Wall Street Analysts See a 30.24% Upside in Eastern Bankshares (EBC): Can the Stock Really Move This High?

Core Viewpoint - Eastern Bankshares, Inc. (EBC) shows potential for significant upside, with a mean price target of $19.25 indicating a 30.2% increase from the current price of $14.78 [1] Price Targets and Analyst Consensus - The average price targets for EBC range from a low of $16 to a high of $23, with a standard deviation of $2.99, suggesting a moderate agreement among analysts [2] - The lowest estimate indicates an 8.3% increase, while the highest suggests a 55.6% upside [2] - A low standard deviation indicates a high degree of agreement among analysts regarding the stock's price movement [9] Earnings Estimates and Analyst Optimism - Analysts are optimistic about EBC's earnings prospects, as indicated by a positive trend in earnings estimate revisions [4][11] - The Zacks Consensus Estimate for the current year has increased by 2.4% over the past month, with three estimates revised upward and no negative revisions [12] - EBC holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimates [13]