Argan Inc (NYSE:AGX) posted upbeat fourth-quarter results on Thursday.
Argan posted fourth‑quarter earnings of $3.47 per diluted share, well above the consensus estimate of $1.96 and up from $2.22 a year ago. Revenue came in at $262.1 million, beating expectations of $255.3 million and rising 12.7% year‑over‑year.
“Our record fourth-quarter performance capped a year of strong execution throughout fiscal 2026, driving record top and bottom‑line performance for the full year,” said president and CEO David Watson. He added that Argan’s long‑standing customer relationships and experience building large‑scale power facilities position the company well to benefit from rising demand for reliable energy infrastructure.
Argan shares gained 35.8% to trade at $558.15 on Friday.
These analysts made changes to their price targets on Argan following earnings announcement.
- Lake Street analyst Robert Brown maintained Argan with a Hold and raised the price target from $325 to $375.
- Goldman Sachs analyst Atidrip Modak maintained the stock with a Buy and raised the price target from $399 to $518.
Considering buying AGX stock? Here’s what analysts think:
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