Ardelyx, Inc. (ARDX) Gains TD Analysts Support Ahead of Q4 Results

We recently compiled a list of the 20 Best Biotech Stocks Under $20 to Buy Now. Ardelyx, Inc. is next on our list.

TheFly reported on January 29 that TD Cowen raised its price target on ARDX to $13 from $10 while maintaining a Buy rating. The adjustment followed an update to the firm’s financial model ahead of the ARDX’s fourth-quarter results.

Ardelyx, Inc. (ARDX) Gains TD Analysts Support Ahead of Q4 Results

Additionally, on January 27, Jefferies also raised its price target on Ardelyx, Inc. (NASDAQ:ARDX) to $15 from $8 and maintained a Buy rating. The firm highlighted the company as one of the most underrated biotech launches and underlined sustained execution on Ibsrela in 2026, along with potential upside from IBS-C, new CIC indications, and extended intellectual property. Peak sales are now projected at $1.5–$2 billion by 2035, with additional upside if the new 2041 formulation patent proves defendable.

Ardelyx, Inc. (NASDAQ:ARDX) is a biopharmaceutical company focused on developing and commercializing first‑in‑class gastrointestinal and cardiorenal therapies. Its lead product, tenapanor, treats irritable bowel syndrome with constipation (IBS‑C) and chronic kidney disease‑related conditions.

While we acknowledge the risk and potential of ARDX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ARDX and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.