Wall Street Analysts Believe Abercrombie (ANF) Could Rally 29.35%: Here's is How to Trade

Core Viewpoint - Abercrombie & Fitch (ANF) shows potential for significant upside based on analysts' price targets and positive earnings estimate revisions [1][5] Price Targets - The mean price target for ANF is $184.50, indicating a 29.4% upside potential from the current price of $142.64 [1] - Analysts' estimates show a standard deviation of $25.37, suggesting variability in price targets, with the lowest estimate at $147 (3.1% increase) and the highest at $220 (54.2% increase) [1][4] Analyst Consensus and Earnings Estimates - There is a strong agreement among analysts regarding positive earnings prospects for ANF, as indicated by upward revisions in EPS estimates [5] - Over the last 30 days, the Zacks Consensus Estimate for the current year has increased by 0.1%, with one estimate moving higher and no negative revisions [5] Zacks Rank - ANF holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate factors [5] Investment Considerations - While price targets can provide insights, they should not be the sole basis for investment decisions due to potential biases and inflated targets set by analysts [2][3][4]