Wall Street Analysts Think Verastem (VSTM) Could Surge 68.11%: Read This Before Placing a Bet

Core Viewpoint - Verastem (VSTM) shows potential for significant upside, with a mean price target of $15.5 indicating a 68.1% increase from the current price of $9.22 [1] Price Targets and Analyst Estimates - The mean estimate consists of eight short-term price targets with a standard deviation of $2.62, suggesting variability in analyst predictions [2] - The lowest estimate of $13.00 indicates a 41% increase, while the highest estimate of $20.00 suggests a potential surge of 116.9% [2] - Analysts' price targets should be approached with caution, as they may not reliably indicate future stock prices [3][7][10] Earnings Estimates and Analyst Agreement - Analysts are optimistic about VSTM's earnings, with a positive trend in earnings estimate revisions indicating potential stock upside [4][11] - The Zacks Consensus Estimate for the current year has increased by 2.4% over the past month, reflecting a positive revision trend [12] - VSTM holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates [13] Conclusion on Price Movement - While consensus price targets may not be entirely reliable, the direction they imply appears to be a useful guide for potential price movement [14]