Wall Street Analysts Believe Argenx (ARGX) Could Rally 25.8%: Here's is How to Trade

Core Viewpoint - Argenx SE (ARGX) shows potential for significant upside, with a mean price target of $748.09 indicating a 25.8$594.65 [1] Price Targets and Analyst Consensus - The average of 22 short-term price targets ranges from a low of $620 to a high of$1,100, with a standard deviation of $89.83, suggesting variability in analyst estimates [2] - The lowest estimate indicates a 4.3% increase, while the highest suggests an 85% upside, highlighting the range of analyst expectations [2] - A low standard deviation indicates strong agreement among analysts regarding the stock's price movement direction [9] Earnings Estimates and Market Sentiment - Analysts have shown increasing optimism about ARGX's earnings prospects, with a positive trend in earnings estimate revisions correlating with potential stock price increases [11] - Over the last 30 days, the Zacks Consensus Estimate for the current year has increased by 0.9%, with two estimates moving higher and one lower [12] - ARGX holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates [13]