Does Kontoor (KTB) Have the Potential to Rally 26.16% as Wall Street Analysts Expect?

Core Viewpoint - Kontoor Brands (KTB) has shown a significant price increase of 13.3% over the past four weeks, with a mean price target of $87.83 indicating a potential upside of 26.2% from the current price of $69.62 [1] Price Targets and Analyst Estimates - The mean estimate consists of six short-term price targets with a standard deviation of $9.22, suggesting variability in analyst predictions. The lowest estimate of $72 indicates a 3.4% increase, while the highest estimate suggests a 43.6% surge to $100 [2] - Analysts' price targets can often mislead investors, as empirical research shows that these targets rarely indicate actual stock price movements [7][10] - A low standard deviation among price targets indicates strong agreement among analysts regarding the stock's price direction, which can serve as a starting point for further research [9] Earnings Estimates and Analyst Agreement - There is strong agreement among analysts regarding KTB's ability to report better earnings than previously predicted, which supports the expectation of an upside in the stock [4][11] - The Zacks Consensus Estimate for the current year has increased by 2.9% over the past month, with one estimate rising and no negative revisions [12] - KTB holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates, indicating a strong potential for near-term upside [13]