Wall Street Analysts Believe Third Harmonic Bio, Inc. (THRD) Could Rally 26.67%: Here's is How to Trade

Core Viewpoint - Third Harmonic Bio, Inc. (THRD) shows potential for further upside, with a mean price target of $19 indicating a 26.7% upside from the current price of $15 [1] Price Targets - The average price targets range from a low of $15 to a high of $23, with a standard deviation of $3.37, indicating variability among analysts [2] - The most optimistic estimate suggests a potential upside of 53.3%, while the lowest estimate indicates no increase from the current price [2] Analyst Sentiment - Analysts are optimistic about THRD's earnings prospects, as indicated by a positive trend in earnings estimate revisions, which historically correlates with stock price movements [4][9] - Over the last 30 days, the Zacks Consensus Estimate for the current year has increased by 2.9%, with one estimate moving higher and no negative revisions [10] Zacks Rank - THRD holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, suggesting strong potential for upside [11]