Does Byrna Technologies (BYRN) Have the Potential to Rally 65.23% as Wall Street Analysts Expect?

Group 1 - Byrna Technologies Inc. (BYRN) shares have increased by 22.8% over the past four weeks, closing at $24.59, with a mean price target of $40.63 indicating a potential upside of 65.2% [1] - The mean estimate consists of four short-term price targets with a standard deviation of $3.73, where the lowest estimate of $37.50 suggests a 52.5% increase, and the highest estimate of $46.00 indicates an 87.1% surge [2] - Analysts show a consensus that BYRN will report better earnings than previously estimated, which supports the potential for stock price increases [4][11] Group 2 - The Zacks Consensus Estimate for the current year has risen by 14.5% over the last 30 days, with two estimates moving higher and no negative revisions [12] - BYRN holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate factors, indicating strong potential for upside [13] - While consensus price targets may not be reliable for predicting exact gains, they can provide a directional guide for price movement [14]