Wall Street Analysts Believe U.S. Cellular (USM) Could Rally 26.02%: Here's is How to Trade

Core Viewpoint - United States Cellular (USM) shares have increased by 3.5% recently, with analysts suggesting a potential upside of 26% based on a mean price target of $85.33 [1][9] Price Targets - The mean estimate for USM's price target is$85.33, with a standard deviation of $2.52, indicating a relatively tight clustering of estimates [2][7] - The lowest price target is$83, suggesting a 22.6% increase, while the highest target is $88, indicating a potential 30% rise [2] Analyst Sentiment - Analysts show strong agreement in revising earnings estimates upward, which correlates with positive stock price movements [4][9] - Over the past 30 days, the Zacks Consensus Estimate for USM's current year earnings has increased by 9.4%, with two estimates moving higher and no negative revisions [10] Zacks Rank - USM holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate factors, indicating strong potential for upside [11] Caution on Price Targets - While price targets are a common tool for investors, they can often mislead, and reliance solely on them may not yield favorable returns [5][8]