Milei's Currency Policy: Argentine President Javier Milei plans to maintain the peso within gradually widening bands against the U.S. dollar until late 2027, rejecting calls for a free float to manage volatility.
Central Bank Actions: The central bank lifted most currency controls in April, allowing the peso to trade within a band that expands by 1% each month, although some economists believe this has led to an overvaluation.
Investor Sentiment: Milei criticized investors advocating for a free float, attributing their views to local economists who he claims have been consistently incorrect.
U.S. Loan Facility: Negotiations for a $20 billion loan facility from private banks to support Argentina's sovereign debt are ongoing, with JPMorgan's CEO suggesting that the facility may not be necessary.
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: 94.650
Low
Averages
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Current: 94.650
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Averages
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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.
