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RNA Stock 12 Month Forecast
Average Price Target
$66.78
▲(44.08% Upside)
Based on 19 Wall Street analysts offering 12 month price targets for Avidity Biosciences in the last 3 months. The average price target is $66.78 with a high forecast of $96.00 and a low forecast of $49.00. The average price target represents a 44.08% change from the last price of $46.35.
Avidity Biosciences (RNA) Gets a Buy from BernsteinWe rate RNA Outperform. We raise our PT to $52, reflecting higher multiples on peak sales and adjustments to sales estimates.
Avidity Biosciences: Strong Buy Rating Backed by Promising Clinical Outcomes and Robust Financial PositionWethink this AA pathway is low risk given multiple regulatory precedent approvals for current DMD drugs. In July 2024, RNA announced del-zota was granted breakthrough designation by FDA.
Promising Potential of Avidity Biosciences: Buy Rating Affirmed by Ananda GhoshValuation and Risks. Our price target of $68 is based on an equally weighted composite of: (a) $82/share, as a 25x multiple of taxed and diluted 2034 EPS of $9/share discounted back to and (b) an NPV discounted cash flow of $54/share, with a discount rate of 11% and growth rate of 2%. These assumptions are in-line with the expected P/E multiple and discount rates of an early developmental-stage biopharmaceutical company.
We resumed coverage of the Emerging Biotechnology sector last week, including 19 stocks, with Buy ratings on AMLX, AVBP, RNA, CGON, NBIX, RYTM, ROIV, and SNDX, and Sell ratings on ALT and GERN.
Avidity Biosciences (RNA) Gets a Buy from BernsteinWe rate RNA Outperform. We raise our PT to $52, reflecting higher multiples on peak sales and adjustments to sales estimates.
Avidity Biosciences: Strong Buy Rating Backed by Promising Clinical Outcomes and Robust Financial PositionWethink this AA pathway is low risk given multiple regulatory precedent approvals for current DMD drugs. In July 2024, RNA announced del-zota was granted breakthrough designation by FDA.
Promising Potential of Avidity Biosciences: Buy Rating Affirmed by Ananda GhoshValuation and Risks. Our price target of $68 is based on an equally weighted composite of: (a) $82/share, as a 25x multiple of taxed and diluted 2034 EPS of $9/share discounted back to and (b) an NPV discounted cash flow of $54/share, with a discount rate of 11% and growth rate of 2%. These assumptions are in-line with the expected P/E multiple and discount rates of an early developmental-stage biopharmaceutical company.
We resumed coverage of the Emerging Biotechnology sector last week, including 19 stocks, with Buy ratings on AMLX, AVBP, RNA, CGON, NBIX, RYTM, ROIV, and SNDX, and Sell ratings on ALT and GERN.
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The Best Analyst Covering tool allows you to follow the analysts who have the best success rates and average returns on a specific stock. Only analysts that gave a Buy or Sell rating on the stock in the past 12 months are eligible for inclusion in this tool. Follow the analysts of your choice to receive real-time updates when they publish a new rating.
RNA Analyst Recommendation Trends
Rating
Apr 25
May 25
Jun 25
Jul 25
Aug 25
Strong Buy
25
26
32
34
28
Buy
1
1
0
1
10
Hold
1
4
6
11
11
Sell
1
0
0
0
0
Strong Sell
0
0
0
0
0
total
28
31
38
46
49
In the current month, RNA has received 38Buy Ratings, 11Hold Ratings, and 0Sell Ratings. RNA average Analyst price target in the past 3 months is 66.78.
Each month's total comprises the sum of three months' worth of ratings.
RNA Financial Forecast
RNA Earnings Forecast
Next quarter’s earnings estimate for RNA is -$1.14 with a range of -$1.78 to -$0.61. The previous quarter’s EPS was -$1.21. RNA beat its EPS estimate 25.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 57.04% of the time in the same period. In the last calendar year RNA has Outperformed its overall industry.
Next quarter’s earnings estimate for RNA is -$1.14 with a range of -$1.78 to -$0.61. The previous quarter’s EPS was -$1.21. RNA beat its EPS estimate 25.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 57.04% of the time in the same period. In the last calendar year RNA has Outperformed its overall industry.
RNA Sales Forecast
Next quarter’s sales forecast for RNA is $1.95M with a range of $0.00 to $3.85M. The previous quarter’s sales results were $3.85M. RNA beat its sales estimates 50.00% of the time in past 12 months, while its overall industry beat sales estimates 47.27% of the time in the same period. In the last calendar year RNA has Outperformed its overall industry.
Next quarter’s sales forecast for RNA is $1.95M with a range of $0.00 to $3.85M. The previous quarter’s sales results were $3.85M. RNA beat its sales estimates 50.00% of the time in past 12 months, while its overall industry beat sales estimates 47.27% of the time in the same period. In the last calendar year RNA has Outperformed its overall industry.
RNA Stock Forecast FAQ
What is RNA’s average 12-month price target, according to analysts?
Based on analyst ratings, Avidity Biosciences Inc’s 12-month average price target is 66.78.
What is RNA’s upside potential, based on the analysts’ average price target?
Avidity Biosciences Inc has 44.08% upside potential, based on the analysts’ average price target.
Can I see which stocks the top-ranking analysts are rating?
Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.
How can I follow the stock ratings of top Wall Street analysts?
Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.
Is RNA a Buy, Sell or Hold?
Avidity Biosciences Inc has a consensus rating of Strong Buy which is based on 18 buy ratings, 1 hold ratings and 0 sell ratings.
What is Avidity Biosciences Inc’s price target?
The average price target for Avidity Biosciences Inc is 66.78. This is based on 19 Wall Streets Analysts 12-month price targets, issued in the past 3 months. The highest analyst price target is $96.00 ,the lowest forecast is $49.00. The average price target represents 44.08% Increase from the current price of $46.35.
What do analysts say about Avidity Biosciences Inc?
Avidity Biosciences Inc’s analyst rating consensus is a Strong Buy. This is based on the ratings of 19 Wall Streets Analysts.
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