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Madrigal Pharmaceuticals (MDGL): analyst forecast and price target

$450 −2.19% close 16.10.26 · market cap $10.4B · Healthcare · Biotechnology
Price targets and ratings of

Analyst consensus

Strong Buy

11 Buy1 Hold0 Sell

Ratings of 12 analysts in the last 3 months

12-month forecast

$684+52.2% upside

Based on 12 price targets given in the last 3 months, the average target is $684, the highest $962, the lowest $543. The average is +52.2% from the last price of $450.

$400$600$800Jan 26AprJulOctJan 27AprJulOctHigh$962Average$684Low$543
Highest target $962 Average target $684 Lowest target $543
AnalystFirmPrice target RatingUpsideAction Date Move vs SPY
Ashwani Verma★★★★★★★★★★#1305 · hits 60% · avg +13.4% UBS $669 → $735+9.9% Buy +63.4% Reiterated 14.10.26on TipRanks 07:11 +2.8%next day −0.3%
Sadia Rahman★★★★★★★★★★#5292 · hits 70% · avg +11.8% Wells Fargo $685 Buy +52.3% Reiterated 12.10.26on TipRanks 07:00 −0.9%next day −3.2%
Andrew Fein★★★★★★★★★★#267 · hits 52% · avg +23.7% H.C. Wainwright $620 Buy +37.9% Reiterated 08.10.26on TipRanks Oct 9 08:01 −1.8%next day −1.7% · 5 days −3.3%
Eliana Merle★★★★★★★★★★#4163 · hits 45% · avg +3.0% Barclays $962 Buy +113.9% Reiterated 30.09.26on TipRanks 05:25 −0.9%next day −1.0% · 5 days −5.1%
Andrea Newkirk★★★★★★★★★★#2841 · hits 50% · avg +29.4% Goldman Sachs $704 Buy +56.5% Initiated 24.09.26on TipRanks 04:30 +0.1%next day +0.1% · 5 days −2.2%
Eric Joseph★★★★★★★★★★#1258 · hits 52% · avg +11.4% Citi $725 Buy +61.2% Initiated 23.09.26on TipRanks 05:15 −0.4%next day +0.1% · 5 days −1.1%
Edward Nash★★★★★★★★★★#204 · hits 52% · avg +29.5% Canaccord Genuity $612 Buy +36.1% Reiterated 11.08.26on TipRanks Aug 12 07:20 +4.2%next day −0.1% · 5 days −1.6%
Andy Chen★★★★★★★★★★#959 · hits 67% · avg +28.8% Wolfe Research $605 Buy +34.5% Upgrade 04.08.26on TipRanks 05:32 +3.5%next day +1.5% · 5 days +5.6%
Unknown Analyst B. Riley Securities $670 Buy +49.0% Initiated 31.07.26on TipRanks 10:06 −6.0%next day +1.7% · 5 days +5.6%
Srikripa Devarakonda★★★★★★★★★★#200 · hits 62% · avg +26.3% Truist Financial $709 Buy +57.6% Reiterated 31.07.26on TipRanks 07:40 −6.0%next day +1.7% · 5 days +5.6%
Jason Zemansky★★★★★★★★★★#467 · hits 60% · avg +21.6% Bank of America Securities $553 → $543−1.8% Hold +20.7% Reiterated 30.07.26on TipRanks Jul 31 06:05 −11.5%next day −6.0% · 5 days −0.1%
Ritu Baral★★★★★★★★★★#49 · hits 58% · avg +46.9% TD Cowen $644 Buy +43.2% Reiterated 30.07.26on TipRanks Jul 31 03:46 −11.5%next day −6.0% · 5 days −0.1%
Sadia Rahman★★★★★★★★★★#5292 · hits 70% · avg +11.8% Wells Fargo $685 Buy +52.3% Initiated 27.07.26on TipRanks 13:04 +1.2%next day −2.5% · 5 days −15.1%
Ashwani Verma★★★★★★★★★★#1305 · hits 60% · avg +13.4% UBS $669 Buy +48.8% Reiterated 21.07.26on TipRanks Jul 24 21:04 +1.2%next day −1.6% · 5 days −0.5%
Jonathan Wolleben★★★★★★★★★★#249 · hits 53% · avg +23.6% Citizens JMP $737 → $739+0.3% Buy +64.3% Reiterated 17.07.26on TipRanks 05:25 +2.4%next day −3.1% · 5 days −1.0%
Unknown Analyst Jefferies $600 Buy +33.4% Reiterated 30.06.26on TipRanks Jul 6 21:01 +1.1%next day −4.1% · 5 days +5.5%
Yasmeen Rahimi★★★★★★★★★★#160 · hits 51% · avg +36.0% Piper Sandler $900 Buy +100.1% Reiterated 29.06.26on TipRanks 07:40 +1.2%next day +1.1% · 5 days +2.5%
Michael DiFiore★★★★★★★★★★#10315 · hits 56% · avg −8.0% Evercore ISI $652 → $649−0.5% Buy +44.3% Reiterated 07.05.26on TipRanks 08:10 −0.6%next day −5.5% · 5 days −1.3%
Kaveri Pohlman★★★★★★★★★★#1640 · hits 40% · avg +12.9% Clear Street $533 → $680+27.6% Buy +51.2% Reiterated 06.05.26on TipRanks 17:05 −0.6%next day −5.5% · 5 days −1.3%
Jay Olson★★★★★★★★★★#301 · hits 48% · avg +24.9% Oppenheimer $650 Buy +44.5% Reiterated 09.02.26on TipRanks Feb 18 12:05 +1.8%next day −1.7% · 5 days +1.4%
Prakhar Agrawal★★★★★★★★★★#1817 · hits 40% · avg +16.0% Cantor Fitzgerald — Buy — Upgrade 04.11.25on TipRanks 16:20 +6.7%next day +3.7% · 5 days +10.3%

Every rating the collector has kept for the last 12 months, including the earlier ones of the same analyst. Latest of each analyst

Best analysts covering Madrigal Pharmaceuticals

TipRanks picks them by their record on this stock; the figures under the name are their record across all their ratings.

Most accurate

3 months Yasmeen Rahimi★★★★★★★★★★Piper Sandler · #160
Hits 51%247 of 488 Average return +36.0%
1 year Ritu Baral★★★★★★★★★★TD Cowen · #49
Hits 58%286 of 495 Average return +46.9%
2 years Jonathan Wolleben★★★★★★★★★★Citizens JMP · #249
Hits 53%267 of 500 Average return +23.6%

Most profitable

3 months Jonathan Wolleben★★★★★★★★★★Citizens JMP · #249
Hits 53%267 of 500 Average return +23.6%
1 year Jay Olson★★★★★★★★★★Oppenheimer · #301
Hits 48%236 of 492 Average return +24.9%
2 years Jonathan Wolleben★★★★★★★★★★Citizens JMP · #249
Hits 53%267 of 500 Average return +23.6%

How the average price target moved

The average target of all analysts (their ratings of the 3 months before) on each day, the top analysts’ dashed, against the price; the site keeps this record since 1 October 2026. On 09.10.26: target $684 at a price of $477 (+43.3%); now: $684 at $450 (+52.2%).

$500$600$700Sep 15Oct 1Oct 15Top analysts$649Average target$684Price$450

PriceAverage targetTop analysts’ target

Recommendation trend

010203012412Oct 25221Nov1212Dec3235Jan 265157Feb4136Mar384Apr2112May4113Jun5195Jul5124Aug4133Sep36Oct

Strong BuyBuyHoldSell

Rating05.2606.2607.2608.2609.2610.26
Strong Buy245543
Buy11111912136
Hold235430
Sell000000

Earnings and sales forecast

Next report: 29.10.26 (Q3 2026, date not confirmed)

Earnings per share

Next quarter’s EPS estimate — $-0.83 (from $-2.00 to $-0.10). Last quarter: $-1.99.

Sales

Next quarter’s sales estimate — $405M (from $385M to $422M). Last quarter: $364M.

Best top-analyst consensus in the sector · Healthcare

AXGNAxoGen
MDWDMediwound
OCULOcular Therapeutix
OVIDOvid Therapeutics
ZYMEZymeworks
About Madrigal Pharmaceuticals
  • CEO: William J. Sibold
  • Employees: 915
  • 1001 Conshohocken State Road, West Conshohocken, PA, 19428, US
  • www.madrigalpharma.com

Madrigal Pharmaceuticals, Inc. is a biopharmaceutical company in the clinical development phase, concentrating its efforts on discovering and commercializing innovative treatments for cardiovascular, metabolic, and liver disorders. Its most advanced drug candidate, resmetirom, functions as a liver-targeted selective thyroid hormone receptor-ß agonist, currently undergoing late-stage (Phase III) clinical trials for managing non-alcoholic steatohepatitis (NASH). The company's pipeline also features MGL-3745, which serves as a secondary or backup compound to resmetirom. Madrigal holds a collaborative agreement with Hoffmann-La Roche, encompassing research, development, and commercialization activities. The company's operations are based out of West Conshohocken, Pennsylvania.

Data from the stock’s TipRanks forecast page, read 58 min ago. It is read again as soon as a new rating appears and at least every 8 hours. TipRanks ↗