How Much Upside is Left in SkyWest (SKYW)? Wall Street Analysts Think 31.72%

Core Viewpoint - SkyWest (SKYW) shows potential for significant upside, with a mean price target of $116.60 indicating a 31.7% increase from the current price of $88.52 [1] Price Targets - The mean estimate consists of five short-term price targets with a standard deviation of $10.74, suggesting variability among analysts [2] - The lowest estimate of $100 indicates a 13% increase, while the highest estimate predicts a 43.5% surge to $127 [2] - A low standard deviation indicates a high degree of agreement among analysts regarding price movement [9] Analyst Sentiment - Analysts are optimistic about SkyWest's earnings prospects, as indicated by upward revisions in EPS estimates [11] - Over the last 30 days, the Zacks Consensus Estimate for the current year has increased by 3.1%, with three estimates moving higher and no negative revisions [12] - SkyWest holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates [13] Limitations of Price Targets - Price targets can mislead investors, as empirical research shows they rarely indicate actual stock price movements [7] - Analysts may set overly optimistic price targets due to business incentives, which can inflate expectations [8] - While price targets should not be ignored, they should be approached with skepticism and not be the sole basis for investment decisions [10]