Wall Street Analysts Believe Alvotech (ALVO) Could Rally 39.83%: Here's is How to Trade

Alvotech (ALVO) closed the last trading session at $11.80, gaining 0.6% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $16.50 indicates a 39.8% upside potential.The mean estimate comprises four short-term price targets with a standard deviation of $9.15. While the lowest estimate of $6 indicates a 49.2% decline from the current price level, the most optimistic analyst expects the ...