Wall Street Analysts Believe Perrigo (PRGO) Could Rally 35.36%: Here's is How to Trade

Core Viewpoint - Perrigo (PRGO) shares have increased by 2.9% over the past four weeks, closing at $27.09, with a mean price target of $36.67 indicating a potential upside of 35.4% [1] Price Targets - The average price target consists of three short-term estimates ranging from a low of $30.00 to a high of $42.00, with a standard deviation of $6.11, suggesting a potential increase of 10.7% to 55% from the current price [2] - A low standard deviation indicates a strong agreement among analysts regarding the price targets, which can be a useful metric for investors [2][9] Analyst Sentiment - Analysts show strong agreement in revising earnings estimates higher for PRGO, which is a positive indicator for potential stock upside [4][11] - The Zacks Consensus Estimate for the current year has increased by 0.3% over the past month, with no negative revisions, reflecting growing optimism [12] Zacks Rank - PRGO holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates, which supports the stock's potential upside [13] Conclusion on Price Targets - While the consensus price target may not be a reliable indicator of the exact price movement, it does provide a directional guide for potential stock performance [14]