Wall Street Analysts Think International Seaways (INSW) Could Surge 51.69%: Read This Before Placing a Bet

Core Viewpoint - International Seaways (INSW) shares have increased by 6.1% recently, with analysts suggesting a potential upside of 51.7% based on a mean price target of $58.4 [1] Price Targets and Analyst Estimates - The mean estimate consists of five short-term price targets with a standard deviation of $9.94, indicating variability among analysts [2] - The lowest estimate of $48.00 suggests a 24.7% increase, while the highest estimate of $70.00 indicates an 81.8% potential surge [2] - Analysts' price targets can often mislead investors, as empirical research shows they rarely indicate actual stock price movements [7][10] Earnings Estimates and Analyst Agreement - There is strong agreement among analysts regarding INSW's ability to report better earnings, which supports the potential for stock upside [4][11] - Over the past 30 days, one earnings estimate has increased, leading to a 3.6% rise in the Zacks Consensus Estimate [12] - INSW holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate factors [13] Conclusion on Price Movement - While consensus price targets may not be reliable for predicting the extent of gains, they can provide a directional guide for potential price movements [14]