Wall Street Analysts Predict a 27.28% Upside in Perrigo (PRGO): Here's What You Should Know

Group 1 - Perrigo's shares have increased by 8.8% over the past four weeks, closing at $26.91, with a mean price target of $34.25 indicating a potential upside of 27.3% [1] - The mean estimate includes four short-term price targets with a standard deviation of $6.95, where the lowest estimate suggests a 0.3% increase and the highest predicts a 56.1% surge to $42 [2] - Analysts show a consensus that Perrigo will report better earnings than previously estimated, which is a positive indicator for potential stock upside [4][11] Group 2 - The Zacks Consensus Estimate for the current year has increased by 1.5%, with two estimates moving higher and one lower over the last 30 days [12] - Perrigo holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates, suggesting a strong potential upside [13] - While price targets should not be the sole basis for investment decisions, the direction implied by these targets can serve as a useful guide for further research [10][11]