Core Viewpoint - Tamboran Resources Corporation (TBN) has shown a significant price increase of 38.6% over the past four weeks, with a mean price target of $39.17 indicating a potential upside of 29.8% from the current trading price of $30.17 [1] Price Targets and Analyst Consensus - The average price target for TBN ranges from a low of $30.00 to a high of $53.00, with a standard deviation of $8.28, suggesting variability in analyst estimates [2] - The lowest estimate indicates a slight decline of 0.6%, while the highest estimate suggests a substantial upside of 75.7% [2] - A low standard deviation indicates a strong agreement among analysts regarding the stock's price movement direction, which can serve as a starting point for further research [9] Earnings Estimates and Analyst Optimism - Analysts have shown increasing optimism about TBN's earnings prospects, as evidenced by a strong consensus in revising EPS estimates higher, which correlates with potential stock price increases [11] - Over the past 30 days, one estimate has increased, leading to a 27.6% rise in the Zacks Consensus Estimate for the current year [12] Zacks Rank and Investment Potential - TBN 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 entirely reliable, the implied direction of price movement appears to be a useful guide for investors [14]
Wall Street Analysts Believe Tamboran Resources Corporation (TBN) Could Rally 29.83%: Here's is How to Trade