Fintel reports that on October 13, 2025, JP Morgan upgraded their outlook for Argan (NYSE:AGX) from Neutral to Overweight.
Analyst Price Forecast Suggests 1.44% Downside
As of September 30, 2025, the average one-year price target for Argan is $252.45/share. The forecasts range from a low of $237.35 to a high of $273.00. The average price target represents a decrease of 1.44% from its latest reported closing price of $256.15 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Argan is 832MM, a decrease of 9.60%. The projected annual non-GAAP EPS is 6.60, an increase of 43.54% from the prior forecast.
What is the Fund Sentiment?
There are 673 funds or institutions reporting positions in Argan. This is an increase of 88 owner(s) or 15.04% in the last quarter. Average portfolio weight of all funds dedicated to AGX is 0.24%, an increase of 21.91%. Total shares owned by institutions increased in the last three months by 4.07% to 14,485K shares. 
The put/call ratio of AGX is 1.15, indicating a bearish outlook.
What are Other Shareholders Doing?
Renaissance Technologies holds 616K shares representing 4.46% ownership of the company. In its prior filing, the firm reported owning 647K shares , representing a decrease of 5.03%. The firm increased its portfolio allocation in AGX by 40.67% over the last quarter.
American Century Companies holds 493K shares representing 3.57% ownership of the company. In its prior filing, the firm reported owning 517K shares , representing a decrease of 4.99%. The firm increased its portfolio allocation in AGX by 41.77% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 412K shares representing 2.98% ownership of the company. In its prior filing, the firm reported owning 402K shares , representing an increase of 2.55%. The firm increased its portfolio allocation in AGX by 53.89% over the last quarter.
AVUV - Avantis U.S. Small Cap Value ETF holds 405K shares representing 2.93% ownership of the company. In its prior filing, the firm reported owning 417K shares , representing a decrease of 2.99%. The firm increased its portfolio allocation in AGX by 58.62% over the last quarter.
Valiant Capital Management holds 390K shares representing 2.82% ownership of the company. In its prior filing, the firm reported owning 421K shares , representing a decrease of 8.08%. The firm increased its portfolio allocation in AGX by 16.43% over the last quarter.
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