Wall Street Analysts Think Archrock Inc. (AROC) Could Surge 29.6%: Read This Before Placing a Bet

Group 1 - Archrock Inc. (AROC) shares have increased by 3.1% over the past four weeks, closing at $24.02, with a mean price target of $31.13 indicating a potential upside of 29.6% [1] - The average of eight short-term price targets ranges from a low of $30.00 to a high of $33.00, with a standard deviation of $0.99, suggesting a consensus among analysts [2] - Analysts are optimistic about AROC's earnings prospects, as indicated by a positive trend in earnings estimate revisions, which has historically correlated with stock price movements [4][11] Group 2 - Over the last 30 days, two earnings estimates for AROC have been revised upward, leading to a 4.9% increase in the Zacks Consensus Estimate for the current year [12] - AROC 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] - While the consensus price target may not be a reliable indicator of the magnitude of AROC's gains, it does provide a directional guide for potential price movement [14]