How Much Upside is Left in The Pennant Group (PNTG)? Wall Street Analysts Think 31.17%

Core Viewpoint - The Pennant Group, Inc. (PNTG) shows potential for significant upside, with a mean price target of $32.4 indicating a 31.2% increase from its current price of $24.7 [1][11]. Price Targets and Analyst Estimates - The mean estimate consists of five short-term price targets with a standard deviation of $3.85, suggesting variability among analysts [2]. - The lowest estimate is $28.00, indicating a 13.4% increase, while the highest estimate is $37.00, suggesting a 49.8% increase [2]. - A low standard deviation indicates strong agreement among analysts regarding the stock's price movement [9]. Earnings Estimates and Revisions - Analysts have shown increasing optimism about PNTG's earnings prospects, with a positive trend in earnings estimate revisions [11]. - Over the last 30 days, two estimates have been revised higher, leading to a 3.3% increase in the Zacks Consensus Estimate [12]. - PNTG holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates [13]. Caution on Price Targets - Solely relying on price targets for investment decisions may not be wise, as analysts' ability to set unbiased targets has been questioned [3][10]. - Price targets can often be inflated due to business incentives of firms covering a stock [8].