H.C. Wainwright analyst Ed Arce maintained a Buy rating on Dicerna Pharma (DRNA) today and set a price target of $22. The company’s shares closed yesterday at $12.66.
According to TipRanks.com, Arce is a 4-star analyst with an average return of 10.5% and a 38.6% success rate. Arce covers the Healthcare sector, focusing on stocks such as Madrigal Pharmaceuticals Inc, Arcturus Therapeutics Ltd, and Melinta Therapeutics Inc.
Currently, the analyst consensus on Dicerna Pharma is a Strong Buy with an average price target of $22.67, representing a 79.1% upside. In a report released yesterday, Cowen & Co. also maintained a Buy rating on the stock.
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Based on Dicerna Pharma’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $18.61 million. In comparison, last year the company had a GAAP net loss of $15.58 million.
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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.
