Wells Fargo cuts MGX target to $9, stays Overweight

Wells Fargo analyst Yanan Zhu trimmed their price target on MGX to $9 on May 12, keeping the rating at Overweight.

On MGX alone, Yanan has made 6 documented calls, 0 of 6 eventually touched by the stock’s price.

The rating count on MGX runs 3 Buy right now. Jefferies‘s Maury Raycroft holds the high end of the range at $9; Chardan Capital‘s Geulah Livshits anchors the low end at $5. The stock’s most recent close was $1.26.

MGX price targets: Yanan Zhu against the highest and lowest current targets on the stock, plotted with the price.

The $9 target is 614% above the stock’s $1.26 close.

FAQ

What is Wells Fargo’s price target on MGX?

Wells Fargo’s Yanan Zhu has a $9 target on MGX, rated Overweight, set May 12, 2026.

How often have Yanan Zhu’s MGX price targets been reached?

AnaChart has tracked 6 price-target calls from Yanan Zhu on MGX; the stock reached the target in 0 of them (0%).

What is the analyst view on MGX?

Coverage is split 3 Buy / 0 Hold / 0 Sell, with targets from $5 (Chardan Capital) to $9 (Jefferies).