Wall Street Analysts Believe Profound Medical (PROF) Could Rally 97.59%: Here's is How to Trade

Core Viewpoint - Shares of Profound Medical (PROF) have increased by 6.3% recently, with a mean price target of $12.31 suggesting a potential upside of 97.6% from the current price of $6.23 [1][2] Price Targets - The average price target for PROF ranges from a low of $11.00 to a high of $15.25, with a standard deviation of $2.01, indicating variability among analysts [2] - The lowest estimate suggests a 76.6% increase, while the highest indicates a 144.8% upside [2] Analyst Consensus and Earnings Estimates - Analysts show strong agreement in revising earnings estimates higher, which correlates with potential stock price increases [4][11] - Over the last 30 days, the Zacks Consensus Estimate for the current year has risen by 7.6%, with two estimates moving higher and no negative revisions [12] Zacks Rank - PROF holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates [13] Conclusion on Price Targets - While the consensus price target may not be a reliable indicator of the extent of potential gains, it does provide a directional guide for price movement [14]