These Analysts Increase Their Forecasts On Argan Following Upbeat Q4 Results

Argan Inc (NYSE: AGX) reported strong fourth-quarter earnings of $3.47 per diluted share, surpassing the consensus estimate of $1.96 and increasing from $2.22 a year ago. Revenue for the quarter was $262.1 million, exceeding expectations of $255.3 million and reflecting a year-over-year growth of 12.7%. Following these results, Argan's stock price rose by 35.8% to $558.15, with analysts adjusting their price targets; Lake Street raised theirs from $325 to $375, while Goldman Sachs increased theirs from $399 to $518.