Argan, Inc. earned a consensus Moderate Buy rating from nine research firms on September 7, 2026. This update follows the company's fiscal second-quarter results released on September 2.
The company reported earnings per share of $3.76. This figure significantly exceeded the consensus analyst estimate of $2.64.
Quarterly revenue reached $383.98 million. This total surpassed the expected $300.53 million.
Lake Street Capital upgraded the stock from hold to buy. The firm established a new price target of $600.00.
Analysts cited strong growth in the power segment as a primary driver. An expanding project backlog also contributed to the positive outlook.