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Argenx Se (ARGX) Gets a Buy Rating from Wedbush


Wedbush analyst David Nierengarten maintained a Buy rating on Argenx Se (ARGX) today and set a price target of $131. The company’s shares opened today at $107.78, close to its 52-week high of $111.43.

According to TipRanks.com, Nierengarten is a 5-star analyst with an average return of 25.8% and a 48.6% success rate. Nierengarten covers the Healthcare sector, focusing on stocks such as Applied Genetic Technologies, Voyager Therapeutics Inc, and Orchard Therapeutics PLC.

Argenx Se has an analyst consensus of Strong Buy, with a price target consensus of $140.83, representing a 30.7% upside. In a report released yesterday, Piper Jaffray also reiterated a Buy rating on the stock with a $161 price target.

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The company has a one-year high of $111.43 and a one-year low of $28.84. Currently, Argenx Se has an average volume of 320.3K.

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argenx SE is a clinical-stage biotechnology company, which engages in the research and development of human monoclonal antibodies for the treatment of cancer and oncological, autoimmune, and inflammatory diseases. Its products include ARGX-113 for severe autoimmune diseases and ARGX-110 for T-cell lymphoma and acute myeloid leukemia.