Does HNI (HNI) Have the Potential to Rally 47.06% as Wall Street Analysts Expect?

Group 1 - HNI shares have increased by 8.8% over the past four weeks, closing at $47.26, with a mean price target of $69.50 indicating a potential upside of 47.1% [1] - The average price targets range from a low of $63 to a high of $80, with a standard deviation of $7.59, suggesting a consensus among analysts [2] - Analysts have shown increasing optimism regarding HNI's earnings prospects, with a 7.2% increase in the Zacks Consensus Estimate for the current year [11][12] Group 2 - HNI holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates [13] - The positive trend in earnings estimate revisions is correlated with potential stock price movements, indicating a legitimate reason for expecting an upside [11] - Analysts' price targets, while often overly optimistic, can provide a starting point for further research into the stock's potential [9][10]