Wall Street Analysts Believe Montrose Environmental (MEG) Could Rally 31.31%: Here's is How to Trade

Group 1 - Montrose Environmental (MEG) shares have increased by 2.1% over the past four weeks, closing at $22.39, with a mean price target of $29.4 indicating a potential upside of 31.3% [1] - The mean estimate consists of five short-term price targets with a standard deviation of $4.83, where the lowest estimate is $24.00 (7.2% increase) and the highest is $35.00 (56.3% increase) [2] - Analysts show a consensus that MEG will report better earnings than previously estimated, which is a positive indicator for potential stock upside [4][11] Group 2 - The Zacks Consensus Estimate for MEG has increased by 4.7% due to two upward revisions in earnings estimates over the last 30 days, with no negative revisions [12] - MEG holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, suggesting strong potential for near-term upside [13] - While consensus price targets may not be reliable for predicting the extent of MEG's gains, they can provide a directional guide for price movement [14]