Wall Street Analysts Believe Griffon (GFF) Could Rally 27.16%: Here's is How to Trade

Core Viewpoint - Griffon (GFF) shares have increased by 8.9% in the past four weeks, closing at $78.64, with a mean price target of$100 indicating a potential upside of 27.2% [1] Price Targets - The average price target consists of three estimates ranging from a low of $95 to a high of$105, with a standard deviation of $5, suggesting a potential increase of 20.8% to 33.5% from the current price [2][4] - A low standard deviation indicates a high degree of agreement among analysts regarding the stock's price movement [7] Analyst Sentiment - Analysts have shown increasing optimism about GFF's earnings prospects, as evidenced by a trend of higher EPS estimate revisions, which correlates with potential stock price increases [9] - The Zacks Consensus Estimate for the current year has risen by 0.6% over the past month, with no negative revisions [10] Zacks Rank - GFF holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, indicating strong potential for upside [11] Conclusion on Price Targets - While consensus price targets may not reliably predict the extent of GFF's gains, they can provide a directional guide for potential price movements [12]