On September 3, 2026, Lake Street upgraded Argan (NYSE:AGX) from a Hold to a Buy rating. This decision followed a prior rating of Hold maintained on June 5, 2026, and comes shortly after Argan’s earnings report on September 2, 2026, where the company reported an EPS of 3.76, exceeding estimates of 2.6684 by +40.91%. The reported revenue was $383.98 billion compared to estimates of $303.62 billion.
As of September 2, 2026, Argan’s stock closed at $410.40, rising to $411.77 on the day of the upgrade. Despite this, the stock has seen a decline of -10.48% over the past week and -30.52% over the past month. The consensus target price for the stock is $661.57, indicating an implied upside of +60.67% from its current valuation.
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