Wall Street Analysts See a 78.49% Upside in AudioEye (AEYE): Can the Stock Really Move This High?

Group 1 - AudioEye (AEYE) shares have increased by 15.7% over the past four weeks, closing at $12.55, with a mean price target of $22.40 indicating a potential upside of 78.5% [1] - The average price targets range from a low of $20 to a high of $25, with a standard deviation of $2.51, suggesting a potential increase of 59.4% to 99.2% from the current price level [2] - Analysts show strong agreement in revising earnings estimates higher, which correlates with potential stock price movements, as the Zacks Consensus Estimate for the current year has increased by 10.4% [11][12] Group 2 - AEYE 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 upside [13] - While price targets are often viewed skeptically due to their tendency to mislead investors, a tight clustering of targets with low standard deviation suggests a high degree of agreement among analysts regarding price movement [9][10]