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Wall Street Analysts Think Nomad Foods (NOMD) Could Surge 27.25%: Read This Before Placing a Bet
Nomad FoodsNomad Foods(US:NOMD) ZACKSยท2024-08-12 14:55

Core Viewpoint - Nomad Foods (NOMD) has shown an 8.8% increase in stock price over the past four weeks, with a mean price target of $23.86 indicating a potential upside of 27.3% from the current price of $18.75 [1] Price Targets - The average price target consists of seven estimates ranging from a low of $21 to a high of $28, with a standard deviation of $2.27, suggesting a variability in analyst estimates [2] - The lowest estimate indicates a 12% increase, while the highest suggests a 49.3% upside [2] - A low standard deviation indicates a high degree of agreement among analysts regarding the stock's price movement [7] Analyst Sentiment - Analysts have shown increasing optimism about NOMD's earnings prospects, with a strong consensus in revising EPS estimates higher, which correlates with potential stock price increases [9] - Over the last 30 days, two earnings estimates have been revised upward, leading to a 1.8% increase in the Zacks Consensus Estimate [10] Zacks Rank - NOMD 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 upside [11]