Wall Street Analysts Believe Priority Technology (PRTH) Could Rally 65.8%: Here's is How to Trade

Core Viewpoint - Shares of Priority Technology (PRTH) have increased by 10.1% over the past four weeks, closing at $7.72, with a potential upside indicated by Wall Street analysts' price targets suggesting a mean estimate of $12.8, representing a 65.8% upside [1] Price Targets - The average price targets from analysts range from a low of $10.00 to a high of $16.00, with a standard deviation of $2.17, indicating variability in estimates [2] - The lowest estimate suggests a 29.5% increase from the current price, while the highest estimate indicates a 107.3% upside [2] Analyst Consensus and Earnings Estimates - Analysts show strong agreement in revising earnings estimates higher, which historically correlates with stock price movements, suggesting a potential upside for PRTH [4][11] - Over the last 30 days, one estimate has increased, leading to a 1.9% rise in the Zacks Consensus Estimate for the current year [12] Zacks Rank - PRTH holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, indicating a strong potential for upside [13] Caution on Price Targets - While the consensus price target is a useful metric, relying solely on it for investment decisions may not be prudent due to historical inaccuracies in analysts' price targets [3][10]