Wall Street Analysts Believe Savers Value (SVV) Could Rally 36.63%: Here's is How to Trade

Core Viewpoint - Shares of Savers Value Village (SVV) have increased by 7.5% recently, with a mean price target of $15.33 suggesting a potential upside of 36.6$11.22 [1] Price Targets - The average price target consists of nine estimates ranging from a low of $10 to a high of$25, with a standard deviation of $5.34, indicating variability among analysts [2] - The lowest estimate suggests a decline of 10.9%, while the highest indicates a potential upside of 122.8% [2] - A low standard deviation signifies a higher agreement among analysts regarding price movement [7] Analyst Sentiment - Analysts are optimistic about SVV's earnings prospects, as indicated by a trend of upward revisions in earnings estimates, which historically correlates with stock price movements [9] - Over the past 30 days, two earnings estimates have increased, leading to a 7.6% rise in the Zacks Consensus Estimate [10] Zacks Rank - SVV holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, suggesting strong potential for upside [11] Conclusion on Price Targets - While consensus price targets may not reliably indicate the extent of potential gains, they can provide a directional guide for stock movement [12]