Analyst Price Target is $10.42
▲ +116.11% Upside Potential
This price target is based on 8 analysts offering 12 month price targets for Ardelyx in the last 3 months. The average price target is $10.42, with a high forecast of $15.00 and a low forecast of $5.50. The average price target represents a 116.11% upside from the last price of $4.82.
Current Consensus is
Moderate Buy
The current consensus among 8 contributing investment analysts is to moderate buy stock in Ardelyx. This rating has held steady since October 2024, when it changed from a Buy consensus rating.
Ardelyx, Inc., a biopharmaceutical company, discovers, develops, and commercializes medicines to treat gastrointestinal and cardiorenal therapeutic areas in the United States and internationally. The company's lead product candidate is tenapanor for the treatment of patients with irritable bowel syndrome with constipation. It also develops XPHOZAH, which is in Phase III clinical trial to reduce serum phosphorus in adults with chronic kidney disease (CKD)on dialysis, or hyperphosphatemia; RDX013, a potassium secretagogue, for the treatment of elevated serum potassium, or hyperkalemia, a problem among patients with kidney and/or heart failure; and RDX020, for adult patients with metabolic acidosis, a serious electrolyte disorder. The company has agreements with Kyowa Kirin, Fosun Pharmaceutical Industrial Development Co. Ltd., and Knight Therapeutics, Inc. for the development and commercialization of tenapanor in their respective territories. The company was formerly known as Nteryx, Inc. and changed its name to Ardelyx, Inc. in June 2008. Ardelyx, Inc. was incorporated in 2007 and is headquartered in Waltham, Massachusetts.
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