Wall Street Analysts Predict a 36.57% Upside in EverQuote (EVER): Here's What You Should Know

Core Viewpoint - EverQuote (EVER) shares have shown a modest increase of 0.5% over the past four weeks, closing at $25.02, with analysts suggesting a potential upside of 36.6% based on a mean price target of $34.17 [1] Price Targets and Analyst Estimates - The mean estimate consists of six short-term price targets with a standard deviation of $2.79, indicating variability among analysts; the lowest estimate suggests a 19.9% increase to $30.00, while the highest predicts a 51.9% surge to $38.00 [2] - Analysts' consensus on price targets can be misleading, as their ability to set unbiased targets has been questioned; empirical research shows that price targets often do not accurately predict stock price movements [3][7] Earnings Estimates and Analyst Agreement - Strong agreement among analysts regarding EverQuote's earnings prospects, reflected in positive revisions of EPS estimates, supports the expectation of an upside in the stock; historical data shows a correlation between earnings estimate trends and stock price movements [4][11] - Over the past 30 days, three earnings estimates for EverQuote have been revised upward, resulting in an 8.8% increase in the Zacks Consensus Estimate [12] Zacks Rank and Investment Potential - EverQuote holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate factors, indicating strong potential for near-term upside [13] - While the consensus price target may not be a reliable measure of potential gains, the implied direction of price movement appears to be a useful guide for investors [14]