Does Photronics (PLAB) Have the Potential to Rally 27.98% as Wall Street Analysts Expect?

Group 1 - Photronics (PLAB) shares have increased by 11.1% over the past four weeks, closing at $24.73, with a mean price target of $31.65 indicating a potential upside of 28% [1] - The mean estimate includes three short-term price targets with a standard deviation of $1.51, where the lowest estimate suggests a 21.3% increase and the highest indicates a 33.2% surge [2] - Analysts show a strong consensus that PLAB will report better earnings than previously estimated, which is a positive indicator for potential stock upside [4][11] Group 2 - The Zacks Consensus Estimate for PLAB has increased by 7.7% due to one upward revision in earnings estimates over the last 30 days, with no negative revisions [12] - PLAB holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, suggesting a strong potential for upside [13] - While consensus price targets may not be reliable for predicting the extent of gains, they can provide a directional guide for price movement [14]