Ardelyx Price Target Increases 10.08% to $16.20

Ardelyx's (ARDX) average one-year price target has been revised to $16.20/share, an increase of 10.08% from the prior estimate of $14.72/share. The price target represents a 146.94% increase from the latest reported closing price of $6.56/share. 345 funds or institutions are reporting positions in Ardelyx, with an average portfolio weight of 0.09%. The put/call ratio of ARDX is 0.20, indicating a bullish outlook.