Argenx Se (ARGX) Initiated with a Buy at SVB Securities

SVB Securities analyst Thomas Smith initiated coverage with a Buy rating on Argenx Se (ARGXResearch Report) yesterday and set a price target of $404.00. The company’s shares closed last Tuesday at $313.48.

According to, Smith ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -29.6% and a 16.8% success rate. Smith covers the Healthcare sector, focusing on stocks such as Connect Biopharma Holdings, Madrigal Pharmaceuticals, and Prometheus Biosciences.

Currently, the analyst consensus on Argenx Se is a Strong Buy with an average price target of $379.45.

See Insiders’ Hot Stocks on TipRanks >>

Based on Argenx Se’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $23.41 million and GAAP net loss of $227 million. In comparison, last year the company earned revenue of $8.73 million and had a GAAP net loss of $24.94 million.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

argenx SE is a clinical-stage biotechnology company, which engages in the development of antibody-based therapies for the treatment of autoimmune diseases and cancer. Its products include ARGX-113 for the treatment of autoimmune disease myasthenia gravis and ARGX-110 for the treatment of hematological cancer acute myeloid leukemia. The company was founded by Hans J. W. de Haard, Torsten Dreier, and Tim van Hauwermeiren on April 25, 2008 and is headquartered in Breda, the Netherlands.

Read More on ARGX:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More