Wall Street Analysts Believe CryoPort (CYRX) Could Rally 81.43%: Here's is How to Trade

Core Viewpoint - CryoPort, Inc. (CYRX) has seen a 7.3% increase in share price over the past four weeks, closing at $6.03, with a potential upside indicated by Wall Street analysts' mean price target of $10.94, suggesting an 81.4% increase [1][11]. Price Targets and Analyst Estimates - The mean estimate consists of nine short-term price targets with a standard deviation of $3.05, indicating variability among analysts; the lowest estimate is $6.50 (7.8% increase), while the highest is $15 (148.8% increase) [2][9]. - Analysts' consensus on price targets is often questioned, as they may not accurately reflect future stock prices; empirical research suggests that price targets can mislead investors [3][7]. - Despite skepticism around price targets, a low standard deviation among estimates indicates strong agreement among analysts regarding the stock's price direction [9][10]. Earnings Estimates and Market Sentiment - Analysts are optimistic about CYRX's earnings prospects, as indicated by a positive trend in earnings estimate revisions, which historically correlate with stock price movements [4][11]. - The Zacks Consensus Estimate for the current year has risen by 20.8% over the past month, with four estimates increasing and no negative revisions [12]. - CYRX holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, suggesting strong potential for near-term upside [13].