Wall Street Analysts Believe PRA Group (PRAA) Could Rally 53.69%: Here's is How to Trade

Group 1 - PRA Group (PRAA) shares have increased by 10.1% over the past four weeks, closing at $14.75, with a mean price target of $22.67 indicating a potential upside of 53.7% [1] - The mean estimate includes three short-term price targets with a standard deviation of $4.16, where the lowest estimate of $18.00 suggests a 22% increase, and the highest estimate of $26.00 indicates a 76.3% surge [2] - Analysts show strong agreement on PRAA's ability to report better earnings, with a positive trend in earnings estimate revisions correlating with potential stock price increases [4][11] Group 2 - Over the last 30 days, the Zacks Consensus Estimate for PRAA's current year earnings has risen by 10.3%, with two estimates moving higher and no negative revisions [12] - PRAA holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimates, indicating strong potential for upside [13] - While consensus price targets may not be entirely reliable, the direction they imply appears to be a good guide for potential price movement [14]