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These Analysts Increase Their Forecasts On Argan Following Upbeat Q4 Results
Benzinga· 2026-03-27 18:08
Core Insights - Argan Inc reported strong fourth-quarter earnings of $3.47 per diluted share, significantly exceeding the consensus estimate of $1.96 and up from $2.22 a year ago [1] - Revenue for the fourth quarter reached $262.1 million, surpassing expectations of $255.3 million and reflecting a year-over-year increase of 12.7% [1] Company Performance - The record fourth-quarter performance capped a successful fiscal year 2026, showcasing strong execution and record top and bottom-line results for the full year [2] - CEO David Watson highlighted the company's established customer relationships and expertise in building large-scale power facilities, positioning Argan to benefit from increasing demand for reliable energy infrastructure [2] - Following the earnings announcement, Argan shares rose by 35.8%, trading at $558.15 [2] Analyst Ratings and Price Targets - Lake Street analyst Robert Brown maintained a Hold rating on Argan and raised the price target from $325 to $375 [4] - Goldman Sachs analyst Atidrip Modak maintained a Buy rating and increased the price target from $399 to $518 [4]