On Oct 7, Madrigal Pharmaceuticals reported that a secondary analysis of its Phase 3 MAESTRO‑NASH trial showed Rezdiffra (resmetirom) improved fibrosis, MASH resolution, liver fat, and biomarker levels across patients regardless of common genetic risk variants. The drug’s thyroid hormone receptor‑beta mechanism appeared unaffected by PNPLA3, HSD17B13, TM6SF2, MTARC1, and MBOAT7 variants, indicating broad applicability. This consistent efficacy across genetically diverse groups strengthens Madrigal’s long‑term MASH market opportunity and supports a positive investment narrative.
MDGL|Analyst Targets
▾
LOW TARGET
$543 +11.3%
2 analysts
MEAN TARGET
$682 +39.9%
6 analysts
HIGH TARGET
$962 +97.2%
18 analysts
PRICE RANGE
$543.00 - $962.00
SB / B / H / S / SS
6/16/2/1/1
DAILYIQ EST.
$730.99 (+49.9%)
MDGL|Insider Trading
▾
Bought (1Y)
0 shares
$0
Sold (1Y)
15,789 shares
$8.5M
Sibold William JohnPresident and CEO
Sell120 shares2026-09-11
Sibold William JohnPresident and CEO
Sell761 shares2026-09-11
Sibold William JohnPresident and CEO
Sell1,539 shares2026-09-11
Sibold William JohnPresident and CEO
Sell1,202 shares2026-09-11
Sibold William JohnPresident and CEO
Sell368 shares2026-09-11
MDGL|Fundamentals
▾
Neutral / mixed
Overall: Neutral
✓Revenue growing year over year
✕Negative net margin
✕Negative operating cash flow
Net Margin
-30.1%
Net income as a share of revenue: what's left for shareholders after every expense.
Revenue CAGR
165.3%
Compound annual growth rate of revenue across the fiscal years on file.
Current Ratio
4.01x
Current assets divided by current liabilities: the ability to cover obligations due within a year. Above 1.5x is comfortable, below 1x is a warning sign.
Debt / Equity
0.56x
Total interest-bearing debt divided by shareholder equity: how leveraged the balance sheet is.
Return on Equity
-47.8%
Net income divided by shareholder equity: how efficiently the company turns equity capital into profit.
MDGL's technical picture is under pressure, with momentum working against price. Institutional coverage is thorough here, so shifts in analyst expectations show up in price quickly.
Sector Rotation
Is money rotating into or out of MDGL's sector?
Madrigal Pharmaceuticals Inc. sits in the Health Care sector, currently ranked 3rd of 12 GICS sectors by relative-strength rotation score (lagging). Within its narrower Biotechnology industry group, MDGL ranks 10th of 15 tracked industries, lagging.
Sector rank
#3 of 12
Sector state
Lagging
Sector rotation score
55
Industry rank
#10 of 15
Options Market
What is the options market pricing for MDGL?
CallsPuts
For Madrigal Pharmaceuticals Inc.'s nearest expiry (2026-10-16, 8 days out), open interest is call-heavy, a bullish tilt (put/call ratio of 0.34), with at-the-money implied volatility around 54.6%. The options market is pricing roughly a ±9.4% move by that expiry — a range of about $487.58–$588.42.
Put/call ratio (2026-10-16)
0.34
ATM implied volatility
54.6%
Total open interest
2,863
Expected move by 2026-10-16
±9.4% ($487.58–$588.42)
Analyst Rating Changes
Are analysts turning bullish or bearish on MDGL?
Citigroup most recently initiated coverage on Madrigal Pharmaceuticals Inc. to Buy on Sep 23, 2026 with a price target of $725. Over the last 90 days, coverage has run 1 upgrade against 0 downgrades, a net bullish lean.
Latest action
Citigroup — Buy
90-day upgrades
1
90-day downgrades
0
Net rating momentum
+1
Date
Firm
Action
Rating
Price target
Sep 23, 2026
Citigroup
Initiated
Buy
$725
Aug 4, 2026
Wolfe Research
Upgrade
Peer Perform → Outperform
$605
Aug 3, 2026
Barclays
Maintained
Overweight
$964 → $962
Jul 29, 2026
Canaccord Genuity
Maintained
Buy
$578 → $587
Jul 27, 2026
Wells Fargo
Initiated
Overweight
$685
Jun 11, 2026
B of A Securities
Maintained
Neutral
$550 → $542
May 13, 2026
Truist Securities
Maintained
Buy
$640 → $709
May 7, 2026
Canaccord Genuity
Maintained
Buy
$587 → $578
May 7, 2026
Evercore ISI Group
Maintained
Outperform
$652 → $649
May 6, 2026
HC Wainwright & Co.
Reiterated
Buy
$620
Feb 20, 2026
B of A Securities
Maintained
Neutral
$570 → $529
Jan 28, 2026
Barclays
Initiated
Overweight
$964
Held by These ETFs
MDGL is a top holding in these ETFs tracked on DailyIQ — bar length shows portfolio weight.
Most recent articles, ranked by recency (click to expand).
10+ articles
What did this article say?
Madrigal Pharmaceuticals reported that a secondary analysis of its Phase 3 MAESTRO‑NASH trial showed Rezdiffra (resmetirom) improved fibrosis, MASH resolution, liver fat, and biomarker levels across patients regardless of common genetic risk variants. The drug’s thyroid hormone receptor‑beta mechanism appeared unaffected by PNPLA3, HSD17B13, TM6SF2, MTARC1, and MBOAT7 variants, suggesting broad applicability. This consistent efficacy across genetically diverse groups strengthens Madrigal’s long‑term MASH market opportunity and supports a positive investment narrative.
What did this article say?
On October 6, 2026, Madrigal Pharmaceuticals released a secondary analysis of its Phase 3 MAESTRO‑NASH trial in the Journal of Hepatology. The study showed that Rezdiffra (resmetirom) consistently improved liver histology and MRI‑PDFF measurements across common genetic risk variants linked to metabolic dysfunction‑associated steatohepatitis. The findings reinforce the drug’s broad efficacy profile and support its ongoing development for MASH. This data strengthens the company’s clinical positioning and may enhance investor confidence in the product’s market potential.
What did this article say?
Madrigal Pharmaceuticals, Inc. (MDGL) announced on Oct 6 that it had published the results of a pre‑specified secondary analysis from its Phase 3 MAESTRO‑NASH study in the Journal of Hepatology. The analysis examined how patients with metabolic dysfunction‑associated steatohepatitis (MASH) responded to the drug Rezdiffra. The publication provides additional clinical data on the drug’s efficacy and safety profile but does not report new efficacy endpoints or a change in company guidance. The study’s findings are intended to support ongoing regulatory submissions and inform clinicians and patients about Rezdiffra’s therapeutic potential. No immediate financial impact or guidance revision was disclosed by MDGL at the time of release.
What did this article say?
Goldman Sachs analyst Andrea Newkirk reinstated a Buy rating on Madrigal Pharmaceuticals (MDGL) on September 24, citing the company’s strong pipeline and favorable market outlook. The firm also announced a $704 price target, reflecting confidence in MDGL’s growth prospects. This upgrade signals a positive shift in analyst sentiment and may influence investor perception of the stock’s upside potential.
What did this article say?
Citigroup analyst Eric Joseph announced a new coverage of Madrigal Pharmaceuticals (MDGL) on September 23, assigning a Buy rating. The bank also set a high price target of $725 per share, signaling strong confidence in the company’s growth prospects. This coverage upgrade is expected to influence investor sentiment and could attract additional capital into MDGL’s stock. The announcement reflects Citigroup’s assessment of MDGL’s competitive positioning and potential upside.
What did this article say?
Citigroup has upgraded Madrigal Pharmaceuticals to a buy rating, citing confidence in the company’s pipeline and financial outlook. The brokerage set a $725 price target, well above the current market level, reflecting expectations of robust revenue growth from its flagship therapies. This upgrade is likely to attract additional institutional interest and could lift the stock’s valuation multiple.
What did this article say?
Madrigal Pharmaceuticals, Inc. (MDGL) announced it granted equity inducement awards to 27 new non‑executive employees on September 1 and 14, 2026 under its 2025 Inducement Plan. The awards were approved by the independent Compensation Committee in compliance with Nasdaq Listing Rule 5635(c)(4). This routine HR action is a standard part of the company’s talent‑acquisition strategy and does not signal any material change in financial performance or strategic direction.
What did this article say?
Madrigal Pharmaceuticals (MDGL) has secured FDA approval for its first drug, Rezdiffra, targeting metabolic dysfunction-associated steatohepatitis (MASH). Despite a 7% year‑to‑date decline, institutional investors remain heavily invested, owning over 95% of the float. The first‑mover advantage and the drug’s unique positioning in a rapidly evolving metabolic market are driving confidence. Competition from GLP‑1 and dual agonists is noted, but Rezdiffra’s accelerated approval gives MDGL a strong foothold. The market is pricing in potential pricing pressure, yet institutional support suggests a bullish outlook.
What did this article say?
Madrigal Pharmaceuticals (MDGL) confirmed its participation in the 2026 Cantor Global Healthcare Conference. The company will present its latest pipeline developments and engage with investors during the event. This routine announcement does not indicate any new financial guidance or strategic shift, but it provides a platform for MDGL to discuss ongoing research and potential collaborations.
What did this article say?
Madrigal Pharmaceuticals (MDGL) outlines a clear path to upside: sustained sales growth of its flagship drug Rezdiffra, expansion into the MASH cirrhosis patient segment, and demonstration of additional therapeutic value beyond the current indication. Rezdiffra, a once‑daily pill approved for moderate‑to‑advanced liver scarring, could tap an estimated 245,000 U.S. patients with MASH cirrhosis if regulatory approval is obtained. The company’s strategy hinges on securing this new indication and proving a broader portfolio, which would materially lift MDGL’s valuation.
Technical Analysis
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