How Much Upside is Left in Enerflex (EFXT)? Wall Street Analysts Think 28.79%

Core Viewpoint - Enerflex (EFXT) has shown a significant price increase of 13.9% over the past four weeks, with a mean price target of $11.81 indicating a potential upside of 28.8% from its current price of $9.17 [1] Price Targets and Analyst Consensus - The average price target consists of eight estimates ranging from a low of $9.25 to a high of $13.81, with a standard deviation of $1.58, indicating variability among analysts [2] - The lowest estimate suggests a modest increase of 0.9%, while the highest estimate indicates a substantial upside of 50.6% [2] - A low standard deviation signifies strong agreement among analysts regarding the stock's price movement direction, although it does not guarantee reaching the average target [9] Earnings Estimates and Analyst Optimism - Analysts exhibit strong agreement in revising earnings estimates higher for EFXT, which correlates with potential stock price increases [11] - Over the past 30 days, two earnings estimates have increased while one has decreased, leading to a 37.8% rise in the Zacks Consensus Estimate for the current year [12] - EFXT holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, suggesting a solid potential upside [13] Caution on Price Targets - While price targets are commonly referenced, they can mislead investors, as empirical research indicates they often do not accurately predict stock price movements [7][10] - Analysts may set overly optimistic price targets due to business incentives, which can inflate expectations [8]