5 Best Penny Stocks to Buy Before They Explode

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

On May 7, 2026, Iovance Biotherapeutics, Inc. (NASDAQ:IOVA) reported Q1 EPS of (19c), versus the consensus estimate of (15c). Revenue totaled $71.43M, versus the consensus estimate of $75.66M. Interim President and Chief Executive Officer Frederick Vogt said the company is accelerating commercial adoption and expansion of Amtagvi following record demand levels. Vogt added that Iovance remains positioned for long-term revenue growth through 2026 while continuing to advance several ongoing and new clinical programs, including its registrational sarcoma trial and recently reported initial data for lifileucel in metastatic serous endometrial cancer. Vogt also said internal manufacturing efficiencies, operational improvements, and cost reduction efforts are expected to support gross margin expansion and future profitability.

Iovance Biotherapeutics, Inc. (NASDAQ:IOVA) said it expects Q2 revenue of $86M-$88M, versus the consensus estimate of $84.36M. The company also maintained FY26 revenue guidance of $350M-$370M, versus the consensus estimate of $359.68M.

Following the earnings report, Chardan lowered its price target on Iovance Biotherapeutics, Inc. (NASDAQ:IOVA) to $14 from $16 while maintaining a Buy rating. The firm said it updated its model to reflect revised launch expectations for Amtagvi.

Iovance Biotherapeutics, Inc. (NASDAQ:IOVA) is a commercial-stage biopharmaceutical company focused on developing and commercializing tumor-infiltrating lymphocyte cell therapies for metastatic melanoma and other solid tumor cancers.

While we acknowledge the potential of IOVA to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than IOVA and that has 100x upside potential, check out our report about the cheapest AI stock.

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