
Prelude Therapeutics (PRLD) Stock Forecast & Price Target
Prelude Therapeutics (PRLD) Analyst Ratings
Bulls say
Prelude Therapeutics Inc. is building a positive investment narrative based on significant advancements within its pipeline, particularly with PRT3789, a first-in-class SMARCA2/BRM protein degrader. Clinical results indicate a strong proof-of-concept for SMARCA2 degradation in treating SMARCA4-mutated cancers, highlighted by the selection of a 500mg QW dose as the recommended Phase 2 dose, which shows promising dose-dependent pharmacodynamic responses. The provided data reflects rising doses leading to greater efficacy, underscoring the potential for transformative impact in the oncology space and signaling strong prospects for the company's therapeutic candidates.
Bears say
Prelude Therapeutics faces several significant risks that contribute to a negative outlook on its stock, including the potential for unfavorable clinical results for key drug candidate PRT3789 and possible delays in advancing its pipeline candidates into registrational programs. The company also grapples with the challenges of obtaining timely regulatory approvals and navigating a competitive landscape, particularly concerning other SMARCA2 inhibitors and degraders currently under development. Additionally, there is a concern regarding long-term dilution risk which could affect shareholder value.
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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