Wall Street Analysts Predict a 33.17% Upside in Carpenter (CRS): Here's What You Should Know

Core Viewpoint - Carpenter Technology (CRS) shows potential for significant upside based on Wall Street analysts' short-term price targets, with a mean target of $322.5 indicating a 33.2% upside from the current price of $242.17 [1] Price Targets and Estimates - The average price target for CRS ranges from a low of $305.00 to a high of $375.00, with a standard deviation of $35, suggesting a variability in estimates [2] - The lowest estimate indicates a potential increase of 25.9%, while the highest suggests a 54.9% upside [2] - Analysts' agreement is reflected in the standard deviation; a smaller standard deviation indicates greater consensus among analysts [2][9] Analyst Sentiment and Earnings Estimates - Analysts have shown strong agreement in revising earnings estimates upward, which is a positive indicator for potential stock price increases [4][11] - Over the last 30 days, two earnings estimates for CRS have been revised higher, leading to a 0.1% increase in the Zacks Consensus Estimate [12] - CRS holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors [13] Caution on Price Targets - While price targets are a common metric, relying solely on them for investment decisions may not be prudent due to historical inaccuracies [3][7][10] - Analysts may set overly optimistic price targets influenced by business relationships, which can lead to inflated expectations [8]