Stifel analyst Alex Thompson CFA maintains $argenx SE (ARGX.US)$ with a buy rating, and adjusts the target price from $604 to $707.
According to TipRanks data, the analyst has a success rate of 56.8% and a total average return of 14.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $argenx SE (ARGX.US)$'s main analysts recently are as follows:
The firm is 'highly encouraged' by the strong progression of the Vyvgart launch in gMG, which bolsters confidence that the commercial opportunity may be more significant than previously anticipated, following a 'solid' Q3 performance underscored by sustained growth in gMG.
Argenx's net product revenue surpassed consensus estimates, and the launch of Vyvgart Hytrulo into CIDP seems to be progressing positively. Although revenue per indication was not formally detailed, discussions suggest that the initial uptake for CIDP is mirroring the early success seen in the gMG market. This implies that sales for CIDP might have reached $20M in the first commercial quarter after broadening the label, which bolsters the strong anticipation for market capture in CIDP.
Note:
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