Madrigal Pharmaceuticals (MDGL) Stock Forecast, Price & News

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Madrigal Pharmaceuticals in the last twelve months. There are currently 2 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" MDGL shares.
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11 analysts have issued twelve-month price objectives for Madrigal Pharmaceuticals' shares. Their MDGL share price forecasts range from $224.00 to $390.00. On average, they predict the company's share price to reach $309.18 in the next year. This suggests a possible upside of 101.6% from the stock's current price.
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Madrigal Pharmaceuticals' stock was trading at $290.25 on January 1st, 2023. Since then, MDGL shares have decreased by 47.2% and is now trading at $153.34.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
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Madrigal Pharmaceuticals, Inc. (NASDAQ:MDGL) issued its earnings results on Tuesday, August, 8th. The biopharmaceutical company reported ($4.69) EPS for the quarter, missing analysts' consensus estimates of ($4.59) by $0.10.

ETFs with the largest weight of Madrigal Pharmaceuticals (NASDAQ:MDGL) stock in their portfolio include Simplify Propel Opportunities ETF (SURI), Alger Mid Cap 40 ETF (FRTY), Principal Healthcare Innovators ETF (BTEC) and iShares U.S. Pharmaceuticals ETF (IHE).Invesco Nasdaq Biotechnology ETF (IBBQ).

Based on aggregate information from My MarketBeat watchlists, some companies that other Madrigal Pharmaceuticals investors own include Achillion Pharmaceuticals (ACHN), Exelixis (EXEL), Ayala Pharmaceuticals (ADXS), Viking Therapeutics (VKTX), Sangamo Therapeutics (SGMO), Amarin (AMRN), CRISPR Therapeutics (CRSP), Intercept Pharmaceuticals (ICPT), Sarepta Therapeutics (SRPT) and Gilead Sciences (gild).

Madrigal Pharmaceuticals trades on the NASDAQ under the ticker symbol "MDGL."

Madrigal Pharmaceuticals' stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (5.65%), State Street Corp (2.94%), Assenagon Asset Management S.A. (2.55%), Marshall Wace LLP (2.49%), Alliancebernstein L.P. (2.01%) and Perceptive Advisors LLC (1.64%). Insiders that own company stock include Brian Joseph Lynch, Remy Sukhija and Richard S Levy.
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Shares of MDGL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MDGL stock can currently be purchased for approximately $153.34.

Madrigal Pharmaceuticals (NASDAQ:MDGL) has a market capitalization of $2.83 billion. The biopharmaceutical company earns $-295,350,000.00 in net income (profit) each year or ($18.65) on an earnings per share basis.

Madrigal Pharmaceuticals' mailing address is 200 BARR HARBOR DRIVE SUITE 400, WEST CONSHOHOCKEN PA, 19428. The official website for the company is www.madrigalpharma.com. The biopharmaceutical company can be reached via phone at (267) 824-2827, via email at ir@madrigalpharma.com, or via fax at 781-274-8228.