The Latest Analyst Ratings for Ardelyx
Portfolio Pulse from Benzinga Insights
Ardelyx (NASDAQ:ARDX) has received 5 analyst ratings in the last quarter, with 3 bullish, 2 somewhat bullish, and none bearish. The average 12-month price target among these analysts is $9.0, with a high of $11.00 and a low of $7.00. This target remains unchanged from the previous average. Analysts rate stocks based on future earnings potential and company risk profile, typically updating their ratings quarterly or after significant company events.
December 01, 2023 | 3:00 pm
News sentiment analysis
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POSITIVE IMPACT
Ardelyx has a stable average analyst price target of $9.0, with recent ratings being positive. The consensus among analysts has not changed, indicating a steady outlook for the stock.
The positive analyst ratings, with 3 bullish and 2 somewhat bullish, and the unchanged price target of $9.0 suggest a positive sentiment towards ARDX. This could lead to increased investor confidence and a potential short-term uplift in the stock price. However, as analyst ratings are opinions and not guarantees, the importance is not at the maximum level.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100