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Does Nomad Foods (NOMD) Have the Potential to Rally 37.22% as Wall Street Analysts Expect?
Nomad FoodsNomad Foods(US:NOMD) ZACKS·2025-07-30 14:55

Core Viewpoint - Nomad Foods (NOMD) shows potential for significant upside, with a mean price target of $24 indicating a 37.2% increase from the current price of $17.49 [1] Price Targets and Analyst Estimates - The mean estimate consists of six short-term price targets with a standard deviation of $2.37, suggesting a range of estimates from $20.00 (14.4% increase) to $27.00 (54.4% increase) [2] - A low standard deviation indicates strong agreement among analysts regarding the stock's price movement, which can serve as a starting point for further research [9] Earnings Estimates and Analyst Sentiment - Analysts exhibit growing optimism about NOMD's earnings prospects, as evidenced by a positive trend in earnings estimate revisions, which correlates with near-term stock price movements [11] - Over the last 30 days, one estimate has increased, leading to a 1.7% rise in the Zacks Consensus Estimate for the current year [12] Zacks Rank and Investment Potential - NOMD 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 entirely reliable, the implied direction of price movement appears to be a useful guide for investors [14]