Stock of the Day

September 20, 2024

Viridian Therapeutics (VRDN)

$23.16
+$0.08 (+0.3%)
Market Cap: $2.61B

About Viridian Therapeutics

Viridian Therapeutics, Inc., a biotechnology company, discover and develops treatments for serious and rare diseases. The company's product pipeline includes VRDN-001, a monoclonal antibody targeting insulin-like growth factor-1 receptor that is in Phase 3 clinical trial for the treatment of thyroid eye disease (TED); and VRDN-003, a next generation IGF-1R humanized monoclonal antibodies targeting IGF-1R and incorporating half-life extension technology for the treatment of TED. It also provides VRDN-006 a preclinical program for autoimmune disease. In addition, the company offers VRDN-006 and VRDN-008 a preclinical program for autoimmune disease. The company was formerly known as Miragen Therapeutics, Inc. and changed its name to Viridian Therapeutics, Inc. in January 2021.Viridian Therapeutics, Inc. was founded in 2010 and is headquartered in Waltham, Massachusetts.

Today's Trend

Viridian Therapeutics, Inc. (NASDAQ: VRDN) is receiving mixed analyst signals. Bullish ratings and a higher price target are supporting investor sentiment, while reduced earnings forecasts and expectations for limited near-term revenue growth remain headwinds.

  • Truist raises price target: Truist Financial increased its target for Viridian from $38 to $39 and maintained a “Buy” rating, implying substantial potential upside based on the referenced share price. Benzinga
  • LifeSci Capital issues a Buy rating: The favorable recommendation adds to the positive analyst coverage surrounding Viridian and may reinforce confidence in the company’s pipeline and longer-term commercial prospects. LifeSci Capital Buy Rating
  • Analyst expectations remain focused on future profitability: Viridian is still expected to report substantial losses in 2026, with the broader consensus calling for a full-year loss of $3.87 per share. HC Wainwright’s estimates imply a possible return to profitability by 2030, but the timeline remains distant.
  • RBC sees minimal second-half revenue growth: RBC Capital Markets reportedly expects limited revenue expansion during the second half of 2026, a concern for investors seeking evidence of accelerating commercialization. RBC Revenue Growth Outlook
  • HC Wainwright cuts multiyear EPS forecasts: The firm reduced its loss estimates for the third and fourth quarters of 2026 and lowered forecasts for fiscal 2027 through 2029. Its 2030 earnings estimate was also cut from $0.90 to $0.40 per share, indicating slower anticipated progress toward profitability. HC Wainwright Earnings Estimates

Overall, VRDN’s recent strength appears to be supported by bullish analyst ratings and price-target upgrades, although weaker revenue expectations and downward revisions to earnings forecasts could limit gains and increase volatility.

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