Wall Street Analysts See a 25.69% Upside in Energy Recovery (ERII): Can the Stock Really Move This High?

Core Viewpoint - Energy Recovery (ERII) shares have increased by 5.4% recently, with a mean price target of $20.50 indicating a potential upside of 25.7% from the current price of $16.31 [1] Price Targets - The mean estimate consists of four short-term price targets with a standard deviation of $1, where the lowest estimate is $20 (22.6% increase) and the highest is $22 (34.9% increase) [2] - A low standard deviation suggests a high degree of agreement among analysts regarding the stock's price movement [7] Analyst Sentiment - Analysts have shown increasing optimism about ERII's earnings prospects, as indicated by a positive trend in earnings estimate revisions [9] - The Zacks Consensus Estimate for the current year has risen by 3.3% over the past month, with one estimate increasing and no negative revisions [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 estimates [11] Conclusion on Price Movement - While consensus price targets may not reliably indicate the extent of potential gains, they do provide a useful guide for the direction of price movement [12]