What 6 Analyst Ratings Have To Say About Ardelyx
Portfolio Pulse from Benzinga Insights
Six analysts have provided mixed ratings for Ardelyx (NASDAQ: ARDX) over the past quarter, with a majority being somewhat bullish. The average 12-month price target is now $12.0, down from $13.20 previously. Key analysts have maintained their ratings, with some lowering their price targets. Ardelyx has shown significant revenue growth but faces challenges with high debt and low returns on equity and assets.
August 02, 2024 | 3:01 pm
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Ardelyx (NASDAQ: ARDX) received mixed ratings from six analysts, with a majority being somewhat bullish. The average 12-month price target is now $12.0, down from $13.20. The company has shown significant revenue growth but faces challenges with high debt and low returns on equity and assets.
The mixed analyst ratings and lowered price targets suggest a neutral short-term impact on Ardelyx's stock price. While the company shows strong revenue growth, high debt levels and low returns on equity and assets present significant challenges.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100