Ardelyx, Inc. (ARDX)
NASDAQ: ARDX · IEX Real-Time Price · USD
5.51
+0.02 (0.36%)
Jul 19, 2024, 4:00 PM EDT - Market closed
Ardelyx Stock Forecast
Stock Price Forecast
The 7 analysts with 12-month price forecasts for Ardelyx stock have an average target of 12.64, with a low estimate of 8.50 and a high estimate of 15. The average target predicts an increase of 129.40% from the current stock price of 5.51.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for Ardelyx stock from 8 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 4 | 4 | 4 | 4 | 4 |
| Buy | 3 | 3 | 4 | 4 | 4 | 4 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 7 | 7 | 8 | 8 | 8 | 8 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Citigroup | Citigroup | Strong Buy Maintains $14 → $10 | Strong Buy | Maintains | $14 → $10 | +81.49% | Jul 3, 2024 |
| Cantor Fitzgerald | Cantor Fitzgerald | Buy Reiterates n/a | Buy | Reiterates | n/a | n/a | Jun 20, 2024 |
| Wedbush | Wedbush | Buy Reiterates $15 | Buy | Reiterates | $15 | +172.23% | May 24, 2024 |
| Piper Sandler | Piper Sandler | Buy Maintains $15 | Buy | Maintains | $15 | +172.23% | May 24, 2024 |
| Citigroup | Citigroup | Strong Buy Maintains $13 → $14 | Strong Buy | Maintains | $13 → $14 | +154.08% | May 3, 2024 |
Financial Forecast
Revenue This Year
250.57M
from 124.46M
Increased by 101.33%
Revenue Next Year
412.29M
from 250.57M
Increased by 64.54%
EPS This Year
-0.35
from -0.30
EPS Next Year
0.14
from -0.35
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 286.7M | 492.1M | 683.2M | 989.7M | 1.3B |
| Avg | 250.6M | 412.3M | 615.6M | 788.1M | 979.3M |
| Low | 228.0M | 329.9M | 519.1M | 655.9M | 768.1M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 130.4% | 96.4% | 65.7% | 60.8% | 66.0% |
| Avg | 101.3% | 64.5% | 49.3% | 28.0% | 24.3% |
| Low | 83.2% | 31.6% | 25.9% | 6.6% | -2.5% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -0.11 | 0.47 | 1.21 | 1.71 | 2.12 |
| Avg | -0.35 | 0.14 | 0.80 | 1.35 | 1.68 |
| Low | -0.50 | -0.22 | 0.37 | 0.87 | 1.17 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | - | 741.6% | 114.3% | 57.5% |
| Avg | - | - | 456.6% | 68.6% | 24.5% |
| Low | - | - | 159.5% | 9.2% | -13.4% |
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.