Wall Street Analysts Think Alvotech (ALVO) Could Surge 102.31%: Read This Before Placing a Bet

Core Viewpoint - Alvotech (ALVO) shares have increased by 2.9% recently, closing at $8.65, with a potential upside indicated by Wall Street analysts' price targets suggesting a mean estimate of $17.5, representing a 102.3% upside [1][2]. Price Targets and Analyst Estimates - The mean estimate consists of four short-term price targets with a standard deviation of $7, where the lowest estimate is $14.00 (61.9% increase) and the highest is $28.00 (223.7% increase) [2]. - A low standard deviation indicates a strong agreement among analysts regarding the price targets, suggesting a more reliable consensus [2][9]. Earnings Estimates and Analyst Sentiment - Analysts show strong agreement in revising earnings estimates higher, which correlates with potential stock price increases [4][11]. - Over the last 30 days, the Zacks Consensus Estimate for the current year has risen by 6.3%, with one estimate increasing and no negative revisions [12]. Zacks Rank and Investment Potential - ALVO holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimates [13]. - While consensus price targets may not be entirely reliable, the direction they imply appears to be a good guide for potential price movement [14].