Argan, Inc. (AGX)

Argan Stock Forecast

Stock Price Forecast

The 5 analysts that cover Argan stock have a consensus rating of "Buy" and an average price target of $273.8, which forecasts a -23.17% decrease in the stock price over the next year. The lowest target is $150 and the highest is $370.

Price Target: $273.8 (-23.17%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$150	$273.8	$260	$370
Change	-57.91%	-23.17%	-27.05%	+3.82%

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	Jul '25	Aug '25	Sep '25	Oct '25	Nov '25	Dec '25
Strong Buy	1	1	1	1	2	2
Buy	0	0	0	1	1	0
Hold	2	2	3	3	2	3
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	3	3	4	5	5	5

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Michael Fairbanks JP Morgan	JP Morgan	Buy → Hold Downgrades $315 → $370	Buy → Hold	Downgrades	$315 → $370	+3.82%	Dec 1, 2025
Austin Wang GLJ Research	GLJ Research	Hold → Strong Buy Upgrades $251 → $369	Hold → Strong Buy	Upgrades	$251 → $369	+3.54%	Nov 10, 2025
Michael Fairbanks JP Morgan	JP Morgan	Hold → Buy Upgrades $220 → $315	Hold → Buy	Upgrades	$220 → $315	-11.61%	Oct 13, 2025
Austin Wang GLJ Research	GLJ Research	Hold Initiates $251	Hold	Initiates	$251	-29.57%	Sep 22, 2025
Robert Brown Lake Street	Lake Street	Strong Buy Maintains $236 → $260	Strong Buy	Maintains	$236 → $260	-27.05%	Sep 5, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

974.08M

Increased by 11.43%

from 874.18M

Revenue Next Year

1.15B

Increased by 18.27%

from 974.08M

EPS This Year

7.91

Increased by 28.64%

from 6.15

EPS Next Year

9.45

Increased by 19.43%

from 7.91

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Jan 31, 2021	Jan 31, 2022	Jan 31, 2023	Jan 31, 2024	Jan 31, 2025	Jan 31, 2026	Jan 31, 2027
Revenue	392.21M	509.37M	455.04M	573.33M	874.18M	974.08M	1.15B
Revenue Growth	64.11%	29.87%	-10.67%	26.00%	52.47%	11.43%	18.27%
EPS	1.51	2.40	2.33	2.39	6.15	7.91	9.45
EPS Growth	-	58.94%	-2.92%	2.57%	157.32%	28.64%	19.43%
Forward PE	-	-	-	-	-	45.05	37.72
No. Analysts	-	-	-	-	-	6	5

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2026	2027	2028
High	1.0B	1.2B
Avg	974.1M	1.2B
Low	905.5M	1.1B

Revenue Growth

Revenue Growth	2026	2027	2028
High	20.0%	25.5%
Avg	11.4%	18.3%
Low	3.6%	11.5%

EPS Forecast

EPS	2026	2027	2028
High	8.39	12.22
Avg	7.91	9.45
Low	7.60	7.69

EPS Growth

EPS Growth	2026	2027	2028
High	36.4%	54.5%
Avg	28.6%	19.4%
Low	23.5%	-2.8%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.