Wall Street Analysts Believe Revolution Medicines (RVMD) Could Rally 90.58%: Here's is How to Trade

Group 1 - Revolution Medicines, Inc. (RVMD) shares have increased by 2.7% over the past four weeks, closing at $37.91, with a mean price target of $72.25 indicating a potential upside of 90.6% [1][2] - The mean estimate consists of 12 short-term price targets with a standard deviation of $7.86, where the lowest estimate is $57.00 (50.4% increase) and the highest is $88.00 (132.1% increase) [2] - Analysts show strong agreement on RVMD's ability to report better earnings than previously predicted, which supports the potential for stock upside [4][11] Group 2 - The Zacks Consensus Estimate for RVMD's current year earnings has increased by 1% over the last 30 days, with one estimate moving higher and no negative revisions [12] - RVMD holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates [13] - While the consensus price target may not be a reliable indicator of the stock's potential gain, it does provide a directional guide for price movement [14]