Group 1 - Carter Bankshares, Inc. (CARE) closed at 23 suggests a 31.2% upside potential [1] - The mean estimate includes three short-term price targets with a standard deviation of 21 (19.8% increase) to a high estimate of $24 (36.9% increase) [2] - Analysts show strong agreement in revising earnings estimates higher, which correlates with potential stock price movements [9][10] Group 2 - The Zacks Consensus Estimate for the current year has increased by 0.8%, with one estimate moving higher and no negative revisions [10] - CARE holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates [11] - While the consensus price target may not be a reliable indicator of the extent of potential gains, it does suggest a positive direction for price movement [12]
Wall Street Analysts Predict a 31.2% Upside in Carter Bankshares (CARE): Here's What You Should Know