Avidity Biosciences, Inc., a biopharmaceutical company, engages in the development of oligonucleotide-based therapies. It develops antibody oligonucleotide conjugates (AOC) that are designed to treat a range of serious diseases. The company's lead product candidate AOC 1001 is used for the treatment of myotonic dystrophy type 1, a rare monogenic muscle disease; and to design, engineer, and develop therapeutics that combine tissue selectivity of monoclonal antibodies and the precision of oligonucleotide therapies to access previously undruggable tissue and cell types, and target underlying genetic drivers of diseases. In addition, it develops muscle programs, which focuses on the treatment of facioscapulohumeral muscular dystrophy, Duchenne muscular dystrophy, muscle atrophy, and Pompe diseases. Avidity Biosciences, Inc. was incorporated in 2012 and is based in La Jolla, California.
IPO Year: 2020
Exchange: NASDAQ
Website: aviditybiosciences.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/17/2025 | $55.00 | Outperform | Wolfe Research |
| 6/11/2025 | $65.00 | Strong Buy | Raymond James |
| 3/13/2025 | $70.00 | Buy | Citigroup |
| 3/12/2025 | $72.00 | Outperform | BMO Capital Markets |
| 3/7/2025 | $70.00 | Sector Outperform | Scotiabank |
| 12/20/2024 | $72.00 | Buy | H.C. Wainwright |
| 11/26/2024 | $67.00 | Outperform | RBC Capital Mkts |
| 9/24/2024 | $59.00 | Buy | Goldman |
| 8/28/2024 | $63.00 | Overweight | Barclays |
| 5/3/2024 | $40.00 | Buy | BofA Securities |
Wolfe Research initiated coverage of Avidity Biosciences with a rating of Outperform and set a new price target of $55.00
Raymond James initiated coverage of Avidity Biosciences with a rating of Strong Buy and set a new price target of $65.00
Citigroup initiated coverage of Avidity Biosciences with a rating of Buy and set a new price target of $70.00
BMO Capital Markets initiated coverage of Avidity Biosciences with a rating of Outperform and set a new price target of $72.00
Scotiabank initiated coverage of Avidity Biosciences with a rating of Sector Outperform and set a new price target of $70.00
H.C. Wainwright initiated coverage of Avidity Biosciences with a rating of Buy and set a new price target of $72.00
RBC Capital Mkts initiated coverage of Avidity Biosciences with a rating of Outperform and set a new price target of $67.00
Goldman initiated coverage of Avidity Biosciences with a rating of Buy and set a new price target of $59.00
Barclays initiated coverage of Avidity Biosciences with a rating of Overweight and set a new price target of $63.00
BofA Securities initiated coverage of Avidity Biosciences with a rating of Buy and set a new price target of $40.00