Wall Street Analysts See a 25.38% Upside in First Watch Restaurant Group (FWRG): Can the Stock Really Move This High?

Group 1 - First Watch Restaurant Group, Inc. (FWRG) shares have increased by 13.1% over the past four weeks, closing at $17.69, with a mean price target of $22.18 indicating a potential upside of 25.4% [1] - The average of 11 short-term price targets ranges from a low of $17.00 to a high of $25.00, with a standard deviation of $2.18, suggesting variability in analyst estimates [2] - Analysts show a consensus that FWRG will report better earnings than previously estimated, which is a positive indicator for potential stock upside [4][11] Group 2 - The Zacks Consensus Estimate for FWRG's current year earnings has increased by 18% over the last 30 days, with no negative revisions [12] - FWRG holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates [13] - While consensus price targets may not be reliable for predicting exact gains, they can provide a directional guide for price movement [14]