Wall Street Analysts See a 55.87% Upside in Superior Group (SGC): Can the Stock Really Move This High?

Group 1 - Superior Group (SGC) shares have increased by 2.7% over the past four weeks, closing at $11.42, with a mean price target of $17.8 indicating a potential upside of 55.9% [1] - The mean estimate consists of five short-term price targets with a standard deviation of $4.15, where the lowest estimate is $14.00 (22.6% increase) and the highest is $24.00 (110.2% increase) [2] - Analysts show a strong agreement in revising earnings estimates higher, which correlates with potential stock price movements, as the Zacks Consensus Estimate has increased by 10.7% [11][12] Group 2 - The consensus price target is often viewed as a key metric, but relying solely on it for investment decisions may not be prudent due to the questionable ability of analysts in setting these targets [3][7] - Analysts may set overly optimistic price targets influenced by business relationships, which can lead to inflated expectations [8] - A low standard deviation in price targets indicates a high degree of agreement among analysts regarding the stock's price movement direction, serving as a starting point for further research [9] Group 3 - SGC holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates, suggesting a strong potential upside [13] - While the consensus price target may not reliably indicate the extent of SGC's gains, it does provide a useful guide for price movement direction [14]