
REGENXBIO (RGNX) Stock Forecast & Price Target
REGENXBIO (RGNX) Analyst Ratings
Bulls say
Regenxbio Inc. has demonstrated promising clinical outcomes with robust microdystrophin expression and improved functional results at 9 and 12 months for its gene therapy programs, which positions the company favorably within the biotechnology sector. The company's completion of the BLA submission for accelerated approval of RGX-121 for MPS II is a significant milestone that could lead to FDA approval and the potential for a Priority Review Voucher, enhancing its revenue prospects. Despite a net loss of $51.2 million, which was an improvement over estimates, the overall revenue trend and strategic partnerships diversify risks and could favorably impact the company's valuation moving forward.
Bears say
Regenxbio Inc. has reported a decline in revenues, which fell to $83.3 million in FY24 from $90.2 million in 2023, indicating potential challenges in market demand for its gene therapy products. Additionally, the company's significant R&D expenditures, though reduced to $208.5 million from $232.3 million, may not align with the pace of product development needed to sustain investor confidence, particularly if data releases are delayed. Concerns regarding insufficient manufacturing capacity further exacerbate the negative outlook, as these factors could lead to constrained forecasts and diminished market sentiment towards Regenxbio's future performance.
This aggregate rating is based on analysts' research of REGENXBIO and is not a guaranteed prediction by Public.com or investment advice.
REGENXBIO (RGNX) Analyst Forecast & Price Prediction
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