Does Edison International (EIX) Have the Potential to Rally 27.5% as Wall Street Analysts Expect?

Core Viewpoint - Edison International (EIX) shows potential for upside with a mean price target of $69.97, indicating a 27.5% increase from the current price of $54.88 [1] Price Targets and Analyst Consensus - The average price target consists of 16 estimates ranging from a low of $50.50 to a high of $86, with a standard deviation of $10.02, suggesting variability in analyst predictions [2] - The lowest estimate indicates an 8% decline, while the highest suggests a 56.7% upside, highlighting the range of opinions among analysts [2] - A low standard deviation indicates strong agreement among analysts regarding the stock's price movement direction, which can be a starting point for further research [9] Earnings Estimates and Analyst Optimism - Analysts have shown increasing optimism about EIX's earnings prospects, as evidenced by a trend of higher EPS estimate revisions [11] - The Zacks Consensus Estimate for the current year has risen by 2% over the past month, with three estimates increasing and one decreasing [12] - EIX 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]