Wall Street Analysts See a 32.98% Upside in Great Lakes Dredge & Dock (GLDD): Can the Stock Really Move This High?

Group 1 - Great Lakes Dredge & Dock (GLDD) closed at $11.28, with a 0.8% gain over the past four weeks, and a mean price target of $15 indicates a 33% upside potential [1] - The mean estimate includes four short-term price targets with a standard deviation of $1.41, where the lowest estimate of $14.00 suggests a 24.1% increase, and the highest estimate of $17.00 indicates a potential surge of 50.7% [2] - Analysts show strong agreement on GLDD's ability to report better earnings, with a positive trend in earnings estimate revisions correlating with potential stock upside [4][11] Group 2 - Over the last 30 days, the Zacks Consensus Estimate for GLDD's current year has increased by 3.5%, with one estimate moving higher and no negative revisions [12] - GLDD 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 near-term upside [13] - While the consensus price target may not be entirely reliable, it provides a directional guide for potential price movement [14]