Wall Street Analysts Believe SunOpta (STKL) Could Rally 60.26%: Here's is How to Trade

Group 1 - SunOpta (STKL) closed at $6.24, with a 1.6% gain over the past four weeks, and a mean price target of $10 indicates a 60.3% upside potential [1] - The average price targets range from a low of $8.00 to a high of $12.00, with a standard deviation of $1.26, suggesting a potential increase of 28.2% to 92.3% from the current price [2] - Analysts show strong agreement on STKL's ability to report better earnings, with a positive trend in earnings estimate revisions indicating potential upside [4][11] Group 2 - The Zacks Consensus Estimate for STKL's current year has increased by 2.9%, with one estimate moving higher and no negative revisions [12] - STKL holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates [13] - While the consensus price target may not be a reliable indicator, the implied direction of price movement appears to be a good guide for potential gains [14]