
Precision Biosciences (DTIL) Stock Forecast & Price Target
Precision Biosciences (DTIL) Analyst Ratings
Bulls say
Precision BioSciences Inc. is experiencing positive momentum through the advancement of its partnered programs, which are validating the clinical potential of its ARCUS genome editing platform in various disease contexts. The company's two wholly-owned ARCUS-based programs are progressing well, underscored by encouraging results from clinical validations led by partners. Additionally, promising preclinical data indicates significant improvements in treated models, with results showing up to 93% of maximum force output and a 66% enhancement in resistance to eccentric injury, highlighting the efficacy and potential of their novel treatments.
Bears say
Precision BioSciences has reported a significant decrease in revenue, primarily attributed to the conclusion of its collaboration with Prevail and Lilly in April 2024, impacting its overall cash position, which fell from an estimated $122 million to approximately $100 million as of March 31. This decline in revenue is further exacerbated by a reduction in contributions from the Novartis agreement, as the company approaches the completion of preclinical work. The company’s reliance on a $2.5 million license agreement with TGTherapeutics does not sufficiently mitigate the overall revenue decrease, indicating potential challenges in its revenue generation and financial stability moving forward.
This aggregate rating is based on analysts' research of Precision Biosciences and is not a guaranteed prediction by Public.com or investment advice.
Precision Biosciences (DTIL) Analyst Forecast & Price Prediction
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