Wall Street Analysts See a 91.05% Upside in Alvotech (ALVO): Can the Stock Really Move This High?

Group 1 - Alvotech (ALVO) shares have increased by 0.3% over the past four weeks, closing at $9.16, with a mean price target of $17.5 indicating a potential upside of 91.1% [1] - The mean estimate consists of four short-term price targets with a standard deviation of $7, where the lowest estimate is $14.00 (52.8% increase) and the highest is $28.00 (205.7% increase) [2] - Analysts show strong agreement in revising earnings estimates higher, which correlates with potential stock price movements [11][12] Group 2 - The Zacks Consensus Estimate for the current year has risen by 6.3% over the last 30 days, with one estimate moving higher and no negative revisions [12] - Alvotech holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimates [13] - While consensus price targets may not be reliable for predicting the extent of gains, they can indicate the direction of price movement [14]