Wall Street Analysts Think Energy Recovery (ERII) Could Surge 35.58%: Read This Before Placing a Bet

Core Viewpoint - Energy Recovery (ERII) shares have increased by 6.9% in the past four weeks, closing at $15.12, with a potential upside of 35.6% based on Wall Street analysts' mean price target of $20.50 [1] Price Targets - The mean estimate consists of four short-term price targets with a standard deviation of $1, indicating a low variability among analysts [2] - The lowest estimate of $20 suggests a 32.3% increase, while the highest estimate predicts a 45.5% surge to $22 [2] Analyst Sentiment - Analysts show strong agreement in revising earnings estimates higher, which correlates with potential stock price increases [4][9] - The Zacks Consensus Estimate for the current year has increased by 3.3% due to one upward revision and no negative revisions in the last 30 days [10] Zacks Rank - ERII holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, indicating a strong potential upside [11] Caution on Price Targets - While price targets can provide insights, they should not be the sole basis for investment decisions due to historical inaccuracies in predicting actual stock movements [5][8]