In a report released today, Douglas Tsao from H.C. Wainwright reiterated a Buy rating on Argenx Se (ARGX – Research Report), with a price target of $425.00. The company’s shares closed last Thursday at $372.97, close to its 52-week high of $387.89.
According to TipRanks.com, Tsao is a 2-star analyst with an average return of 0.5% and a 38.4% success rate. Tsao covers the Healthcare sector, focusing on stocks such as Biohaven Pharmaceutical Holding Co, Cerevel Therapeutics Holdings, and Praxis Precision Medicines.
Argenx Se has an analyst consensus of Strong Buy, with a price target consensus of $424.00, representing a 9.5% upside. In a report issued on July 14, J.P. Morgan also maintained a Buy rating on the stock with a $430.00 price target.
Argenx Se’s market cap is currently $20.44B and has a P/E ratio of -47.48.
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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.
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