Can Fox Factory Holding (FOXF) Climb 35.49% to Reach the Level Wall Street Analysts Expect?

Core Viewpoint - Fox Factory Holding (FOXF) shares have increased by 1.5% recently, closing at $27.73, with a potential upside of 35.5% based on Wall Street analysts' mean price target of $37.57 [1] Price Targets and Analyst Estimates - The mean estimate consists of seven short-term price targets with a standard deviation of $5.09, indicating variability among analysts [2] - The lowest price target is $30, suggesting an 8.2% increase, while the highest target is $45, indicating a potential surge of 62.3% [2] - A low standard deviation signifies strong agreement among analysts regarding the stock's price movement direction [7] Earnings Estimates and Analyst Agreement - Analysts have shown increasing optimism about FOXF's earnings prospects, with a positive trend in earnings estimate revisions [9] - Over the past 30 days, one estimate has increased, leading to a 6.4% rise in the Zacks Consensus Estimate [10] - FOXF holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates [11] Conclusion on Price Targets - While consensus price targets may not reliably indicate the extent of potential gains, they can provide a directional guide for price movement [12]