Core Viewpoint - Allurion Technologies, Inc. (ALUR) has shown a significant price increase of 58.1% over the past four weeks, with a mean price target of 6.04 [1] Price Targets and Analyst Estimates - The mean estimate includes three short-term price targets with a standard deviation of 16 suggests a 164.9% increase, and the highest estimate predicts a surge of 727.8% to $50 [2] - A low standard deviation among price targets indicates strong agreement among analysts regarding the stock's price movement, which can serve as a starting point for further research [7] Earnings Estimates and Analyst Optimism - Analysts have shown growing optimism regarding ALUR's earnings prospects, as evidenced by a 17.1% increase in the Zacks Consensus Estimate for the current year, with three estimates moving higher and no negative revisions [10] - ALUR holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates, suggesting a strong potential upside in the near term [11] Caution on Price Targets - While price targets are often sought after by investors, they can mislead more than guide, as empirical research indicates that they rarely reflect actual stock price movements [5] - Analysts may set overly optimistic price targets due to business incentives, which can inflate expectations [6] - Investors should approach price targets with skepticism and not rely solely on them for investment decisions [8]
How Much Upside is Left in Allurion Technologies, Inc. (ALUR)? Wall Street Analysts Think 374.67%