Core Viewpoint - Central Garden (CENTA) shares have increased by 10.1% in the past four weeks, closing at $32.86, with a potential upside indicated by Wall Street analysts' price targets suggesting a mean estimate of $41.60, representing a 26.6% upside [1] Price Targets - The average price target consists of five short-term estimates ranging from a low of $31 to a high of $50, with a standard deviation of $7.02, indicating variability among analysts [2] - The lowest estimate suggests a decline of 5.7% from the current price, while the highest estimate indicates a potential upside of 52.2% [2] Analyst Sentiment - There is strong agreement among analysts regarding CENTA's ability to report better earnings than previously predicted, which supports the view of potential upside [4] - The Zacks Consensus Estimate for the current year has risen by 7.1% over the past month, with two estimates increasing and no negative revisions [10] Zacks Rank - CENTA 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 a strong potential upside [11] Earnings Estimate Revisions - Increasing optimism among analysts about CENTA's earnings prospects is reflected in the upward revisions of EPS estimates, which have shown a strong correlation with near-term stock price movements [9]
Wall Street Analysts Predict a 26.6% Upside in Central Garden (CENTA): Here's What You Should Know