Does Thryv (THRY) Have the Potential to Rally 55.07% as Wall Street Analysts Expect?

Core Viewpoint - Thryv Holdings, Inc. (THRY) has seen a 16% increase in share price over the past four weeks, closing at $13.8, with analysts suggesting a potential upside of 55.1% based on a mean price target of $21.4 [1] Price Targets and Analyst Consensus - The average price target for THRY is based on five short-term estimates, ranging from a low of $16.00 to a high of $26.00, with a standard deviation of $4.1, indicating variability among analysts [2] - The lowest estimate suggests a 15.9% increase from the current price, while the highest estimate indicates an 88.4% upside [2] - Analysts' price targets can often mislead investors, as empirical research shows that they rarely indicate the actual price direction of a stock [7][10] Earnings Estimates and Analyst Agreement - There is strong agreement among analysts regarding THRY's ability to report better earnings than previously predicted, which supports the potential for stock upside [4][11] - Over the last 30 days, one earnings estimate has increased, leading to a 27% rise in the Zacks Consensus Estimate for the current year [12] - THRY 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 near-term upside [13] Conclusion on Price Movement - While the consensus price target may not be a reliable indicator of the extent of THRY's potential gains, the implied direction of price movement appears to be a useful guide for investors [14]