CX-2051 Momentum and An Expanding Oncology Pipeline Strengthen CytomX Therapeutics’ (CTMX) Investment Case

With strong three-month performance and significant upside potential, CytomX Therapeutics, Inc. (NASDAQ:CTMX) secures a spot on our list of the 12 hot penny stocks to invest in right now.

CX-2051 Momentum and An Expanding Oncology Pipeline Strengthen CytomX Therapeutics’ (CTMX) Investment Case

The Fly reported on November 11, 2025, that CytomX Therapeutics, Inc. (NASDAQ:CTMX)’s price target was raised from $5 to $10 by H.C. Wainwright’s Mitchell Kapoor. Reiterating a “Buy” rating, the analyst highlighted strong demand for the CX-2051 Phase 1 program. With Phase 1 study enrollment projected to reach approximately 100 patients by Q1 2026, the program’s data package is expected to strengthen, supporting a potential approval pathway.

Meanwhile, CytomX Therapeutics, Inc. (NASDAQ:CTMX) reported its Q3 2025 results on November 6, 2025. The quarter saw a reduction in revenue to $6 million from $33.4 million in Q3 2024. The revenue decline reflected the completion of certain collaboration obligations. However, operating expenses, which fell to $21.7 million, reflected the company’s continued operating discipline.

The quarter also marked significant pipeline progress, including a robust CX-2051 Phase 1 expansion and preparations for a data update in Q1 2026. Management expressed confidence while emphasizing ongoing CX-801 development, including upcoming biomarker data at SITC 2025 Annual Meeting and continued dose escalation in combination with KEYTRUDA. CytomX Therapeutics, Inc. (NASDAQ:CTMX) closed the quarter with $143.6 million in cash balances, supporting operations until Q2 2027.

CytomX Therapeutics, Inc. (NASDAQ:CTMX), an oncology-focused biopharmaceutical company, develops conditionally activated, tumor-localized biologics using its PROBODY platform.

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