Wall Street Analysts Think Interpublic (IPG) Could Surge 25.37%: Read This Before Placing a Bet

Core Viewpoint - Interpublic Group (IPG) shares have increased by 9.2% recently, with a mean price target of $31.38 suggesting a potential upside of 25.4% from the current price of $25.03 [1] Price Targets and Analyst Estimates - The mean estimate consists of eight short-term price targets with a standard deviation of $3.58, indicating variability among analysts [2] - The lowest price target is $27, suggesting a 7.9% increase, while the highest target is $35, indicating a potential surge of 39.8% [2] - A low standard deviation signifies strong agreement among analysts regarding the stock's price direction [9] Earnings Estimates and Analyst Sentiment - Analysts have shown increasing optimism about IPG's earnings prospects, as evidenced by a positive trend in earnings estimate revisions [11] - Over the last 30 days, the Zacks Consensus Estimate for the current year has risen by 0.6%, with two estimates moving higher and no negative revisions [12] - IPG holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors [13]