Wall Street Analysts Predict a 35.5% Upside in SkyWest (SKYW): Here's What You Should Know

Core Viewpoint - SkyWest (SKYW) shows potential for significant upside, with a mean price target of $133.6 indicating a 35.5% increase from the current price of $98.6 [1] Price Targets - The average price target consists of five estimates ranging from a low of $126.00 to a high of $150.00, with a standard deviation of $9.42, suggesting a consensus among analysts [2] - The lowest estimate indicates a 27.8% increase, while the highest suggests a 52.1% upside [2] Analyst Sentiment - Analysts have shown increasing optimism regarding SkyWest's earnings prospects, as evidenced by a strong agreement in revising EPS estimates higher [11] - Over the last 30 days, three estimates have been revised upward, leading to a 3.9% increase in the Zacks Consensus Estimate [12] Zacks Rank - SkyWest currently holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors [13] Conclusion on Price Movement - While the consensus price target may not be a reliable indicator of the extent of potential gains, it does provide a useful guide for the direction of price movement [14]