Market Overview

UPDATE: Stifel Initiates Coverage on Argos Therapeutics on Positive Outlook

Related ARGS
Mid-Afternoon Market Update: Crude Oil Down Over 4%; CalAmp Shares Surge After Strong Q4 Results
15 Biggest Mid-Day Gainers For Wednesday

In a report published Tuesday, Stifel analyst Joel Sendek initiated coverage on Argos Therapeutics (NASDAQ: ARGS) with a Buy rating and $16.00 price target.

In the report, Stifel noted, “We are initiating coverage of Argos Therapeutics, Inc with a Buy rating and a $16 price target. We base our price target on our expectation for positive overall survival data in 1H16 leading to 2017 approval and ultimately $653M in 2021 worldwide sales in renal cell carcinoma (RCC).

"We see the Phase II results of AGS-003 as encouraging as it implies both a survival advantage for AGS-003 as well as biomarker data that validates the underlying approach of their immune-cell based therapies. While the Phase II results from RCC were uncontrolled, the 30.2 month overall survival is more than double the 14.7 month historical overall survival in a similar patient population.”

Argos Therapeutics closed on Monday at $11.00.

Latest Ratings for ARGS

Feb 2017NeedhamDowngradesBuyHold
Apr 2016Roth CapitalMaintainsBuy
Apr 2016Roth CapitalMaintainsBuy

View More Analyst Ratings for ARGS
View the Latest Analyst Ratings

Posted-In: Joel Sendek StifelAnalyst Color Initiation Analyst Ratings


Related Articles (ARGS)

View Comments and Join the Discussion!

Partner Center