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TNGX Overview

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$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
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Intellectia

Loading chart...

High
31.680
Open
31.102
VWAP
29.16
Vol
12.10M
Mkt Cap
5.26B
Low
27.820
Amount
352.68M
EV/EBITDA(TTM)
--
Total Shares
162.81M
EV
4.16B
EV/OCF(TTM)
--
P/S(TTM)
61.87
Tango Therapeutics, Inc. is a clinical-stage biotechnology company dedicated to discovering novel drug targets and delivering precision medicine for the treatment of cancer. The Company's novel small molecules are designed to be selectively active in cancer cells with specific genetic alterations, killing those cancer cells while sparing normal cells. The Company is focused on clinical development of two methylthioadenosine phosphorylase (MTAP)-deleted selective PRMT5 inhibitors: vopimetostat (TNG462) for non-CNS cancers, both as a monotherapy and in combination with RAS inhibitors, and TNG456, brain-penetrant protein arginine methyltransferase 5 (PRMT5) inhibitor, for CNS cancers, including glioblastoma (GBM). Its TNG260 is a first-in-class Co-repressor of the Repressor Element-1 Silencing Transcription (CoREST) inhibitor, which in preclinical studies reversed the immune evasion effect of STK11 loss-of-function mutations.
Show More

Events Timeline

(ET)
2026-06-08
16:30:00
S&P and Nasdaq Bounce Back as Semiconductor Stocks Recover
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2026-06-08
12:10:00
Major Averages Bounce Back, Oil Prices Rise
select

News

NASDAQ.COM
8.5
06-10NASDAQ.COM
Tango Therapeutics Successfully Prices Public Offering
  • Upsized Offering: Tango Therapeutics priced its public offering of 18.17 million shares at $30.00 each, increasing the gross proceeds to approximately $600 million from the previously announced $500 million, reflecting strong market demand for its precision oncology products.
  • Pre-Funded Warrants: The offering includes pre-funded warrants allowing the purchase of up to 1.833 million shares at $29.99 each, enhancing investor participation and interest in the offering.
  • Underwriter Team: J.P. Morgan, Leerink Partners, Cantor, and Stifel are acting as joint book-running managers for the offering, indicating strong market confidence and support for the company.
  • Stock Price Movement: Tango's shares closed at $31.56 on Tuesday, up 2.04%, but dipped slightly to $31.14 in after-hours trading, reflecting a positive investor reaction to the offering news.
seekingalpha
8.5
06-10seekingalpha
Tango Therapeutics Prices Upsized $600M Public Offering
  • Upsized Offering: Tango Therapeutics announced an upsized public offering of 18.17 million shares and 1.83 million pre-funded warrants, with expected gross proceeds of approximately $600 million, reflecting a $100 million increase from the initial target of $500 million, indicating strong market demand for its stock.
  • Pricing Details: The common stock is priced at $30.00 per share, while the pre-funded warrants are priced at $29.999 each, which reflects the public offering price minus a $0.001 exercise price, showcasing the company's flexibility in financing.
  • Underwriter Option: Tango has granted underwriters a 30-day option to purchase an additional 3 million shares at the public offering price, a strategy that could enhance its financing capabilities and attract more investors.
  • Expected Closing Date: The offering is expected to close on or about June 11, 2026, subject to customary closing conditions, demonstrating the company's proactive approach in capital markets.
Newsfilter
8.5
06-10Newsfilter
Tango Therapeutics Prices $600 Million Underwritten Offering
  • Offering Size: Tango Therapeutics announced the pricing of 18,166,667 shares of common stock at $30.00 each and pre-funded warrants for 1,833,395 shares, with expected gross proceeds of approximately $600 million, indicating strong market demand for its precision cancer medicines.
  • Underwriter Selection: J.P. Morgan, Leerink Partners, Cantor, and Stifel are acting as joint bookrunning managers for the offering, reflecting the company's credibility in capital markets and potentially laying the groundwork for future financing activities.
  • Additional Share Option: Tango granted underwriters a 30-day option to purchase an additional 3,000,009 shares, a strategy that not only provides flexibility for further financing but may also enhance investor confidence in the company's growth prospects.
  • Compliance and Transparency: The offering is made pursuant to an effective shelf registration statement filed with the SEC, ensuring compliance and transparency, which helps to bolster investor trust and the company's market image.
Yahoo Finance
8.5
06-10Yahoo Finance
Tango Therapeutics Prices $600 Million Underwritten Offering
  • Offering Size: Tango Therapeutics announced an underwritten offering of 18,166,667 shares at $30 each and pre-funded warrants for 1,833,395 shares, with expected gross proceeds of approximately $600 million, reflecting strong market demand for its precision cancer medicines.
  • Underwriter Selection: The involvement of J.P. Morgan, Leerink Partners, Cantor, and Stifel as joint bookrunning managers indicates significant confidence from these reputable financial institutions, potentially increasing investor interest in Tango.
  • Additional Share Option: Tango has granted underwriters a 30-day option to purchase an additional 3,000,009 shares, a strategy that not only provides the company with added financial flexibility but also allows for scaling up the offering in response to strong market demand.
  • Compliance and Transparency: The offering is made under an effective shelf registration statement filed with the SEC, ensuring compliance and transparency, which enhances investor confidence in the company's future growth prospects.
NASDAQ.COM
8.5
06-09NASDAQ.COM
Tango Therapeutics Shares Surge Over 50% on Positive Trial Data
  • Positive Clinical Trial Data: Tango Therapeutics' Vopimetostat shows a 90% six-month progression-free survival rate in its Phase 1/2 trial for pancreatic cancer, prompting plans to advance to Phase 3, thereby enhancing its competitive edge in cancer treatment.
  • Aspire Biopharma Growth Prospects: Aspire Biopharma aims to file its NDA for high-dose sublingual aspirin by the end of 2026, and its acquisition of Dura Driver Control Systems is expected to generate over $200 million in revenue, further solidifying its market position.
  • Alvotech FDA Application Progress: Alvotech's AVT16 biosimilar application has been accepted for FDA review, which is anticipated to significantly bolster its competitive stance in the biopharmaceutical market, particularly for treating Crohn's disease and ulcerative colitis.
  • Zevra Patent Protection Enhancement: Zevra Therapeutics' MIPLYFFA has been listed in the Orange Book by the U.S. Patent Office, with patent protection extending to 2041, expected to significantly enhance its exclusivity and revenue potential in the rare disease market.
seekingalpha
8.5
06-08seekingalpha
Tango Therapeutics Launches $500M Underwritten Public Offering
  • Offering Size: Tango Therapeutics has announced a public offering of $500 million in common stock, aimed at raising capital to support its research and operational activities.
  • Additional Purchase Option: The company also intends to grant underwriters a 30-day option to purchase an additional $75 million in common stock, which could further enhance its fundraising capabilities.
  • Stock Price Reaction: Following the announcement, TNGX's stock price fell by 2.74% to $30.12, reflecting market caution regarding the financing, which may impact investor confidence.
  • Clinical Progress Context: Tango has recently reported promising clinical results for treating MTAP-deleted pancreatic cancer, and while this financing may affect short-term stock performance, the long-term research potential remains noteworthy.
Wall Street analysts forecast TNGX stock price to rise
7 Analyst Rating
Wall Street analysts forecast TNGX stock price to rise
6 Buy
1 Hold
0 Sell
Strong Buy
Current: 0.000
sliders
Low
12.00
Averages
13.67
High
15.00
Current: 0.000
sliders
Low
12.00
Averages
13.67
High
15.00
Mizuho
Joseph Catanzaro
Outperform
maintain
$20 -> $30
AI Analysis
2026-05-15
Reason
Mizuho
Joseph Catanzaro
Price Target
$20 -> $30
AI Analysis
2026-05-15
maintain
Outperform
Reason
Mizuho analyst Joseph Catanzaro raised the firm's price target on Tango Therapeutics to $30 from $20 and keeps an Outperform rating on the shares post the Q1 report. The firm cites increased front-line pancreatic ductal adenocarcinoma revenue assumptions for the target boost.
Piper Sandler
Overweight
to
Neutral
downgrade
$16 -> $24
2026-05-14
Reason
Piper Sandler
Price Target
$16 -> $24
2026-05-14
downgrade
Overweight
to
Neutral
Reason
Piper Sandler downgraded Tango Therapeutics to Neutral from Overweight with a price target of $24, up from $16.
Unlock Full Analyst Thesis, Get the complete breakdown of rating reason for TNGX
Unlock Now

Valuation Metrics

The current forward P/E ratio for Tango Therapeutics Inc (TNGX.O) is 0.00, compared to its 5-year average forward P/E of -5.54. For a more detailed relative valuation and DCF analysis to assess Tango Therapeutics Inc's fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average PE
-5.54
Current PE
0.00
Overvalued PE
-2.82
Undervalued PE
-8.25

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average EV/EBITDA
-67.67
Current EV/EBITDA
-1017.07
Overvalued EV/EBITDA
146.40
Undervalued EV/EBITDA
-281.73

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average PS
201.08
Current PS
1450.02
Overvalued PS
692.38
Undervalued PS
-290.21

Financials

AI Analysis
Annual
Quarterly

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Whales Holding TNGX

S
Suvretta Capital Management, LLC
Holding
TNGX
+29.37%
3M Return
D
Deerfield Management Company, L.P.
Holding
TNGX
+20.88%
3M Return
N
Nantahala Capital Management, LLC
Holding
TNGX
+17.19%
3M Return
D
Deep Track Capital, LP
Holding
TNGX
+16.77%
3M Return
F
Farallon Capital Management, L.L.C.
Holding
TNGX
+12.80%
3M Return
L
Logos Global Management, L.P.
Holding
TNGX
+12.15%
3M Return

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Frequently Asked Questions

What is Tango Therapeutics Inc (TNGX) stock price today?

The current price of TNGX is 27.97 USD — it has decreased -13.38

What is Tango Therapeutics Inc (TNGX)'s business?

Tango Therapeutics, Inc. is a clinical-stage biotechnology company dedicated to discovering novel drug targets and delivering precision medicine for the treatment of cancer. The Company's novel small molecules are designed to be selectively active in cancer cells with specific genetic alterations, killing those cancer cells while sparing normal cells. The Company is focused on clinical development of two methylthioadenosine phosphorylase (MTAP)-deleted selective PRMT5 inhibitors: vopimetostat (TNG462) for non-CNS cancers, both as a monotherapy and in combination with RAS inhibitors, and TNG456, brain-penetrant protein arginine methyltransferase 5 (PRMT5) inhibitor, for CNS cancers, including glioblastoma (GBM). Its TNG260 is a first-in-class Co-repressor of the Repressor Element-1 Silencing Transcription (CoREST) inhibitor, which in preclinical studies reversed the immune evasion effect of STK11 loss-of-function mutations.

What is the price predicton of TNGX Stock?

Wall Street analysts forecast TNGX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TNGX is13.67 USD with a low forecast of 12.00 USD and a high forecast of 15.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

What is Tango Therapeutics Inc (TNGX)'s revenue for the last quarter?

Tango Therapeutics Inc revenue for the last quarter amounts to 0.00 USD, decreased -100.00

What is Tango Therapeutics Inc (TNGX)'s earnings per share (EPS) for the last quarter?

Tango Therapeutics Inc. EPS for the last quarter amounts to -0.32 USD, decreased -11.11

How many employees does Tango Therapeutics Inc (TNGX). have?

Tango Therapeutics Inc (TNGX) has 137 emplpoyees as of June 21 2026.

What is Tango Therapeutics Inc (TNGX) market cap?

Today TNGX has the market capitalization of 5.26B USD.