Does Metropolitan Bank Holding (MCB) Have the Potential to Rally 32.77% as Wall Street Analysts Expect?

Core Viewpoint - Metropolitan Bank Holding Corp. (MCB) has seen a 1.5% increase in share price over the past four weeks, closing at $61.89, with analysts suggesting a potential upside of 32.8$82.17 [1] Price Targets - The average price target for MCB is derived from three short-term estimates, ranging from a low of $78 to a high of$85, with a standard deviation of $3.69, indicating a relatively high agreement among analysts [2] - The lowest estimate suggests a 26% increase from the current price, while the highest indicates a 37.3% upside [2] Analyst Sentiment - Analysts show strong agreement regarding MCB's ability to report better earnings than previously predicted, which supports the expectation of an upside [4] - A positive trend in earnings estimate revisions has been correlated with stock price movements, suggesting that this could be a reliable indicator of potential gains [9] Earnings Estimates - Over the past 30 days, one earnings estimate for MCB has increased, with no negative revisions, leading to a 4% rise in the Zacks Consensus Estimate [10] - MCB 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 near-term upside [11] Conclusion on Price Targets - While the consensus price target may not be a definitive measure of MCB's potential gains, the direction indicated by these targets appears to be a useful guide for investors [12]