Wall Street Analysts See a 36.71% Upside in NV5 (NVEE): Can the Stock Really Move This High?

Core Viewpoint - NV5 Global (NVEE) shows potential for significant upside, with a mean price target of $25.25 indicating a 36.7$18.47 [1] Price Targets - The average price target consists of four estimates ranging from a low of $22 to a high of$28, with a standard deviation of $2.75, suggesting a variability in analyst estimates [2] - The lowest estimate indicates a 19.1% increase, while the highest suggests a 51.6% upside [2] Analyst Sentiment - Analysts are increasingly optimistic about NVEE's earnings prospects, as evidenced by a strong consensus in revising EPS estimates higher, which correlates with potential stock price movements [9] - Over the last 30 days, two estimates have been revised upward, leading to a 5.2% increase in the Zacks Consensus Estimate [10] Zacks Rank - NVEE 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] Price Target Reliability - While consensus price targets are often sought after, they may not reliably indicate actual stock price movements, and should be approached with skepticism [5][8]