Wall Street Analysts Believe Omnicell (OMCL) Could Rally 34.18%: Here's is How to Trade

Group 1 - Omnicell (OMCL) closed at $33.09, with a 14.1% gain over the past four weeks, and a mean price target of $44.4 indicating a 34.2% upside potential [1] - The average price targets range from a low of $34.00 to a high of $55.00, with a standard deviation of $9.13, suggesting variability in analyst estimates [2] - Analysts show strong agreement in revising earnings estimates higher, which correlates with potential stock price increases [4][11] Group 2 - The Zacks Consensus Estimate for the current year has increased by 33.6% over the past month, with three estimates going higher and no negative revisions [12] - OMCL holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates [13] - While consensus price targets may not be reliable for predicting exact gains, they can indicate the direction of price movement [14]