Wall Street Analysts Believe AtriCure (ATRC) Could Rally 36.3%: Here's is How to Trade

Core Viewpoint - AtriCure (ATRC) shares have increased by 3.5% recently, with analysts suggesting a potential upside of 36.3% based on a mean price target of $51.44 [1] Price Targets - The average price target consists of nine estimates ranging from a low of $40.00 to a high of $64.00, with a standard deviation of $8.26, indicating variability among analysts [2] - The lowest estimate suggests a 6% increase from the current price, while the highest indicates a 69.6% upside [2] Analyst Sentiment - Analysts show strong agreement regarding ATRC's ability to exceed previous earnings predictions, which supports the expectation of a stock price increase [4][11] - Over the past 30 days, the Zacks Consensus Estimate for ATRC's current year earnings has risen by 32.9%, with two estimates moving higher and no negative revisions [12] Zacks Rank - ATRC holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, indicating strong potential for upside [13] Conclusion on Price Targets - While the consensus price target may not be a reliable predictor of ATRC's price movement, the direction indicated by these targets appears to be a useful guide for potential stock performance [14]