Does Outset Medical (OM) Have the Potential to Rally 71.66% as Wall Street Analysts Expect?

Group 1 - Outset Medical, Inc. (OM) shares have increased by 9.6% in the past four weeks, closing at $11.01, with a mean price target of $18.90 indicating a potential upside of 71.7% [1] - The mean estimate consists of five short-term price targets with a standard deviation of $14.91, where the lowest estimate is $7.50 (31.9% decline) and the highest is $45 (308.7% increase) [2] - Analysts show strong agreement on OM's ability to report better earnings, with a positive trend in earnings estimate revisions correlating with potential stock price increases [4][11] Group 2 - The Zacks Consensus Estimate for the current year has risen by 80.8% over the past month, with two estimates increasing and no negative revisions [12] - OM holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates, indicating strong potential for upside [13]