Wall Street Analysts See a 51.65% Upside in North American Construction (NOA): Can the Stock Really Move This High?

Core Viewpoint - North American Construction (NOA) shares have increased by 2.6% recently, with a mean price target of $24.87 suggesting a potential upside of 51.7% from the current price of $16.4 [1] Price Targets and Analyst Consensus - The average price target for NOA is based on eight estimates, ranging from a low of $17.89 to a high of $39.31, with a standard deviation of $6.98, indicating variability among analysts [2] - The lowest estimate suggests a 9.1% increase, while the highest indicates a 139.7% upside [2] - Analysts' price targets can often mislead investors, as empirical research shows they rarely indicate actual stock price movements [7][10] Earnings Estimates and Analyst Agreement - There is strong agreement among analysts regarding NOA's ability to report better earnings, which supports the potential for stock upside [4][11] - Over the past 30 days, one earnings estimate has increased, leading to a 0.6% rise in the Zacks Consensus Estimate [12] - NOA holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates [13] Conclusion on Price Movement - While consensus price targets may not be reliable for predicting the extent of NOA's gains, the implied direction of price movement appears to be a useful guide [14]