Fintel reports that on December 16, 2024, Stifel upgraded their outlook for Denali Therapeutics (NasdaqGS:DNLI) from Hold to Buy.
Analyst Price Forecast Suggests 86.85% Upside
As of December 3, 2024, the average one-year price target for Denali Therapeutics is $42.92/share. The forecasts range from a low of $28.28 to a high of $94.50. The average price target represents an increase of 86.85% from its latest reported closing price of $22.97 / share.
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The projected annual revenue for Denali Therapeutics is 169MM, an increase of ∞%. The projected annual non-GAAP EPS is -2.83.
What is the Fund Sentiment?
There are 513 funds or institutions reporting positions in Denali Therapeutics. This is an increase of 40 owner(s) or 8.46% in the last quarter. Average portfolio weight of all funds dedicated to DNLI is 0.15%, an increase of 6.26%. Total shares owned by institutions increased in the last three months by 9.80% to 148,651K shares. 
The put/call ratio of DNLI is 0.31, indicating a bullish outlook.
What are Other Shareholders Doing?
Baillie Gifford holds 13,346K shares representing 9.27% ownership of the company. In its prior filing, the firm reported owning 13,764K shares , representing a decrease of 3.13%. The firm decreased its portfolio allocation in DNLI by 56.07% over the last quarter.
Wellington Management Group Llp holds 10,727K shares representing 7.45% ownership of the company. In its prior filing, the firm reported owning 9,824K shares , representing an increase of 8.42%. The firm decreased its portfolio allocation in DNLI by 81.15% over the last quarter.
VGHCX - Vanguard Health Care Fund Investor Shares holds 8,797K shares representing 6.11% ownership of the company. In its prior filing, the firm reported owning 7,675K shares , representing an increase of 12.76%. The firm increased its portfolio allocation in DNLI by 69.38% over the last quarter.
Capital Research Global Investors holds 7,909K shares representing 5.50% ownership of the company. In its prior filing, the firm reported owning 7,127K shares , representing an increase of 9.89%. The firm increased its portfolio allocation in DNLI by 31.88% over the last quarter.
SMCWX - SMALLCAP WORLD FUND INC holds 5,978K shares representing 4.15% ownership of the company. In its prior filing, the firm reported owning 5,275K shares , representing an increase of 11.76%. The firm increased its portfolio allocation in DNLI by 33.33% over the last quarter.
Denali Therapeutics Background Information
(This description is provided by the company.)
Denali Therapeutics is a biopharmaceutical company developing a broad portfolio of product candidates engineered to cross the blood-brain barrier (BBB) for neurodegenerative diseases. Denali pursues new treatments by rigorously assessing genetically validated targets, engineering delivery across the BBB and guiding development through biomarkers that demonstrate target and pathway engagement. Denali is based in South San Francisco.
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