Wall Street Analysts See a 40.5% Upside in Sangoma Technologies Corporation (SANG): Can the Stock Really Move This High?

Core Viewpoint - Sangoma Technologies Corporation (SANG) has shown a significant price increase of 29.2% over the past four weeks, with a mean price target of $8.36 indicating a potential upside of 40.5% from the current price of $5.95 [1] Price Targets and Analyst Consensus - The average price target consists of four estimates ranging from a low of $7.94 to a high of $9.50, with a standard deviation of $0.76, suggesting a relatively tight clustering of estimates [2] - The lowest estimate indicates a potential increase of 33.5%, while the highest suggests a 59.7% upside [2] - A low standard deviation indicates strong agreement among analysts regarding the stock's price movement direction and magnitude [9] Earnings Estimates and Analyst Optimism - Analysts have shown growing optimism regarding SANG'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 increased by 8.3%, with two estimates moving higher and no negative revisions [12] - SANG holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, indicating strong potential for upside [13]