Wells Fargo Analyst Sees Potential in Argenx SE’s (ARGX) Vyvgart, Increases PT to $1,317

Argenx SE (NASDAQ:ARGX) is one of the 11 Best Stocks to Buy for Investment.

On January 20, TheFly reported that Wells Fargo increased the price target on Argenx SE (NASDAQ:ARGX) from $1,264 to $1,317, keeping an Overweight rating on the shares.

Wells Fargo Analysts Sees Potential in Argenx SE's Vyvgart, Increases PT To $1,317

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Derek Archila from Wells Fargo raised the price target on ARGX following its strong outlook on Argenx’s Vyvgart, according to TheFly. Archila has raised the 2026-2030 Vyvgart outlook by 5-15%. Vyvgart is an antibody used to treat severe autoimmune diseases, such as myasthenia gravis and chronic inflammatory demyelinating polyneuropathy.

The analyst believes Argenx SE’s FY2026 consensus estimate of $5.6 billion is too low given the growth trajectory. Archila expects the company to generate approximately $6.5 billion, considering single-digit quarter-over-quarter growth in Q1 FY2026 and low double-digital quarter-over-quarter growth between Q2 and Q4. Wall Street’s consensus estimate of $1.18 billion for Q1 indicates a growth of almost 65.79% from a year ago.

Over the past six months, Argenx SE’s shares have soared by over 45% as of January 27. Out of 28 analysts covering ARGX, 86% rank the stock as a Buy. ARGX has a median price target of $1,007.86, representing an upside of 16.80%.

Argenx SE (NASDAQ:ARGX) is a commercial-stage biopharma company. Argenx is developing therapies to treat autoimmune diseases.

While we acknowledge the potential of ARGX to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ARGX and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.