Wall Street Analysts Predict a 30.24% Upside in Orion Marine (ORN): Here's What You Should Know

Core Viewpoint - Orion Marine Group (ORN) shows potential for upside with a mean price target of $11.63, indicating a 30.2% increase from the current price of $8.93 [1] Price Targets and Estimates - The mean estimate consists of four short-term price targets with a standard deviation of $1.25, suggesting variability among analysts [2] - The lowest estimate is $10.00, indicating a 12% increase, while the highest estimate is $13.00, suggesting a 45.6% increase [2] - Analysts' price targets can be misleading, as they often do not accurately reflect the stock's future price movements [7][10] Analyst Sentiment and Earnings Estimates - There is strong agreement among analysts regarding ORN's ability to report better earnings, which supports the potential for stock upside [4][11] - The Zacks Consensus Estimate for the current year has increased by 350% over the past month, with no negative revisions [12] - ORN 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 Movement - While consensus price targets may not be reliable for predicting the extent of gains, they can indicate the direction of price movement, which appears to be positive for ORN [14]