H.C. Wainwright analyst Ananda Ghosh maintained a Buy rating on Dyne Therapeutics today and set a price target of $38.00.
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Ananda Ghosh has given his Buy rating due to a combination of factors related to Dyne Therapeutics’ promising clinical developments and strategic positioning. The recent updates on DYNE-101 indicate that vHOT could potentially serve as a primary endpoint for accelerated approval, showcasing a significant improvement in myotonia which aligns with proof-of-concept results from other industry players. This alignment not only strengthens the clinical case but also streamlines the commercial pathway for Dyne.
Additionally, the data from the ACHIEVE trial supports the use of quantitative muscle testing and other functional measures as critical components for full approval. These measures have shown consistent improvements, such as a notable increase in QMT and patient-reported outcomes, which could satisfy regulatory requirements and differentiate DYNE-101 in the market. Moreover, the progress in the DYNE-251 program, with its robust clinical profile and promising data expected in late 2025, further solidifies Dyne’s potential for successful commercialization and regulatory approval.
In another report released yesterday, Chardan Capital also maintained a Buy rating on the stock with a $38.00 price target.