
Prelude Therapeutics (PRLD) Stock Forecast & Price Target
Prelude Therapeutics (PRLD) Analyst Ratings
Bulls say
Prelude Therapeutics Inc. has shown promising clinical data supporting the efficacy of its pipeline candidate PRT3789, a first-in-class SMARCA2/BRM protein degrader, with significant pharmacodynamic responses observed at doses starting from the 487mg equivalent in humans. The selection of the 500mg QW dose as the recommended Phase 2 dose aligns with these findings, indicating potential for enhanced treatment outcomes, particularly for patients with SMARCA4-mutated cancers. Furthermore, the observed dose-dependent increases in exposure, along with deep and prolonged SMARCA2 degradation in patient samples, highlight the drug’s potential to address significant unmet medical needs in oncology, contributing to a favorable outlook for the company's stock.
Bears say
Prelude Therapeutics Inc. faces significant risks that contribute to a negative financial outlook, particularly related to its clinical pipeline and regulatory hurdles. Key concerns include the potential for negative clinical results for PRT3789, delays in advancing candidates into registrational programs, and the intense competitive landscape regarding SMARCA2 inhibitors. Additionally, the company's strategy to pause development on PRT3789 in favor of another candidate, PRT7732, raises further questions about the viability and market positioning of its existing therapies.
This aggregate rating is based on analysts' research of Prelude Therapeutics and is not a guaranteed prediction by Public.com or investment advice.
Prelude Therapeutics (PRLD) Analyst Forecast & Price Prediction
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