Wall Street Analysts Think Great Lakes Dredge & Dock (GLDD) Could Surge 27.23%: Read This Before Placing a Bet

Core Viewpoint - Great Lakes Dredge & Dock (GLDD) shares have increased by 3.5% recently, with analysts suggesting a potential upside of 27.2% based on a mean price target of $15 [1][11]. Price Targets - The average price target for GLDD ranges from a low of $14.00 to a high of $17.00, with a standard deviation of $1.41, indicating a relatively tight clustering of estimates [2][9]. - The lowest estimate suggests an 18.7% increase from the current price, while the highest estimate indicates a 44.2% upside [2]. Analyst Sentiment - Analysts show strong agreement regarding GLDD's ability to report better earnings than previously predicted, which supports the expectation of a stock price increase [4][11]. - The Zacks Consensus Estimate for the current year has increased by 2.5% due to one upward revision in earnings estimates over the last 30 days [12][13]. Investment Considerations - While price targets are a common metric, they should not be the sole basis for investment decisions due to potential biases and inflated estimates from analysts [3][10]. - A low standard deviation among price targets suggests a high degree of agreement among analysts, which can be a useful starting point for further research [9].