Wall Street Analysts Believe Carriage Services (CSV) Could Rally 27.04%: Here's is How to Trade

Core Viewpoint - Carriage Services (CSV) shares have shown a 1.2% increase over the past four weeks, closing at $47.49, with analysts suggesting a potential upside of 27% based on a mean price target of $60.33 [1] Price Targets and Analyst Consensus - The average price target for CSV ranges from a low of $56.00 to a high of $65.00, with a standard deviation of $4.51, indicating a relatively tight clustering of estimates [2] - The lowest estimate suggests a 17.9% increase from the current price, while the highest estimate indicates a 36.9% upside [2] - A low standard deviation signifies strong agreement among analysts regarding the stock's price movement [9] Earnings Estimates and Market Sentiment - Analysts have shown strong agreement in revising earnings per share (EPS) estimates higher for CSV, which correlates with potential stock price increases [11] - The Zacks Consensus Estimate for the current year has risen by 3.3% over the past month, with two estimates increasing and no negative revisions [12] - CSV 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 upside [13] Caution on Price Targets - While price targets are often sought after, they can mislead investors, and reliance solely on them may not yield favorable returns [3][10] - Analysts may set overly optimistic price targets due to business incentives, which can inflate expectations [8]