Wall Street Analysts Believe Red Robin (RRGB) Could Rally 87.6%: Here's is How to Trade

Group 1 - Red Robin (RRGB) closed at $5.00, with a 57.7% gain over the past four weeks, and a mean price target of $9.38 suggests an 87.6% upside potential [1] - The average price targets range from a low of $3.50 to a high of $12.00, with a standard deviation of $3.94, indicating variability in analyst estimates [2] - Analysts show a consensus that RRGB will report better earnings than previously estimated, which supports the potential for stock upside [4][11] Group 2 - The Zacks Consensus Estimate for RRGB has increased by 7.6% due to one upward revision in earnings estimates over the last 30 days [12] - RRGB holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, indicating strong potential for upside [13] - While the consensus price target may not be a reliable indicator of the extent of gains, it does provide a directional guide for price movement [14]