Wall Street Analysts See a 25.84% Upside in Interpublic (IPG): Can the Stock Really Move This High?

Group 1 - Interpublic Group (IPG) shares have increased by 5.1% over the past four weeks, closing at $24.19, with a mean price target of $30.44 indicating a potential upside of 25.8% [1] - The average price target from analysts ranges from a low of $27.00 to a high of $36.00, with a standard deviation of $3.72, suggesting a potential increase of 11.6% to 48.8% from the current price [2] - Analysts show strong agreement on IPG'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 IPG has increased by 0.3% due to one upward revision in earnings estimates over the last 30 days, with no negative revisions [12] - IPG holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates, indicating strong potential for upside [13] - While consensus price targets may not be reliable for predicting exact gains, they can provide a directional guide for price movement [14]