Wall Street Analysts Think TransAlta (TAC) Could Surge 47.5%: Read This Before Placing a Bet

Core Viewpoint - TransAlta (TAC) has shown a significant price increase of 22.2% over the past four weeks, with a mean price target of $13.26 indicating a potential upside of 47.5% from the current price of $8.99 [1] Price Target Analysis - The average price target consists of seven estimates ranging from a low of $10.90 to a high of $19.18, with a standard deviation of $3.52, suggesting a variability in analyst estimates [2] - The lowest estimate indicates a potential increase of 21.3%, while the highest suggests an upside of 113.4% [2] - A low standard deviation indicates a higher agreement among analysts regarding the price movement of TAC [7] Earnings Estimates - Analysts have shown increasing optimism about TAC'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, the Zacks Consensus Estimate for the current year has increased by 1.4%, with one estimate moving higher and no negative revisions [10] Zacks Rank - TAC currently holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, indicating a strong potential for upside [11]