Dyne Therapeutics, the Healthcare sector company, was revisited by a Wall Street analyst yesterday. Analyst Michael Ulz from Morgan Stanley maintained a Buy rating on the stock and has a $48.00 price target.
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Michael Ulz has given his Buy rating due to a combination of factors that highlight the potential of Dyne Therapeutics’ FORCE platform. The recent acquisition of Avidity Biosciences by Novartis underscores the growing interest and validation in muscle-targeted RNA delivery technologies, a space where Dyne is actively competing. Dyne’s proprietary FORCE platform has shown promising early clinical data in treating Duchenne muscular dystrophy (DMD) and myotonic dystrophy type 1 (DM1), suggesting it could be a significant player in this emerging field.
Looking forward, several key catalysts are anticipated to drive momentum for Dyne. The upcoming data from the registrational expansion cohort of the DYN-251 study in DMD, expected by late 2025, is seen as an underappreciated opportunity. Additionally, the mid-2026 data from the ACHIEVE study of z-basivarsen in DM1 is considered a crucial value driver, with the potential for CNS benefits. These developments, coupled with the large market potential for DM1, support the Buy rating as they position Dyne to capitalize on the increasing interest in muscle-targeted RNA platforms.
According to TipRanks, Ulz is a 4-star analyst with an average return of 5.5% and a 44.97% success rate. Ulz covers the Healthcare sector, focusing on stocks such as Ionis Pharmaceuticals, Rhythm Pharmaceuticals, and Kyverna Therapeutics, Inc..
In another report released today, Stifel Nicolaus also reiterated a Buy rating on the stock with a $36.00 price target.