Does Cantaloupe (CTLP) Have the Potential to Rally 40.23% as Wall Street Analysts Expect?

Group 1 - Cantaloupe (CTLP) closed at $7.06, with a 3.7% gain over the past four weeks, and a mean price target of $9.90 indicating a 40.2% upside potential [1] - The average price targets range from a low of $9 to a high of $10.50, with a standard deviation of $0.55, suggesting a 27.5% to 48.7% upside from the current price [2] - Analysts show strong agreement on CTLP's ability to report better earnings, with a positive trend in earnings estimate revisions correlating with potential stock price increases [4][12] Group 2 - The Zacks Consensus Estimate for CTLP has increased by 3.9% over the past month, with no negative revisions, indicating positive earnings prospects [13] - CTLP holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimates [14] - While consensus price targets may not be reliable for predicting exact gains, they can provide a directional guide for price movement [14]