Does Camden National (CAC) Have the Potential to Rally 27.67% as Wall Street Analysts Expect?

Core Viewpoint - Camden National (CAC) shares have increased by 7.8% over the past four weeks, closing at $39.36, with a potential upside indicated by Wall Street analysts' price targets suggesting a mean estimate of $50.25, representing a 27.7% upside [1] Price Targets and Analyst Consensus - The average price targets range from a low of $47 to a high of $53, with a standard deviation of $3.20, indicating a relatively tight clustering of estimates. The lowest estimate suggests a 19.4% increase, while the highest points to a 34.7% upside [2] - A low standard deviation signifies strong agreement among analysts regarding the stock's price movement, which can serve as a starting point for further research into fundamental drivers [9] Earnings Estimates and Analyst Optimism - Analysts show strong agreement in revising earnings per share (EPS) estimates higher, which correlates with potential stock price increases. The Zacks Consensus Estimate for the current year has risen by 0.6% over the past month, with one estimate increasing and no negative revisions [11][12] - CAC holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, indicating a strong potential for upside in the near term [13]