Scotiabank analyst George Farmer upgrades $argenx SE (ARGX.US)$ to a buy rating, and adjusts the target price from $416 to $715.
According to TipRanks data, the analyst has a success rate of 48.7% and a total average return of 9.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $argenx SE (ARGX.US)$'s main analysts recently are as follows:
Argenx's third-quarter performance was described as solid, underlined by the sustained growth in gMG. The launch of Vyvgart in gMG has been met with robust momentum, fostering confidence that the commercial prospects may be more substantial than initially anticipated.
Argenx's net product revenue surpassed consensus estimates, and the launch of Vyvgart Hytrulo into CIDP seems promising. Although revenue per indication wasn't formally disclosed, discussions suggest that CIDP uptake is mirroring early patterns observed in the gMG market, hinting at $20M in CIDP sales during the first quarter of commercialization with the new indication, indicating strong prospects for market capture in the CIDP segment.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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