Wall Street Analysts Think Alvotech (ALVO) Could Surge 72.61%: Read This Before Placing a Bet

Group 1 - Alvotech (ALVO) shares have increased by 10.1% over the past four weeks, closing at $10.66, with a mean price target of $18.40 indicating a potential upside of 72.6% [1] - The average price targets range from a low of $14 to a high of $28, with a standard deviation of $5.73, suggesting a variability in estimates; the lowest estimate indicates a 31.3% increase, while the highest points to a 162.7% upside [2] - Analysts show a consensus that Alvotech will report better earnings than previously estimated, which is a positive indicator for potential stock price increases [4][11] Group 2 - The Zacks Consensus Estimate for Alvotech's current year earnings has increased by 251.4% over the last 30 days, with two estimates moving higher and no negative revisions [12] - Alvotech holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimates, indicating strong potential for upside [13] - While price targets may not be entirely reliable, the direction they imply appears to be a good guide for potential price movement [13]