How Much Upside is Left in Ardmore Shipping (ASC)? Wall Street Analysts Think 25.55%

Core Viewpoint - Ardmore Shipping (ASC) shows potential for upside with a mean price target of $13.17, indicating a 25.6% increase from the current price of $10.49 [1] Price Targets and Analyst Estimates - The mean estimate consists of three short-term price targets with a standard deviation of $0.76, suggesting variability in analyst predictions [2] - The lowest estimate of $12.50 indicates a 19.2% increase, while the highest estimate of $14.00 suggests a 33.5% increase [2] - Analysts' price targets can often mislead investors, as empirical research shows they rarely indicate actual stock price movements [7][10] Earnings Estimates and Analyst Agreement - Strong agreement among analysts regarding ASC's earnings prospects supports the expectation of stock upside [4][11] - The Zacks Consensus Estimate for the current year has increased by 2.6% over the past month, with one estimate rising and no negative revisions [12] - ASC holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates [13] Conclusion on Price Movement - While consensus price targets may not be reliable for predicting the extent of gains, they can provide a directional guide for potential price movements [14]