Wall Street Analysts Believe HNI (HNI) Could Rally 32.65%: Here's is How to Trade

Group 1 - HNI closed at $51.83, with a 1.3% gain over the past four weeks, and analysts set a mean price target of $68.75, indicating a 32.7% upside potential [1] - The average price targets range from a low of $60.00 to a high of $80.00, with a standard deviation of $8.54, suggesting a 15.8% to 54.4% upside based on the lowest and highest estimates respectively [2] - Analysts show strong agreement on HNI's ability to report better earnings, with a positive trend in earnings estimate revisions correlating with potential stock price increases [4][11] Group 2 - The Zacks Consensus Estimate for HNI's current year earnings has increased by 1.4% over the past month, with two estimates revised higher and no negative revisions [12] - HNI holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates [13] - While consensus price targets may not be reliable for predicting exact gains, they can indicate the direction of price movement, which appears to be a good guide for potential upside [14]