Wall Street Analysts Believe Brainsway (BWAY) Could Rally 30.98%: Here's is How to Trade

Group 1 - Brainsway Ltd. Sponsored ADR (BWAY) shares have increased by 7.1% over the past four weeks, closing at $11.49, with a mean price target of $15.05 indicating a potential upside of 31% [1] - The average price targets range from a low of $14.20 to a high of $16.00, with a standard deviation of $0.74, suggesting a relatively high agreement among analysts regarding the stock's potential movement [2] - Analysts show strong agreement on the company's ability to report better earnings than previously predicted, which supports the expectation of an upside [4][11] Group 2 - The Zacks Consensus Estimate for the current year has increased by 1.7% over the last 30 days, with one estimate moving higher and no negative revisions [12] - BWAY 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 [13] - While consensus price targets may not be entirely reliable, the direction they imply appears to be a good guide for potential price movement [14]