Wall Street Analysts Think Devon Energy (DVN) Could Surge 31.42%: Read This Before Placing a Bet

Group 1 - Devon Energy (DVN) shares have increased by 4.3% over the past four weeks, closing at $37.49, with a mean price target of$49.27 indicating a potential upside of 31.4% [1] - The mean estimate consists of 26 short-term price targets with a standard deviation of $5.73, where the lowest estimate is$43 (14.7% increase) and the highest is $67 (78.7% increase) [2] - Analysts show strong agreement on DVN's ability to report better earnings, with a positive trend in earnings estimate revisions suggesting potential upside [4][9] Group 2 - The Zacks Consensus Estimate for DVN has increased by 3.2% over the past month, with three estimates going higher and one going lower [10] - DVN holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates [11] - While consensus price targets may not be reliable for predicting the extent of gains, they can provide guidance on price movement direction [12]