Does Methanex (MEOH) Have the Potential to Rally 32.08% as Wall Street Analysts Expect?

Group 1 - Methanex (MEOH) closed at $35.51, with a 7.3% gain over the past four weeks, and a mean price target of $46.9 indicating a 32.1% upside potential [1] - The average of 10 short-term price targets ranges from $33.00 to $65.00, with a standard deviation of $7.95, suggesting variability in analyst estimates [2] - Analysts show strong agreement on MEOH's ability to report better earnings, with a positive trend in earnings estimate revisions correlating with potential stock upside [4][11] Group 2 - The Zacks Consensus Estimate for the current year has increased by 11.8% over the past month, indicating positive sentiment among analysts [12] - MEOH 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 provide a directional guide for price movement [14]