viewDyadic International Inc

Noble Capital repeats Outperform rating on Dyadic International on the promise of its C1 antigen

Analysts were impressed with Dyadic's research collaboration efforts

Dyadic at the Nasdaq
Noble decided to maintain the optimistic $11 price target it set in November

Analysts at Noble Capital Markets reiterated an Outperform rating and an $11 price target for Dyadic International Inc (NASDAQ:DYAI), citing a belief in the company’s proprietary C1 enzyme production platform in a recent analyst note. 

“We continue to believe in C1 technology's potential in biologics manufacturing, which has been further validated by the recent expansion of ongoing research collaborations,” Noble wrote. “We think various partnerships and collaborations, in addition to in-house efforts, will continue to generate data proving C1 expression system's value in the biologics market, which is expected to reach over $300 billion by 2022.”

The analysts were impressed with Dyadic’s collaboration efforts. The Jupiter, Florida-based company recently expanded its work with the Zoonoses Anticipation and Preparedness Initiative (ZAPI), a disease response organization, to express a pair of additional proteins based on preliminary results from earlier animal studies.

READ: Dyadic International says C1 antigen shows strong performance in protecting animals from devastating virus

In addition, Noble noted, Dyadic entered a collaboration with a Top 10 pharmaceutical company, which expanded its portfolio to six proof of concept research collaborations, and reached a deal with an affiliate of a Top 25 company to further evaluate its C1 technology.

Ultimately, Noble decided to maintain the optimistic price target it set in November.

“In our view, the current stock price does not reflect the value of Dyadic's portfolio,” analysts wrote. “We believe Dyadic's stock price is poised to move higher upon additional data and collaborations in 2020. We are reiterating our Outperform rating and $11 price target.”

Shares of Dyadic traded at $5.15 on Wednesday.

Contact Andrew Kessel at [email protected] 

Follow him on Twitter @andrew_kessel

Quick facts: Dyadic International Inc

Price: 8.76 USD

Market: NASDAQ
Market Cap: $240.63 m


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Dyadic International Inc named herein, including the promotion by the Company of Dyadic International Inc in any Content on the Site, the...



Full interview: Dyadic paves the way for patients to gain access to low-cost...

Dyadic (NASDAQ) President and CEO Mark Emalfarb joined Steve Darling from Proactive Vancouver with news the company continues to very busy even with the COVID-19 crisis. Emalfarb discussing what the company is doing with other partners to help battle the virus.  Emalfarb also telling...

on 1/4/20

2 min read