past year. Over the last five years the shares peaked at $76.98 on Feb 1, 2024.

Is Immunocore stock a buy right now?

Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 3 of the 5 items with data read as supportive (gekkoindex, fair value and seasonality), 1 as mixed (trend) and 1 as a headwind (earnings risk). The checklist is a description of current data, not a recommendation.

How this page works

During US trading hours the price at the top of the page is a delayed quote, refreshed every 15 minutes; everything else is rebuilt after each US market close. The GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →

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