Argan SA (EPA:ARG)

Argan Stock Forecast

Stock Price Forecast

According to 7 analysts polled by S&P Global, Argan stock has a consensus rating of "Buy" and an average price target of €76.14. The average 1-year stock price forecast is 24.21% higher than the current stock price, while the lowest is €66.00 (+7.67%) and the highest is €90.00 (+46.82%).

Price Target: €76.14 (+24.21%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	€66.00	€76.14	€75.00	€90.00
Change	+7.67%	+24.21%	+22.35%	+46.82%

* Price targets were last updated on Jun 9, 2026.

Analyst Ratings

The average analyst rating for Argan stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Feb '26	Mar '26	Apr '26	May '26	Jun '26	Jul '26
Strong Buy	2	2	2	2	2	2
Buy	2	2	2	2	2	2
Hold	3	3	3	3	3	3
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	7	7	7	7	7	7

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Unknown Analyst Berenberg Bank No rating	Berenberg Bank	Hold Maintains €84.00 → €76.00	Hold	Maintains	€84.00 → €76.00	+23.98%	Jun 9, 2026
Frederic Renard Kepler Capital	Kepler Capital	Hold Maintains €71.00	Hold	Maintains	€71.00	+15.82%	Apr 24, 2026

Financial Forecast

Revenue This Year

220.54M

Decreased by -12.34%

from 251.57M

Revenue Next Year

230.57M

Increased by 4.55%

from 220.54M

EPS This Year

6.01

Increased by 0.18%

from 6.00

EPS Next Year

6.12

Increased by 1.79%

from 6.01

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	185.67M	197.92M	220.78M	238.97M	251.57M	220.54M
Revenue Growth	8.55%	6.60%	11.55%	8.24%	5.27%	-12.34%
Net Income	668.11M	95.09M	-263.45M	245.70M	245.20M	168.33M
EPS	-	-	-	-	6.00	6.01
EPS Growth	-	-	-	-	9.09%	0.18%
Dividend / Share	2.60	3.00	3.15	3.30	3.45	3.59
Dividend Growth	-	15.38%	5.00%	4.76%	4.55%	3.91%
Free Cash Flow	80.72M	50.11M	99.09M	89.89M	89.11M	74.00M
FFO	-	-	-	-	-	155.49M
FFO / Share	-	-	-	-	-	6.02
P/FFO	-	-	-	-	-	10.18
No. Analysts	-	-	-	-	-	6

EPS based on non-GAAP adjusted numbers. Financial currency is EUR.

Revenue Forecast

Revenue	2026	2027	2028
High	223.0M
Avg	220.5M
Low	216.9M

Revenue Growth

Revenue Growth	2026	2027	2028
High	-11.4%
Avg	-12.3%
Low	-13.8%

EPS Forecast

EPS	2026	2027	2028
High	6.04
Avg	6.01
Low	5.96

EPS Growth

EPS Growth	2026	2027	2028
High	0.7%
Avg	0.2%
Low	-0.7%

Data Sources: S&P Global Market Intelligence and TipRanks Last updated: Jun 9, 2026

Price targets, consensus ratings and financial forecasts are provided by S&P Global Market Intelligence. Individual analyst data is provided by TipRanks. Price targets and consensus ratings update every hour to every three days, while individual analyst data updates in near real-time.

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