Wall Street Analysts See a 31.97% Upside in PG&E (PCG): Can the Stock Really Move This High?

Group 1 - PG&E (PCG) shares have increased by 3.1% over the past four weeks, closing at $16.08, with a mean price target of$21.22 indicating a potential upside of 32% [1] - The mean estimate consists of 16 short-term price targets with a standard deviation of $3.01, where the lowest estimate is$15 (6.7% decline) and the highest is $26 (61.7% increase) [2] - Analysts show strong agreement on the company's ability to report better earnings than previously predicted, which supports the potential for stock upside [4][9] Group 2 - The Zacks Consensus Estimate for the current year has increased by 0.1% over the last 30 days, with two estimates moving higher and one lower [10] - PCG 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 exact gains, they can provide a directional guide for price movement [12]