Wall Street Analysts Predict a 36.26% Upside in Primoris Services (PRIM): Here's What You Should Know

Core Viewpoint - Primoris Services (PRIM) shows potential for significant upside, with a mean price target of $89.43 indicating a 36.3$65.63 [1] Price Targets and Analyst Estimates - The mean estimate consists of seven short-term price targets with a standard deviation of $12.62, suggesting variability among analysts [2] - The lowest estimate of$73 indicates an 11.2% increase, while the highest estimate of $110 suggests a potential surge of 67.6% [2] - A low standard deviation indicates strong agreement among analysts regarding the stock's price movement [8] Earnings Estimates and Analyst Agreement - There is increasing optimism among analysts about PRIM's earnings prospects, as indicated by a positive trend in earnings estimate revisions [10] - Over the last 30 days, the Zacks Consensus Estimate for the current year has increased by 0.9%, with one estimate moving higher and no negative revisions [11] - PRIM holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates [12] Caution on Price Targets - Solely relying on price targets for investment decisions may not be wise, as analysts' ability to set accurate targets has been questioned [3][6] - Analysts often set overly optimistic price targets due to business incentives, which can lead to inflated estimates [7] - While price targets should not be ignored, they should be approached with skepticism [9]