What Analysts Are Saying About Ardelyx Stock
Portfolio Pulse from Benzinga Insights
Analysts have provided a range of ratings for Ardelyx (NASDAQ: ARDX) over the past three months, with the majority being somewhat bullish. The average 12-month price target has increased to $14.4. Key analysts from firms like Wedbush, Citigroup, and Leerink Partners have maintained or raised their ratings and price targets. Ardelyx has shown significant revenue growth but faces challenges with ROE, ROA, and debt management.
May 24, 2024 | 3:00 pm
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Analysts have shown a somewhat bullish sentiment towards Ardelyx, with an increased average price target of $14.4. The company has demonstrated significant revenue growth but faces challenges with ROE, ROA, and debt management.
The majority of analysts have a somewhat bullish outlook on Ardelyx, reflected in the increased average price target. The company's significant revenue growth is a positive indicator, but challenges in ROE, ROA, and debt management may temper short-term gains.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100