Wall Street Analysts Think Amer Sports, Inc. (AS) Could Surge 35.61%: Read This Before Placing a Bet

Core Viewpoint - Amer Sports, Inc. (AS) has seen a 7.2% increase in share price over the past four weeks, closing at $34.06, with analysts suggesting a potential upside to a mean price target of $46.19, indicating a 35.6% increase from the current price [1] Price Targets and Analyst Consensus - The average of 15 short-term price targets ranges from a low of $39.80 to a high of $54.00, with a standard deviation of $4.11, suggesting a potential increase of 16.9% to 58.5% from the current price [2] - A low standard deviation indicates a strong agreement among analysts regarding the price targets, which can be a good starting point for further research [9] Earnings Estimates and Market Sentiment - Analysts show strong agreement in revising earnings per share (EPS) estimates higher, which correlates with potential stock price increases [11] - The Zacks Consensus Estimate for the current year has risen by 8.7% over the past month, with four estimates increasing and no negative revisions [12] - AS holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimates [13] Caution on Price Targets - Solely relying on price targets for investment decisions may not be wise, as empirical research indicates that they often mislead investors [7][10] - Analysts may set overly optimistic price targets due to business incentives, which can inflate expectations [8]