Wall Street Analysts See a 55.14% Upside in Crexendo (CXDO): Can the Stock Really Move This High?

Core Viewpoint - Crexendo (CXDO) shows potential for significant upside, with a mean price target of $8.30 indicating a 55.1% increase from the current trading price of $5.35 [1] Price Targets and Analyst Estimates - The mean estimate consists of five short-term price targets with a standard deviation of $0.97, suggesting variability in analyst predictions [2] - The lowest estimate of $7.50 indicates a 40.2% increase, while the highest estimate suggests an 86.9% surge to $10 [2] - A low standard deviation indicates strong agreement among analysts regarding the stock's price direction [9] Analyst Sentiment and Earnings Estimates - Analysts have shown increasing optimism about CXDO's earnings prospects, as evidenced by a positive trend in earnings estimate revisions [11] - The Zacks Consensus Estimate for the current year has risen by 18.2% over the past month, with two estimates increasing and no negative revisions [12] - CXDO holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates [13]