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Does LifeStance Health (LFST) Have the Potential to Rally 54.84% as Wall Street Analysts Expect?
LifeStance Health LifeStance Health (US:LFST) ZACKSยท2024-07-29 14:55

Group 1 - LifeStance Health Group (LFST) shares have increased by 13.7% over the past four weeks, closing at $5.58, with a mean price target of $8.64 indicating a potential upside of 54.8% [1] - The mean estimate consists of seven short-term price targets with a standard deviation of $0.94, where the lowest estimate suggests a 25.5% increase and the highest predicts a 79.2% surge to $10 [2] - Analysts show strong agreement in revising earnings estimates higher, which correlates with potential stock price increases, as indicated by a 3.8% increase in the Zacks Consensus Estimate for the current year [10][11] Group 2 - The Zacks Rank for LFST is 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates, suggesting a solid potential upside [12] - While price targets are often viewed skeptically due to their misleading nature, a tight clustering of targets indicates a high degree of agreement among analysts regarding the stock's price movement [8][9] - Analysts' optimistic price targets may be influenced by business relationships, leading to inflated estimates, which investors should consider when making decisions [7]