10 Best US Stocks Under $5 to Buy

7. Iovance Biotherapeutics, Inc. (NASDAQ:IOVA)

Share Price: $4.09

Number of Hedge Fund Holders: 33

Iovance Biotherapeutics, Inc. (NASDAQ:IOVA) is one of the best US stocks under $5 to buy. On May 7, Chardan reduced its price target on Iovance Biotherapeutics, Inc. (NASDAQ:IOVA) from $16 to $14 while maintaining a Buy rating on the stock.

This update comes after the company’s first-quarter 2026 results. Chardan’s analyst told investors in a research note that the firm is adjusting its model to reflect the company’s updated launch guidance for Amtagvi.

Iovance Biotherapeutics, Inc. (NASDAQ:IOVA) reported total product revenue of approximately $71 million in the first quarter of 2026, marking an increase of about 45% compared with the same quarter last year. This growth was supported by significant performance improvements. US Amtagvi revenue was about $60 million, while global Proleukin revenue came in at around $11 million.

The company also shared strong revenue expectations for 2026. Iovance Biotherapeutics, Inc. (NASDAQ:IOVA) expects total product revenue for the second quarter of 2026 to range between $86 million and $88 million. For the full year 2026, the company projects revenue between $350 million and $370 million.

Additionally, the company expects US Amtagvi revenue for the second quarter of 2026 to be between $79 million and $81 million. This would represent an increase of about 23% compared with the fourth quarter of 2025.

Iovance Biotherapeutics, Inc. (NASDAQ:IOVA) is a commercial biotechnology company focused on developing tumor-infiltrating lymphocyte (TIL) therapies for patients with cancer.