
Prelude Therapeutics (PRLD) Stock Forecast & Price Target
Prelude Therapeutics (PRLD) Analyst Ratings
Bulls say
Prelude Therapeutics is gaining recognition for its innovative approach in precision oncology, particularly with its promising drug candidates focused on addressing significant unmet clinical needs. Notably, the results from clinical trials indicate that PRT3789, a first-in-class SMARCA2/BRM protein degrader, shows a dose-dependent relationship between increased drug exposure and enhanced efficacy in treating SMARCA4-mutated cancers. Furthermore, the selection of a 500mg QW dose as the recommended Phase 2 dose signifies a strategic advancement in the development of this therapy, enhancing investor confidence in the company's pipeline and overall growth potential.
Bears say
Prelude Therapeutics is facing significant risks that contribute to a negative outlook on its stock, primarily stemming from potential negative clinical outcomes for its lead candidate, PRT3789, which has now been deprioritized in favor of another candidate, PRT7732. Additionally, there are concerns over potential delays in advancing clinical candidates into registrational programs, along with challenges in obtaining timely regulatory approvals amidst a competitive landscape for cancer therapies. Furthermore, the company is exposed to long-term dilution risks, which may adversely affect shareholder value and investor confidence.
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
Start investing in Prelude Therapeutics (PRLD)
Order type
Buy in
Order amount
Est. shares
0 shares