H.C. Wainwright Sticks to Their Buy Rating for Decibel Therapeutics (DBTX)

In a report released today, Joseph Pantginis from H.C. Wainwright reiterated a Buy rating on Decibel Therapeutics (DBTXResearch Report), with a price target of $23.00. The company’s shares closed yesterday at $4.29.

According to TipRanks, Pantginis is an analyst with an average return of -20.4% and a 31.05% success rate. Pantginis covers the Healthcare sector, focusing on stocks such as Astria Therapeutics, PDS Biotechnology, and Celldex.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Decibel Therapeutics with a $19.67 average price target.

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DBTX market cap is currently $107.1M and has a P/E ratio of -1.94.

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Decibel Therapeutics Inc is a clinical-stage biotechnology company dedicated to discovering and developing transformative treatments for hearing and balance disorders. It aims to restore and improve hearing and balance through the restoration and regeneration of functional hair cells and non-sensory support cells within the inner ear.

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