Wall Street Analysts Believe Agenus (AGEN) Could Rally 26.6%: Here's is How to Trade

Core Viewpoint - Agenus (AGEN) shares have increased by 68.4% over the past four weeks, closing at $5, with a mean price target of $6.33 indicating a potential upside of 26.6% [1] Price Targets and Analyst Estimates - The mean estimate consists of three short-term price targets with a standard deviation of $2.08, where the lowest estimate of $4 suggests a 20% decline, while the highest target of $8 indicates a potential 60% increase [2] - A low standard deviation among price targets suggests a strong agreement among analysts regarding the stock's price movement direction [9] Earnings Estimates and Analyst Optimism - Analysts show strong agreement in revising earnings per share (EPS) estimates higher, which correlates with potential stock price increases [11] - Over the last 30 days, three EPS estimates for the current year have been revised upward, leading to a 52.4% increase in the Zacks Consensus Estimate [12] Zacks Rank and Investment Potential - Agenus holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, indicating strong potential for upside [13]