Wall Street Analysts Believe ZipRecruiter (ZIP) Could Rally 28%: Here's is How to Trade

Group 1 - ZipRecruiter, Inc. (ZIP) shares have increased by 43.4% over the past four weeks, closing at $6.25, with a mean price target of $8 indicating a potential upside of 28% [1] - The mean estimate consists of five short-term price targets with a standard deviation of $1.87, where the lowest estimate is $6 (4% decline) and the highest is $10 (60% increase) [2] - Analysts show a strong agreement in revising earnings estimates higher, which correlates with potential stock price movements [11] Group 2 - The Zacks Consensus Estimate for the current year has risen by 1.1% over the past month, with two estimates increasing and one decreasing [12] - ZIP holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates [13] - While the consensus price target may not be a reliable indicator of potential gains, it suggests a positive direction for price movement [13]