Argenx SE Surpasses Analyst Target Price: What Should Investors Do Next?
In recent trading, shares of argenx SE (Symbol: ARGX) have surpassed the average analyst 12-month target price of $558.77, trading at $565.00 per share. When a stock hits its target price, analysts typically face two choices: downgrade their rating due to overvaluation, or raise their target price based on positive developments. Their decision can hinge on the company’s recent performance and outlook.
Currently, there are 22 different analyst targets contributing to the average target for argenx SE. While the average represents a consensus, variations exist—some analysts set lower targets, such as $439.00, while others project a peak at $640.00. The standard deviation among these targets is $50.962, indicating a range of opinions.
The purpose of examining the average price target for ARGX is to leverage collective insights from numerous analysts, rather than relying on a single expert’s viewpoint. With the stock now above the average target of $558.77/share, it presents an important question for investors: Is this price simply a milestone on the way to higher valuations, or has the stock become overvalued, warranting a reconsideration of their positions? Below is a summary table reflecting the current analyst ratings for argenx SE:
| Recent ARGX Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 22 | 22 | 22 | 19 |
| Buy ratings: | 0 | 0 | 0 | 0 |
| Hold ratings: | 5 | 4 | 4 | 6 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 1.37 | 1.31 | 1.31 | 1.48 |
The average rating shown above uses a scale from 1 to 5, where 1 represents a Strong Buy, and 5 a Strong Sell. This analysis is based on data provided by Zacks Investment Research through Quandl.com. For the latest research report on ARGX, visit Zacks.
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The views and opinions expressed herein are solely those of the author and do not necessarily reflect those of Nasdaq, Inc.
