Core Viewpoint - NV5 Global (NVEE) shows potential for significant upside, with a mean price target of $25.25 indicating a 43.1% increase from its current price of $17.64 [1] Price Target Analysis - The average price targets from analysts range from a low of $22 to a high of $28, with a standard deviation of $2.75, suggesting a consensus among analysts [2] - The lowest estimate indicates a 24.7% increase, while the highest suggests a 58.7% upside [2] - A low standard deviation indicates a high degree of agreement among analysts regarding the stock's price movement [7] Earnings Estimates - Analysts have shown increasing optimism about NVEE's earnings prospects, with a strong agreement in revising EPS estimates higher [9] - Over the last 30 days, two estimates have increased, leading to a 5.4% rise in the Zacks Consensus Estimate [10] - NVEE holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates [11] Caution on Price Targets - Solely relying on price targets for investment decisions may not be wise, as analysts' ability to set unbiased targets has been questioned [3][5] - Analysts often set overly optimistic price targets due to business incentives, which can lead to inflated estimates [6] - While price targets should not be ignored, they should be approached with skepticism [8]
Wall Street Analysts Think NV5 (NVEE) Could Surge 43.14%: Read This Before Placing a Bet