Election Results: Argentine President Javier Milei's party, La Libertad Avanza, achieved significant victories in the midterm legislative elections, securing approximately 41% of the votes, while the Peronist coalition garnered around 31%.
Congressional Gains: Following the elections, Milei announced that his party would increase its representation in Congress from 37 to 101 deputies and from 6 to 20 senators, marking a historic reformist Congress in Argentina.
International Support: U.S. President Donald Trump praised Milei's victory, linking it to U.S. financial support for Argentina, indicating that the election outcome justified confidence in Milei's leadership.
Economic Implications: Analysts suggest that Milei's electoral success could enhance his administration's legitimacy and political capital, potentially leading to stronger governance and continued U.S. financial backing.
Wall Street analysts forecast ARGT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ARGT is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast ARGT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ARGT is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
0 Sell
Current: 97.170
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Current: 97.170
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
