How Much Upside is Left in Perpetua Resources (PPTA)? Wall Street Analysts Think 72.06%

Core Viewpoint - Perpetua Resources Corp. (PPTA) shows significant upside potential based on Wall Street analysts' price targets, with a mean target of $17 indicating a 72.1% upside from the current price of $9.88 [1] Price Target Analysis - The average price target for PPTA ranges from a low of $15 to a high of $22, with a standard deviation of $3.37, suggesting a variability in estimates [2] - The lowest estimate indicates a potential increase of 51.8%, while the highest suggests a 122.7% upside [2] Analyst Sentiment - Analysts exhibit strong agreement on PPTA's ability to report better earnings than previously predicted, which supports the view of potential upside [4] - Recent trends show a positive shift in earnings estimate revisions, correlating with expected stock price movements [9] Earnings Estimates - Over the last 30 days, one earnings estimate for PPTA has increased, leading to a 1.6% rise in the Zacks Consensus Estimate [10] - PPTA holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors [11] Conclusion on Price Targets - While the consensus price target may not be a reliable indicator of the extent of PPTA's potential gains, it does provide a directional guide for price movement [12]