A number of firms have modified their ratings and price targets on shares of ADC Therapeutics (NYSE: ADCT) recently:
- 6/8/2026 – ADC Therapeutics was downgraded by HC Wainwright from “buy” to “neutral”.
- 6/6/2026 – ADC Therapeutics was downgraded by Wall Street Zen from “hold” to “sell”.
- 6/4/2026 – ADC Therapeutics had its “overweight” rating reaffirmed by Stephens. They now have a $5.00 price target on the stock.
- 6/4/2026 – ADC Therapeutics had its “overweight” rating reaffirmed by Cantor Fitzgerald.
- 6/4/2026 – ADC Therapeutics was downgraded by Royal Bank Of Canada from “outperform” to “sector perform”. They now have a $2.00 price target on the stock, down from $6.00.
- 5/5/2026 – ADC Therapeutics had its “outperform” rating reaffirmed by Royal Bank Of Canada. They now have a $6.00 price target on the stock.
- 5/5/2026 – ADC Therapeutics had its “buy” rating reaffirmed by HC Wainwright. They now have a $8.00 price target on the stock.
Insiders Place Their Bets
In other ADC Therapeutics news, major shareholder Redmile Group, Llc sold 2,634,506 shares of the business’s stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $3.28, for a total transaction of $8,641,179.68. Following the sale, the insider directly owned 12,666,731 shares in the company, valued at $41,546,877.68. This represents a 17.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last three months, insiders sold 5,880,415 shares of company stock valued at $19,641,067. Insiders own 5.40% of the company’s stock.
At the core of ADC Therapeutics’ portfolio is loncastuximab tesirine-lpyl, a CD19-directed ADC that received accelerated approval from the U.S.
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