Wall Street Analysts Believe Boston Scientific (BSX) Could Rally 25.34%: Here's is How to Trade

Core Viewpoint - Boston Scientific (BSX) shows potential for upside with a mean price target of $127.55, indicating a 25.3% increase from the current price of $101.76 [1] Price Targets and Estimates - The mean estimate consists of 31 short-term price targets with a standard deviation of $6.38, suggesting a consensus among analysts [2] - The lowest estimate is $113.00, indicating an 11.1% increase, while the highest estimate is $140.00, suggesting a 37.6% increase [2] - Analysts' price targets can be misleading, as they may not accurately reflect the stock's future price movements [7][10] Earnings Estimates - Analysts are optimistic about BSX's earnings prospects, with a strong agreement in revising EPS estimates higher, which correlates with potential stock price increases [11] - In the last 30 days, 11 estimates have been revised upward, leading to a 2% increase in the Zacks Consensus Estimate [12] Zacks Rank - BSX holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates [13] - This rank serves as a more conclusive indicator of the stock's potential upside in the near term [13] Conclusion on Price Movement - While the consensus price target may not be a reliable measure of potential gains, it does provide a directional guide for price movement [14]