Wall Street Analysts Believe Cantaloupe (CTLP) Could Rally 27.09%: Here's is How to Trade

Core Viewpoint - Cantaloupe (CTLP) has shown a significant price increase of 19.1% over the past four weeks, with analysts projecting a mean price target of $9.90, indicating a potential upside of 27.1% from the current price of $7.79 [1] Price Target Analysis - The average price target consists of five estimates ranging from a low of $9 to a high of $10.50, with a standard deviation of $0.55, suggesting a relatively tight clustering of estimates [2] - The lowest estimate indicates a potential increase of 15.5%, while the highest suggests a 34.8% upside [2] Analyst Sentiment - Analysts are optimistic about CTLP's earnings prospects, as indicated by a positive trend in earnings estimate revisions, which has historically correlated with stock price movements [4][9] - The Zacks Consensus Estimate for the current year has increased by 3.8% due to one upward revision and no negative revisions in the last 30 days [10] Zacks Rank - CTLP holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, which supports the stock's potential for upside [11]