PEPG Similar Chart Price Prediction
The price of PEPG is predicted to go up 28.06%, based on the high correlation periods with SHFS. The similarity of these two price pattern on the periods is 99.37%.
PEPG
SHFS
Up: 28.06%Similarity: 99.37%
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PEPG Analyst's Forecast
Tazeen Ahmad
B of A Securities
Hold
Price Target
$10 → $6
Upside
+45.28%
BofA lowered the firm's price target on PepGen to $6 from $10 and keeps a Neutral rating on the shares after the company announced several changes to the eligibility criteria for the 10mg/kg dose cohort in its Phase 2 trial evaluating PGN-EDO51 in Duchenne muscular dystrophy, or DMD, patients amenable to exon 51 skipping. While the firm agrees with the trial design changes, it continues to hold a conservative view on the program and lowers its target for the delayed timelines as it looks for clarity on the company's competitive positioning in the exon skipping space, the analyst tells investors.