Argenx Se (ARGX – Research Report), the Healthcare sector company, was revisited by a Wall Street analyst today. Analyst Joel Beatty from Robert W. Baird upgraded the rating on the stock to a Buy and gave it a $680.00 price target.
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Joel Beatty has given his Buy rating due to a combination of factors that suggest a positive outlook for Argenx Se. Despite recent stock pressure from Medicare redesign affecting pricing, Beatty sees this as an opportunity for investors as the pullback has made the stock more attractive. The company has maintained its price expectations for Vyvgart, which indicates confidence in its pricing strategy despite external pressures.
Moreover, Argenx Se appears well-positioned in terms of Most Favored Nation pricing due to a consistent pricing strategy across different countries. Additionally, the company’s robust pipeline, with numerous ongoing phase 2 and phase 3 studies, and a strong cash position of $3.6 billion, further support the Buy rating. These factors combined suggest potential for long-term revenue growth, making the stock a promising investment opportunity.
In another report released on May 9, Guggenheim also reiterated a Buy rating on the stock with a $1,065.00 price target.
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