$29.18
3.09% today
Nasdaq, Dec 30, 10:00 pm CET
ISIN
US05370A1088
Symbol
RNA
Sector
Industry

Avidity Biosciences Inc Target price 2024 - Analyst rating & recommendation

Avidity Biosciences Inc Classifications & Recommendation:

Buy
100%

Avidity Biosciences Inc Price Target

Target Price $68.27
Price $29.18
Potential
Number of Estimates 11
11 Analysts have issued a price target Avidity Biosciences Inc 2025 . The average Avidity Biosciences Inc target price is $68.27. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 11 analysts: 11 Analysts recommend Avidity Biosciences Inc to buy, 0 to hold and 0 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the Avidity Biosciences Inc stock has an average upside potential 2025 of . Most analysts recommend the Avidity Biosciences Inc stock at Purchase.

Sales and Margin forecast 2024, 2025 to 2028

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Quarter Annually
Dec '23 2024
Estimates
Revenue Million $ 9.56 9.75
3.69% 1.99%
EBITDA Margin -2,442.47% -3,626.41%
26.85% 48.47%
Net Margin -3,619.24% -3,453.59%
15.97% 4.58%

8 Analysts have issued a sales forecast Avidity Biosciences Inc 2024 . The average Avidity Biosciences Inc sales estimate is

$9.8m
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. This is
3.66% lower
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$12.8m 26.48%
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, the lowest is
$7.9m 21.94%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 $9.6m 3.69%
2024
$9.8m 1.99%
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2025
$7.1m 27.07%
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2026
$21.9m 207.82%
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2027
$308m 1,306.14%
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2028
$862m 180.04%
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2 Analysts have issued an Avidity Biosciences Inc EBITDA forecast 2024. The average Avidity Biosciences Inc EBITDA estimate is

$-354m
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. This is
9.79% lower
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$-353m 9.75%
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, the lowest is
$-354m 9.83%
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.

This results in the following potential growth metrics and future EBITDA Margins:

EBITDA Estimates

2023 $-234m 31.53%
2024
$-354m 51.42%
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2025
$-414m 17.02%
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2026
$-433m 4.70%
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EBITDA Margin

2023 -2,442.47% 26.85%
2024
-3,626.41% 48.47%
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2025
-5,818.35% 60.44%
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2026
-1,978.98% 65.99%
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5 Avidity Biosciences Inc Analysts have issued a net profit forecast 2024. The average Avidity Biosciences Inc net profit estimate is

$-337m
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. This is
2.35% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$-307m 11.04%
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, the lowest is
$-358m 3.79%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2023 $-346m 12.87%
2024
$-337m 2.68%
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2025
$-399m 18.36%
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2026
$-444m 11.43%
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2027
$-485m 9.24%
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2028
$-348m 28.19%
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Net Margin

2023 -3,619.24% 15.97%
2024
-3,453.59% 4.58%
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2025
-5,604.65% 62.28%
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2026
-2,028.81% 63.80%
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2027
-157.61% 92.23%
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2028
-40.42% 74.35%
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Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 to 2028

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Quarter Annually
Dec '23 2024
Estimates
Earnings Per Share $ -2.91 -2.83
12.87% 2.75%
P/E negative
EV/Sales 206.30

5 Analysts have issued a Avidity Biosciences Inc forecast for earnings per share. The average Avidity Biosciences Inc <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS is

$-2.83
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. This is
2.41% higher
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than earnings per share in the financial year 2023. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is
$-2.58 11.03%
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, the lowest is
$-3.01 3.79%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2023 $-2.91 12.87%
2024
$-2.83 2.75%
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2025
$-3.35 18.37%
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2026
$-3.74 11.64%
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2027
$-4.08 9.09%
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2028
$-2.93 28.19%
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P/E ratio

Current -10.39 237.34%
2024
-10.63 2.31%
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2025
-8.98 15.52%
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2026
-8.06 10.24%
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2027
-7.38 8.44%
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2028
-10.28 39.30%
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Based on analysts' sales estimates for 2024, the Avidity Biosciences Inc stock is valued at an <a href=https://blog.stocksguide.com/knowledge/enterprise-value-sales-simply-explained>EV/Sales of

206.30
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and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of
368.45
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.

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 198.75 1,235.69%
2024
206.30 3.80%
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2025
282.85 37.11%
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2026
91.89 67.51%
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2027
6.53 92.89%
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2028
2.33 64.29%
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P/S ratio

Current 354.98 427.14%
2024
368.45 3.79%
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2025
505.18 37.11%
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2026
164.12 67.51%
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2027
11.67 92.89%
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2028
4.17 64.29%
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