Dice Therapeutics (DICE) Receives a Buy from Leerink Partners

Leerink Partners analyst Thomas Smith reiterated a Buy rating on Dice Therapeutics (DICEResearch Report) yesterday and set a price target of $46.00. The company’s shares closed last Thursday at $20.05.

According to, Smith is ranked 0 out of 5 stars with an average return of -30.7% and a 10.8% success rate. Smith covers the Healthcare sector, focusing on stocks such as Connect Biopharma Holdings, Madrigal Pharmaceuticals, and Eledon Pharmaceuticals.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Dice Therapeutics with a $50.50 average price target.

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Based on Dice Therapeutics’ latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $16.2 million. In comparison, last year the company earned revenue of $225K and had a GAAP net loss of $6.02 million.

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DICE Therapeutics Inc is a biopharmaceutical company leveraging proprietary technology platform to build a pipeline of novel oral therapeutic candidates to treat chronic diseases in immunology and other therapeutic areas. The company is initially focused on developing oral therapeutics against well-validated targets in immunology, with the goal of achieving comparable potency to systemic biologic counterparts, which have demonstrated the greatest therapeutic benefit to date in these disease areas.

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