Wall Street Analysts Believe Newpark (NR) Could Rally 41.21%: Here's is How to Trade

Core Viewpoint - Newpark Resources (NR) shows potential for significant upside, with a mean price target of $11 indicating a 41.2% increase from the current price of $7.79 [1] Price Targets - The average price target consists of four estimates ranging from $10 to $12, with a standard deviation of $0.82, suggesting a consensus among analysts [2] - The lowest estimate indicates a 28.4% increase, while the highest suggests a 54% upside [2] Analyst Sentiment - Analysts exhibit strong agreement on NR's ability to report better earnings than previously predicted, which supports the potential for stock price appreciation [4][9] - The Zacks Consensus Estimate for the current year has risen by 1.9% over the past month, with no negative revisions [10] Zacks Rank - NR holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, indicating strong potential for near-term upside [11]