Raymond James analyst Christopher Raymond upgraded Ardelyx (ARDX) to Strong Buy from Outperform with a price target of $14, up from $12, after assuming coverage the name. The firm views Ardelyx as a strong commercial execution story that is trading at historically discounted valuation. The stock could break out of its range-bound trading pattern under the new management team as Xphozah growth picks up, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ARDX:
- Ardelyx’s Strong Financial Performance and Strategic Positioning Drive Buy Rating and Increased Price Target
- Ardelyx price target raised to $9 from $8 at Piper Sandler
- Ardelyx Inc. Faces Financial Uncertainty Amid Shifting Trade Policies
- Ardelyx Inc. Q2 2025 Earnings Call Highlights
- Ardelyx price target raised to $14 from $13 at Wedbush