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Ardelyx Inc has a consensus price target of $10.88 based on the ratings of 9 analysts. The high is $15 issued by Piper Sandler on May 24, 2024. The low is $5.5 issued by HC Wainwright & Co. on January 16, 2025. The 3 most-recent analyst ratings were released by HC Wainwright & Co., Jefferies, and HC Wainwright & Co. on January 16, 2025, January 2, 2025, and November 11, 2024, respectively. With an average price target of $6.33 between HC Wainwright & Co., Jefferies, and HC Wainwright & Co., there's an implied 25.42% upside for Ardelyx Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Ardelyx (NASDAQ:ARDX) was reported by HC Wainwright & Co. on January 16, 2025. The analyst firm set a price target for $5.50 expecting ARDX to rise to within 12 months (a possible 8.91% upside). 20 analyst firms have reported ratings in the last year.
The latest analyst rating for Ardelyx (NASDAQ:ARDX) was provided by HC Wainwright & Co., and Ardelyx reiterated their neutral rating.
The last upgrade for Ardelyx Inc happened on August 25, 2023 when Cantor Fitzgerald raised their price target to $10. Cantor Fitzgerald previously had a neutral for Ardelyx Inc.
The last downgrade for Ardelyx Inc happened on November 11, 2024 when HC Wainwright & Co. changed their price target from N/A to $5.5 for Ardelyx Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Ardelyx, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Ardelyx was filed on January 16, 2025 so you should expect the next rating to be made available sometime around January 16, 2026.
While ratings are subjective and will change, the latest Ardelyx (ARDX) rating was a reiterated with a price target of $5.50 to $5.50. The current price Ardelyx (ARDX) is trading at is $5.05, which is out of the analyst’s predicted range.
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