Wall Street Analysts See a 120.36% Upside in Aspen Aerogels (ASPN): Can the Stock Really Move This High?

Core Viewpoint - Aspen Aerogels (ASPN) shares have seen a slight increase of 0.1% over the past four weeks, closing at $13.16, with analysts suggesting a potential upside of 120.4$29 [1] Price Targets - The average price target consists of 11 estimates ranging from a low of $14 to a high of$35, with a standard deviation of $5.59, indicating variability among analysts [2] - The lowest estimate suggests a 6.4% increase from the current price, while the highest estimate indicates a potential upside of 166% [2] - A low standard deviation signifies greater agreement among analysts regarding price movement [2][7] Analyst Sentiment - Analysts are increasingly optimistic about ASPN's earnings prospects, as evidenced by a strong consensus in revising EPS estimates higher, which correlates with potential stock price increases [4][9] - Over the past 30 days, one estimate has increased with no negative revisions, leading to a 0.2% rise in the Zacks Consensus Estimate [10] Zacks Rank - ASPN holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate factors, indicating strong potential for upside [11] Caution on Price Targets - While price targets are a common metric, they should not be the sole basis for investment decisions due to historical inaccuracies in predicting actual stock price movements [5][8] - Analysts may set overly optimistic price targets influenced by business relationships, which can lead to inflated estimates [6]