Fintel reports that on January 9, 2026, Piper Sandler upgraded their outlook for Ardelyx (NasdaqGM:ARDX) from Neutral to Overweight.
Analyst Price Forecast Suggests 70.49% Upside
As of December 21, 2025, the average one-year price target for Ardelyx is $11.93/share. The forecasts range from a low of $8.08 to a high of $16.80. The average price target represents an increase of 70.49% from its latest reported closing price of $7.00 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Ardelyx is 343MM, a decrease of 13.92%. The projected annual non-GAAP EPS is -0.11.
What is the Fund Sentiment?
There are 380 funds or institutions reporting positions in Ardelyx. This is an increase of 10 owner(s) or 2.70% in the last quarter. Average portfolio weight of all funds dedicated to ARDX is 0.08%, an increase of 13.53%. Total shares owned by institutions decreased in the last three months by 3.75% to 194,811K shares. 
The put/call ratio of ARDX is 0.25, indicating a bullish outlook.
What are Other Shareholders Doing?
Janus Henderson Group holds 13,824K shares representing 5.69% ownership of the company. In its prior filing, the firm reported owning 15,058K shares , representing a decrease of 8.93%. The firm increased its portfolio allocation in ARDX by 20.06% over the last quarter.
Macquarie Group holds 10,456K shares representing 4.30% ownership of the company. In its prior filing, the firm reported owning 11,458K shares , representing a decrease of 9.58%. The firm increased its portfolio allocation in ARDX by 22.05% over the last quarter.
DCCAX - Delaware Small Cap Core Fund holds 9,260K shares representing 3.81% ownership of the company. In its prior filing, the firm reported owning 8,872K shares , representing an increase of 4.19%. The firm decreased its portfolio allocation in ARDX by 25.08% over the last quarter.
Marshall Wace, Llp holds 8,943K shares representing 3.68% ownership of the company. In its prior filing, the firm reported owning 11,251K shares , representing a decrease of 25.80%. The firm increased its portfolio allocation in ARDX by 0.60% over the last quarter.
Millennium Management holds 7,642K shares representing 3.15% ownership of the company. In its prior filing, the firm reported owning 11,663K shares , representing a decrease of 52.62%. The firm decreased its portfolio allocation in ARDX by 18.60% over the last quarter.
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This story originally appeared on Fintel.
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