Wall Street Analysts See a 28.42% Upside in PRA Group (PRAA): Can the Stock Really Move This High?

Core Viewpoint - PRA Group (PRAA) shares have increased by 4.2% recently, closing at $22.06, with analysts suggesting a potential upside to a mean price target of $28.33, indicating a 28.4% increase from the current price [1] Price Targets and Analyst Estimates - The mean price target consists of three short-term estimates with a standard deviation of $4.51, where the lowest estimate is $24 (an 8.8% increase) and the highest is $33 (a 49.6% increase) [2] - A low standard deviation among price targets suggests a strong consensus among analysts regarding the stock's price direction, which can serve as a basis for further research [7] Earnings Estimates and Analyst Agreement - Analysts have shown increasing optimism about PRAA's earnings, as indicated by a strong agreement in revising EPS estimates higher, which correlates with potential stock price increases [9] - Over the past 30 days, the Zacks Consensus Estimate for the current year has risen by 90.9%, with three estimates moving higher and no negative revisions [10] Zacks Rank and Investment Potential - PRAA holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate factors, indicating a strong potential upside [11]