Wall Street Analysts Think Sangoma Technologies Corporation (SANG) Could Surge 26.97%: Read This Before Placing a Bet

Core Viewpoint - Sangoma Technologies Corporation (SANG) has seen a 4.6% increase in share price over the past four weeks, closing at $5.71, with a potential upside indicated by Wall Street analysts' mean price target of $7.25, suggesting a 27% increase [1] Price Targets and Analyst Estimates - The mean price target is based on five short-term estimates with a standard deviation of $1.62, indicating variability among analysts; the lowest estimate is $5.63 (1.4% decline), while the highest is $9.50 (66.4% increase) [2] - A low standard deviation among price targets suggests a high degree of agreement among analysts regarding the stock's price movement direction, which can serve as a starting point for further research [7] Earnings Estimates and Market Sentiment - Analysts have shown increasing optimism about SANG'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 risen by 66.7%, with two estimates moving higher and no negative revisions [10] - SANG 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 near-term upside [11]