Does Brainsway (BWAY) Have the Potential to Rally 34.38% as Wall Street Analysts Expect?

Core Viewpoint - Brainsway Ltd. (BWAY) has shown a significant price increase of 30.3% over the past four weeks, with analysts projecting a mean price target of $12.90, indicating a potential upside of 34.4% from the current price of $9.60 [1] Price Target Analysis - The mean estimate consists of four short-term price targets with a standard deviation of $2.17, suggesting variability among analysts. The lowest estimate of $11 indicates a 14.6% increase, while the highest target of $16 suggests a potential surge of 66.7% [2] - A low standard deviation in price targets indicates a high degree of agreement among analysts regarding the stock's price movement direction and magnitude, serving as a starting point for further research [7] Earnings Estimates and Analyst Sentiment - Analysts are optimistic about BWAY's earnings prospects, as indicated by a strong consensus in revising EPS estimates higher, which correlates with potential stock price increases [9] - Over the past 30 days, one estimate has increased, leading to a 4.2% rise in the Zacks Consensus Estimate for the current year [10] - BWAY 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 strong potential for near-term upside [11]