Wall Street Analysts Believe Priority Technology (PRTH) Could Rally 36.92%: Here's is How to Trade

Core Viewpoint - Priority Technology (PRTH) has shown a significant price increase of 17% over the past four weeks, with a mean price target of $13.50 indicating a potential upside of 36.9$9.86 [1] Price Targets - The average price targets from analysts range from a low of $10 to a high of$16, with a standard deviation of $2.65, suggesting variability in estimates [2] - The lowest estimate indicates a modest increase of 1.4%, while the highest estimate suggests a substantial upside of 62.3% [2] Analyst Sentiment - There is strong agreement among analysts regarding PRTH's ability to report better earnings than previously predicted, which supports the potential for stock upside [4] - Over the last 30 days, the Zacks Consensus Estimate for the current year has increased by 10%, with no negative revisions [10] Zacks Rank - PRTH holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, indicating a strong potential for near-term upside [11] Earnings Estimate Revisions - A positive trend in earnings estimate revisions has been correlated with near-term stock price movements, suggesting that the recent optimism among analysts could lead to further price increases [9][12]