After Cowen & Co. and H.C. Wainwright gave Dicerna Pharma (NASDAQ: DRNA) a Buy rating last month, the company received another Buy, this time from Chardan Capital. Analyst Keay Nakae reiterated a Buy rating on Dicerna Pharma today and set a price target of $18. The company’s shares closed yesterday at $12.14.
According to TipRanks.com, Nakae is ranked 0 out of 5 stars with an average return of -14.1% and a 31.7% success rate. Nakae covers the Healthcare sector, focusing on stocks such as Arbutus Biopharma Corporation, Arcturus Therapeutics Ltd, and BioSig Technologies Inc.
Currently, the analyst consensus on Dicerna Pharma is a Strong Buy with an average price target of $22.67, representing an 86.7% upside. In a report issued on May 2, Cowen & Co. also maintained a Buy rating on the stock.
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The company has a one-year high of $17.98 and a one-year low of $9.31. Currently, Dicerna Pharma has an average volume of 508.5K.
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Dicerna Pharmaceuticals, Inc. is a biopharmaceutical company, which engages in the discovery and development of treatments for rare diseases, chronic liver diseases, cardiovascular disease, and viral liver infectious diseases. The firm uses its proprietary GalXC RNAi technology platform to build a pipeline in these therapeutic areas.
