argenx (NASDAQ:ARGX) had its target price increased by research analysts at Wedbush from $130.00 to $131.00 in a research note issued on Tuesday, MarketBeat reports. The firm presently has an “outperform” rating on the stock. Wedbush’s target price would suggest a potential upside of 23.92% from the stock’s current price.

A number of other research firms have also issued reports on ARGX. Stifel Nicolaus started coverage on argenx in a research note on Thursday, September 13th. They issued a “buy” rating and a $139.00 target price on the stock. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $154.00 target price on shares of argenx in a research note on Monday, September 17th. Evercore ISI started coverage on argenx in a research note on Monday, October 15th. They issued an “outperform” rating and a $110.00 target price on the stock. JMP Securities upped their target price on argenx to $150.00 and gave the company an “outperform” rating in a research note on Monday, September 17th. Finally, SunTrust Banks upped their target price on argenx to $132.00 and gave the company an “in-line” rating in a research note on Tuesday, September 18th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $136.00.

ARGX opened at $105.71 on Tuesday. argenx has a 1-year low of $28.83 and a 1-year high of $111.43. The company has a market capitalization of $3.40 billion, a P/E ratio of -75.51 and a beta of 1.67.

Hedge funds have recently bought and sold shares of the stock. Capital Fund Management S.A. purchased a new stake in argenx in the 3rd quarter valued at approximately $212,000. Stevens Capital Management LP purchased a new position in shares of argenx during the 3rd quarter worth $214,000. Wedbush Securities Inc. purchased a new position in shares of argenx during the 3rd quarter worth $258,000. Clear Harbor Asset Management LLC purchased a new position in shares of argenx during the 3rd quarter worth $326,000. Finally, Dimensional Fund Advisors LP lifted its stake in shares of argenx by 22.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 7,559 shares of the company’s stock worth $626,000 after purchasing an additional 1,366 shares during the period. 64.40% of the stock is currently owned by hedge funds and other institutional investors.

argenx Company Profile

argenx SE, a clinical-stage biopharmaceutical company, focuses on developing antibody-based therapies for the treatment of autoimmune diseases and cancer. The company's lead product candidates include ARGX-113 that completed Phase 2 clinical trials for the treatment of autoimmune diseases, including myasthenia gravis, immune thrombocytopenia, and pemphigus vulgaris; and ARGX-110, which is in Phase 1/2 clinical trials for the treatment of T-cell lymphoma, acute myeloid leukemia, and myelodysplastic syndrome.

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Analyst Recommendations for argenx (NASDAQ:ARGX)

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