Wall Street Analysts See a 33.42% Upside in American Superconductor (AMSC): Can the Stock Really Move This High?

Core Viewpoint - American Superconductor (AMSC) shares have increased by 24.3% in the past four weeks, closing at $29.23, with a mean price target of $39 indicating a potential upside of 33.4% [1] Price Targets and Analyst Estimates - The mean estimate consists of three short-term price targets with a standard deviation of $1, where the lowest estimate of $38 suggests a 30% increase, and the highest estimate of $40 indicates a 36.9% increase from the current price [2] - A low standard deviation signifies strong agreement among analysts regarding the stock's price movement, which can serve as a starting point for further research [7] Earnings Estimates and Analyst Sentiment - Analysts have shown increasing optimism about AMSC's earnings prospects, as evidenced by a positive trend in earnings estimate revisions, which correlates with potential stock price movements [9] - The Zacks Consensus Estimate for the current year has risen by 2.5% over the past month, with two estimates increasing and no negative revisions [10] Zacks Rank and Investment Potential - AMSC holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates, indicating a strong potential upside [11]