Can a.k.a. Brands (AKA) Climb 33.93% to Reach the Level Wall Street Analysts Expect?
a.k.a. Brands a.k.a. Brands (US:AKA) ZACKS·2024-08-12 14:55

Group 1 - The stock of a.k.a. Brands (AKA) closed at $16.24, with a 0.7% gain over the past four weeks, and analysts set a mean price target of $21.75, indicating a 33.9% upside potential [1] - The price targets from analysts range from a low of $20 to a high of $25, with a standard deviation of $2.36, suggesting a relatively high agreement among analysts regarding the stock's potential movement [1][4] - Analysts have shown increasing optimism about AKA's earnings prospects, with two estimates moving higher in the last 30 days and no negative revisions, leading to a 25.5% increase in the Zacks Consensus Estimate [5][6] Group 2 - The Zacks Rank for AKA is 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates, indicating strong potential for upside in the near term [6] - While the consensus price target may not be a reliable indicator of the stock's potential gain, it does provide a directional guide for price movement [7]