G Sachs Raises INNOVENT BIO TP to HKD105.94; 1Q Product Sales Beat
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G Sachs has raised the target price for INNOVENT BIOto HKD105.94 following a strong 1Q26 performance, where product revenue exceeded RMB3.8 billion, up over 50% YoY. This surpassed the broker's forecast of RMB3.5 billion, driven by product portfolio expansion. G Sachs also increased EPS forecasts for 2026 to 2028 and maintained a Buy rating. Key data releases in June at the ADA and ASCO conferences are anticipated to attract market attention.
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