Wall Street Analysts See a 35.24% Upside in Granite Ridge Resources, Inc. (GRNT): Can the Stock Really Move This High?

Core Viewpoint - Granite Ridge Resources, Inc. (GRNT) shows potential for significant upside, with a mean price target of $7.56 indicating a 35.2$5.59 [1] Price Targets - The average price target consists of five estimates ranging from $7 to$8.80, with a standard deviation of $0.82, suggesting a consensus among analysts [2] - The lowest estimate indicates a 25.2% increase, while the highest suggests a 57.4% upside [2] Analyst Sentiment - Analysts exhibit strong agreement on GRNT's ability to report better earnings than previously predicted, which supports the expectation of stock upside [4][10] - Over the last 30 days, the Zacks Consensus Estimate for the current year has increased by 5.5%, with one estimate moving higher and no negative revisions [11] Zacks Rank - GRNT holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, indicating strong potential for near-term upside [12]