Wall Street Analysts See a 178.82% Upside in Tyra Biosciences (TYRA): Can the Stock Really Move This High?

Core Viewpoint - Tyra Biosciences, Inc. (TYRA) shows significant upside potential with a mean price target of $30.14, indicating a 178.8% increase from its current trading price of $10.81 [1] Price Targets - The average price target consists of seven estimates ranging from $28.00 to $33.00, with a standard deviation of $1.86, suggesting a high level of agreement among analysts [2] - The lowest estimate indicates a 159% increase, while the highest suggests a 205.3% upside [2] Analyst Sentiment - Analysts have shown increasing optimism regarding TYRA's earnings prospects, with a consensus indicating better-than-previously estimated earnings [4][11] - Over the last 30 days, the Zacks Consensus Estimate for the current year has risen by 3.7%, with three estimates moving higher and no negative revisions [12] Zacks Rank - TYRA holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, indicating strong potential for upside [13] Price Movement Implications - While the consensus price target may not be a reliable indicator of the extent of TYRA's potential gains, it does provide a useful guide for the direction of price movement [14]