argenx (ARGX) Stock Forecast & Price Target

$605.92 +9.18 (+1.54%)

(As of 11/22/2024 ET)

argenx - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 23 Analyst Ratings

Sell
0

Hold
3

Buy
20

Based on 23 Wall Street analysts who have issued ratings for argenx in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 23 analysts, 3 have given a hold rating, 19 have given a buy rating, and 1 has given a strong buy rating for ARGX.

Consensus Price Target

$630.42
4.04% Upside

According to the 23 analysts' twelve-month price targets for argenx, the average price target is $630.42. The highest price target for ARGX is $715.00, while the lowest price target for ARGX is $500.00. The average price target represents a forecasted upside of 4.04% from the current price of $605.92.

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ARGX Analyst Ratings Over Time

Type	Current Forecast 11/26/23 to 11/25/24	1 Month Ago 10/27/23 to 10/26/24	3 Months Ago 8/28/23 to 8/27/24	1 Year Ago 11/26/22 to 11/26/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	19 Buy rating(s)	17 Buy rating(s)	18 Buy rating(s)	16 Buy rating(s)
Hold	3 Hold rating(s)	4 Hold rating(s)	3 Hold rating(s)	2 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$630.42	$550.44	$547.74	$547.11
Forecasted Upside	4.04% Upside	-1.15% Downside	6.02% Upside	10.57% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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ARGX Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

ARGX Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

argenx Stock vs. The Competition

Type	argenx	Medical Companies	S&P 500
Consensus Rating Score	2.91	2.80	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	4.04% Upside	27,073.48% Upside	7.66% Upside
News Sentiment Rating	Neutral News See Recent ARGX News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/21/2024	Oppenheimer 3 of 5 stars		Reiterated Rating	Outperform ➝ Outperform	$646.00 ➝ $675.00	+14.38%
11/21/2024	Evercore ISI 2 of 5 stars		Boost Target	Outperform ➝ Outperform	$675.00 ➝ $706.00	+19.29%
11/20/2024	HC Wainwright 2 of 5 stars		Reiterated Rating	Buy ➝ Buy	$617.00 ➝ $617.00	+5.81%
11/12/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Chen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Peer Perform ➝ Outperform	$697.00	+18.35%
11/5/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	G. Farmer Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Sector Perform ➝ Sector Outperform	$439.00 ➝ $715.00	+21.46%
11/4/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$640.00 ➝ $670.00	+12.61%
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11/1/2024	Baird R W Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Beatty Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
11/1/2024	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$585.00 ➝ $665.00	+10.12%
11/1/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$547.00 ➝ $639.00	+4.79%
11/1/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$553.00 ➝ $620.00	+5.06%
11/1/2024	JMP Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Outperform ➝ Market Outperform	$497.00 ➝ $606.00	+3.36%
11/1/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Neutral	$515.00 ➝ $650.00	+10.86%
11/1/2024	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Minter Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Market Perform ➝ Outperform
10/31/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$540.00 ➝ $660.00	+13.91%
10/17/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$512.00 ➝ $635.00	+16.89%
10/10/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Brill Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Strong-Buy	$605.00	+16.23%
10/4/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold
8/6/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Pitman Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Equal Weight ➝ Overweight
7/26/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$519.00 ➝ $560.00	+13.62%
6/24/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$535.00 ➝ $607.00	+40.57%
6/24/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$485.00 ➝ $500.00	+14.82%
5/28/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$515.00 ➝ $510.00	+39.29%
12/12/2023	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$612.00 ➝ $641.00	+41.35%
10/2/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$605.00 ➝ $628.00	+29.56%
7/24/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral	$480.00 ➝ $570.00	+3.93%
6/15/2023	Societe Generale Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Sell
5/5/2023	888 Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
3/3/2023	Leerink Partners Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$430.00 ➝ $435.00	+25.00%
3/3/2023	SVB Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$430.00 ➝ $435.00	+26.07%
1/25/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$441.00 ➝ $458.00	+19.73%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 08:35 AM ET.

Should I Buy argenx Stock? ARGX Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, November 22, 2024. Please send any questions or comments about these argenx pros and cons to contact@marketbeat.com.

argenx
Bull Case

Here are some ways that investors could benefit from investing in argenx SE:

Recent earnings report showed a significant earnings per share (EPS) of $1.39, surpassing the consensus estimate of $0.10 by $1.29, indicating strong financial performance.
The company generated revenue of $588.88 million, exceeding analyst expectations of $543.29 million, which reflects robust business growth and market demand for its therapies.
Analysts project an EPS of 2.2 for the current fiscal year, suggesting potential for continued profitability and growth in earnings.
Institutional investors hold 60.32% of the company's stock, indicating strong confidence from large financial entities, which can be a positive signal for retail investors.
The current stock price is around $615.50, with a majority of analysts rating it as a "Moderate Buy," suggesting that there is potential for price appreciation.

argenx
Bear Case

Investors should be bearish about investing in argenx SE for these reasons:

Despite the positive earnings report, argenx SE has a negative return on equity of 1.45%, which indicates that the company is not generating a profit from its equity investments.
The company has a negative net margin of 2.11%, suggesting that it is currently spending more than it earns, which could be a concern for long-term profitability.
Some analysts have downgraded their ratings, with Deutsche Bank cutting its rating from "buy" to "hold," indicating a cautious outlook on the stock's performance.
Market volatility and competition in the biotechnology sector can pose risks to argenx SE's growth and stock performance, making it a potentially risky investment.
Recent changes in institutional holdings, while showing increased investment, also reflect a potential for volatility as large investors adjust their positions.

ARGX Forecast - Frequently Asked Questions

: According to the research reports of 23 Wall Street equities research analysts, the average twelve-month stock price forecast for argenx is $630.42, with a high forecast of $715.00 and a low forecast of $500.00.
: 23 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for argenx in the last year. There are currently 3 hold ratings, 19 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ARGX shares.
: According to analysts, argenx's stock has a predicted upside of 4.04% based on their 12-month stock forecasts.
: Over the previous 90 days, argenx's stock had 3 upgrades and 3 downgrades by analysts.
: argenx has been rated by research analysts at Baird R W, Citigroup, Deutsche Bank Aktiengesellschaft, Evercore ISI, Guggenheim, HC Wainwright, JMP Securities, JPMorgan Chase & Co., Oppenheimer, Piper Sandler, Raymond James, Robert W. Baird, Scotiabank, Truist Financial, Wells Fargo & Company, William Blair, and Wolfe Research in the past 90 days.
: Analysts like argenx more than other "medical" companies. The consensus rating score for argenx is 2.91 while the average consensus rating score for "medical" companies is 2.80. Learn more on how ARGX compares to other companies.

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This page (NASDAQ:ARGX) was last updated on 11/25/2024 by MarketBeat.com Staff

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argenx (ARGX) Stock Forecast & Price Target