Wall Street Analysts Believe Steelcase (SCS) Could Rally 48.34%: Here's is How to Trade

Group 1 - Steelcase (SCS) closed at $11.46, with a 0.3% gain over the past four weeks, and a mean price target of $17 indicates a potential upside of 48.3% [1] - The average price targets range from a low of $16 to a high of $18, with a standard deviation of $1.15, suggesting a 39.6% increase at the lowest estimate and a 57.1% increase at the highest [2] - Analysts show strong agreement in revising earnings estimates higher, which correlates with potential stock price movements [11][12] Group 2 - The Zacks Consensus Estimate for the current year has increased by 5.7% over the last 30 days, with two estimates moving higher and no negative revisions [12] - Steelcase currently holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimates [13] - While consensus price targets may not be reliable for predicting exact gains, they can indicate the direction of price movement [13]