Does Tango Therapeutics (TNGX) Have the Potential to Rally 75.89% as Wall Street Analysts Expect?

Group 1 - Tango Therapeutics, Inc. (TNGX) closed at $5.93, with a 26.4% gain over the past four weeks, and a mean price target of $10.43 indicating a 75.9% upside potential [1] - The average of seven short-term price targets ranges from $8.00 to $13.00, with a standard deviation of $2.23, suggesting a potential increase of 34.9% to 119.2% from the current price [2] - Analysts show strong agreement on TNGX's ability to report better earnings than previously predicted, which supports the view of potential upside [4][11] Group 2 - The Zacks Consensus Estimate for TNGX's current year has increased by 1% over the past month, with one estimate going higher and no negative revisions [12] - TNGX holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates [13] - While consensus price targets may not be reliable for predicting exact gains, they can indicate the direction of price movement, which appears to be a good guide [14]