TLDR
- ADAP stock jumped 52% Wednesday and 11% in Thursday pre-market despite Weiss Ratings issuing a rare “Sell (E+)” grade on October 8
- The stock trades down over 60% in 2025 and more than 75% over 12 months, with a 52-week range of $0.04 to $0.91
- Wall Street consensus remains at Hold with three Hold ratings and one Sell, reflecting cautious sentiment on the T-cell therapy company
- Analysts set an average price target of $0.28, implying 33% potential upside but reflecting high uncertainty about the company’s financial outlook
- The rally appears driven by speculative trading momentum rather than fundamental business improvements or positive clinical trial news
Adaptimmune Therapeutics posted a 52% gain Wednesday and added another 11% in Thursday pre-market trading on October 9, 2025. The biotech penny stock is experiencing unusual price momentum.

The catch? Analysts are sounding alarms while the stock climbs.
ADAP remains down over 60% year-to-date. The past 12 months have been brutal, with shares falling more than 75%.
The 52-week range tells the story: $0.04 to $0.91. That’s serious volatility for any stock.
Weiss Ratings Issues Rare Sell Grade
Weiss Ratings assigned ADAP a “Sell (E+)” rating on October 8. This is one of their lowest possible grades.
The E+ rating signals very high risk and poor investment quality. Weiss independently evaluates stocks, ETFs, and other financial instruments.
Their assessment points to serious concerns about the company’s financial health. The timing makes this rally even more interesting.
Guggenheim downgraded ADAP from Buy to Hold back in July. Barclays kept a Sell rating in August.
Wall Street consensus currently sits at Hold. That’s based on three Hold ratings and one Sell from the past three months.
What’s Behind the Price Movement?
The surge looks like speculative momentum rather than fundamental progress. TipRanks AI Stock Analysis gave ADAP a Neutral rating with a 44 out of 100 score.
The company faces declining revenues and ongoing losses. The balance sheet remains weak according to multiple assessments.
Technical indicators show short-term positive momentum. But deeper metrics reveal financial challenges that haven’t disappeared.
The average analyst price target is $0.28. That suggests 33% upside from current levels.
But that target comes with major caveats. Analysts see limited revenue visibility ahead.
The company develops T-cell therapies for solid tumor cancers. No major catalysts are on the immediate radar.
Investors should track clinical trial updates and liquidity trends. Strategic moves could shift the outlook.
Trading Activity and Outlook
The current rally fits a pattern of speculative penny stock trading. Volume has been elevated during the two-day surge.
This suggests active retail participation rather than institutional buying. The disconnect between price and ratings is striking.
ADAP’s penny stock status makes it prone to sharp swings. Short-term traders appear to be driving current action.
The company’s core business in T-cell therapies hasn’t announced new breakthroughs. Wednesday’s 52% jump and Thursday’s pre-market gains reflect market speculation.
Monitoring upcoming trial results will be critical. Any strategic partnerships or financing announcements could impact sentiment going forward.
ADAP extended its rally in Thursday’s pre-market session with an 11% gain following Wednesday’s 52% surge.