Morgan Stanley Reiterates a Buy Rating on Dyne Therapeutics (DYN), Keeps the PT

Dyne Therapeutics, Inc. (NASDAQ:DYN) is one of the Best Small-Cap Growth Stocks to Buy Right Now. On August 4, Michael Ulz of Morgan Stanley reiterated a Buy rating on Dyne Therapeutics, Inc. (NASDAQ:DYN) with a price target of $48.

The analyst noted that the FDA granted Breakthrough Therapy Designation to the company’s DYNE-251. He noted that this indicates a strong need for new treatments of Duchenne muscular dystrophy. DYNE-251 targets patients who are eligible for exon 51 skipping, which is a specific genetic approach.

Morgan Stanley Reiterates a Buy Rating on Dyne Therapeutics (DYN), Keeps the PT

A lab technician working with chemicals and equipment to create a novel therapeutic drug.

Moreover, the treatment has been showing promising early clinical results, and the designation by the FDA will allow the company to move faster in development and regulatory reviews.

Dyne Therapeutics, Inc. (NASDAQ:DYN) is a clinical-stage company focused on developing treatments for genetically driven neuromuscular diseases.

While we acknowledge the potential of DYN to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than DYN and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.