Dicerna Pharmaceuticals Price Target Cut to $42.00 (DRNA)
Stock analysts at Leerink Swann decreased their price objective on shares of Dicerna Pharmaceuticals (NASDAQ:DRNA) from $48.00 to $42.00 in a report issued on Friday. Leerink Swann’s price target would suggest a potential upside of 212.50% from the company’s current price.
Shares of Dicerna Pharmaceuticals (NASDAQ:DRNA) opened at 13.45 on Friday. Dicerna Pharmaceuticals has a 52-week low of $13.33 and a 52-week high of $46.00. The stock has a 50-day moving average of $17.08 and a 200-day moving average of $23.81. The company’s market cap is $238.9 million.
Dicerna Pharmaceuticals (NASDAQ:DRNA) last announced its earnings results on Thursday, August 7th. The company reported ($0.64) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.47) by $0.17. On average, analysts predict that Dicerna Pharmaceuticals will post $-2.27 earnings per share for the current fiscal year.
Separately, analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Dicerna Pharmaceuticals in a research note on Wednesday, May 14th. They now have a $44.00 price target on the stock, down previously from $53.00.
Dicerna Pharmaceuticals, Inc is a biopharmaceutical company. The Company focused on the discovery and development of treatments for rare inherited diseases involving the liver and for cancers that are genetically defined.
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