William Blair analyst Sami Corwin has maintained their bullish stance on SLDB stock, giving a Buy rating yesterday.
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Sami Corwin has given his Buy rating due to a combination of factors that highlight Solid Biosciences’ strategic advancements and potential for growth. The recent collaboration with Kinea Bio is a significant validation of Solid’s proprietary capsid platform, AAV-SLB101, which is being utilized as a delivery mechanism for gene therapies targeting muscular dystrophies. This partnership not only brings immediate financial benefits through upfront payments and potential milestone earnings but also underscores the industry confidence in Solid’s technology.
Moreover, the collaboration is expected to enhance data generation across various indications, thereby deepening the understanding of the capsid’s performance. This, in turn, reinforces Solid’s expertise and positions the company favorably in the market. Additionally, the company’s ongoing interactions with regulators concerning its lead program, SGT-003, are anticipated to act as a catalyst for the stock, especially in light of recent regulatory changes. These factors collectively contribute to the optimistic outlook and justify the Buy rating.
According to TipRanks, Corwin is a 4-star analyst with an average return of 7.4% and a 46.36% success rate. Corwin covers the Healthcare sector, focusing on stocks such as Ultragenyx Pharmaceutical, Sarepta Therapeutics, and Krystal Biotech.
In another report released yesterday, Cantor Fitzgerald also reiterated a Buy rating on the stock with a $16.00 price target.