Wall Street Analysts Believe Potbelly (PBPB) Could Rally 96.37%: Here's is How to Trade

Core Viewpoint - Potbelly (PBPB) has shown a significant price increase of 18.2% over the past four weeks, with a mean price target of $15.67 indicating a potential upside of 96.4% from the current price of $7.98 [1] Price Target Analysis - The average price target consists of three estimates ranging from a low of $15 to a high of $16, with a standard deviation of $0.58, suggesting a strong consensus among analysts [2] - The lowest estimate indicates an 88% increase, while the highest suggests a 100.5% upside, highlighting the potential for significant price movement [2] Analyst Sentiment - There is a strong agreement among analysts regarding PBPB's ability to report better earnings than previously predicted, which supports the expectation of an upside [4] - The Zacks Consensus Estimate for the current year has increased by 17.7% over the past month, with no negative revisions, indicating positive sentiment [10] Zacks Rank - PBPB holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates, which further indicates potential upside [11]