Wall Street Analysts Predict a 42.31% Upside in ReNew Energy Global (RNW): Here's What You Should Know

Group 1 - ReNew Energy Global PLC (RNW) closed at $6.05, with a 5.2% gain over the past four weeks, and a mean price target of $8.61 suggests a 42.3% upside potential [1] - The mean estimate includes six short-term price targets with a standard deviation of $1.06, indicating variability among analysts; the lowest estimate is $7.31 (20.8% increase), while the highest is $10 (65.3% increase) [2] - Analysts show strong agreement on RNW's ability to report better earnings, with a positive trend in earnings estimate revisions correlating with potential stock upside [4][9] Group 2 - The Zacks Consensus Estimate for RNW's current year has increased by 26.1% over the past month, with no negative revisions [10] - RNW holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates, indicating strong potential for near-term upside [11] - While consensus price targets may not be reliable for predicting exact gains, they can provide a directional guide for price movement [12]