How Much Upside is Left in Knot Offshore (KNOP)? Wall Street Analysts Think 106.1%

Core Viewpoint - Knot Offshore (KNOP) shares have shown a modest increase of 0.3% over the past four weeks, closing at $6.39, with analysts suggesting a potential upside of 106.1% based on a mean price target of $13.17 [1] Price Targets - The average price targets from analysts range from a low of $12 to a high of $15, with a standard deviation of $1.61, indicating a potential increase of 87.8% to 134.7% from the current price level [2] - A low standard deviation suggests a high degree of agreement among analysts regarding the stock's price movement, which can be a useful starting point for further research [9] Analyst Sentiment - Analysts have shown increasing optimism regarding KNOP's earnings prospects, as evidenced by a strong consensus in revising EPS estimates higher, which correlates with potential stock price movements [11] - Over the last 30 days, the Zacks Consensus Estimate for the current year has increased by 44.9%, with no negative revisions reported [12] Zacks Rank - KNOP holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, indicating a strong potential for upside in the near term [13]