Does Wheaton Precious Metals (WPM) Have the Potential to Rally 26.65% as Wall Street Analysts Expect?

Core Viewpoint - Wheaton Precious Metals Corp. (WPM) has seen an 8.7% increase in share price over the past four weeks, closing at $102.69, with a potential upside of 26.7% based on Wall Street analysts' mean price target of $130.06 [1] Price Targets - The average of 15 short-term price targets ranges from a low of $114.63 to a high of $160.00, with a standard deviation of $11.7, indicating variability among analysts [2] - The lowest estimate suggests an 11.6% increase from the current price, while the highest estimate indicates a 55.8% upside [2] Analyst Consensus and Earnings Estimates - Analysts show strong agreement in revising earnings estimates higher, which is a positive indicator for potential stock upside [4][11] - The Zacks Consensus Estimate for the current year has increased by 1.8% over the past month, with six estimates going higher and no negative revisions [12] - WPM 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 - While price targets are often sought after, their reliability is questioned, as they can mislead investors more often than guide them [3][7] - Analysts may set overly optimistic price targets due to business incentives, which can inflate expectations [8][9] - A low standard deviation among price targets indicates a high degree of agreement among analysts regarding the stock's price movement direction [9]