Wall Street Analysts See a 62.07% Upside in Red Robin (RRGB): Can the Stock Really Move This High?

Group 1 - Red Robin (RRGB) shares have increased by 8.6% over the past four weeks, closing at $6.17, with a mean price target of $10 indicating a potential upside of 62.1% [1] - The average price targets range from a low of $6.00 to a high of $12.00, with a standard deviation of $2.71, suggesting variability in analyst estimates [2] - Analysts have shown strong agreement in revising earnings estimates higher, which correlates with potential stock price increases [9][10] Group 2 - The Zacks Consensus Estimate for the current year has risen by 33.5% over the past month, indicating positive earnings momentum [10] - RRGB holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates [11] - While consensus price targets may not be reliable for predicting exact gains, they can provide guidance on the direction of price movement [12]