Does SkyWest (SKYW) Have the Potential to Rally 34.49% as Wall Street Analysts Expect?

Core Viewpoint - SkyWest (SKYW) shares have shown a modest increase of 0.7% over the past month, closing at $99.34, with analysts suggesting a potential upside of 34.5% based on a mean price target of $133.6 [1] Price Targets - The average price target from analysts ranges from a low of $126.00 to a high of $150.00, with a standard deviation of $9.42, indicating a potential increase of 26.8% to 51% from the current price [2] - A low standard deviation suggests a strong agreement among analysts regarding the price targets, which can be a useful indicator for further research [2][9] Analyst Sentiment - Analysts have shown increasing optimism regarding SkyWest's earnings prospects, with a consensus indicating better-than-expected earnings revisions [4][11] - The Zacks Consensus Estimate for the current year has risen by 3.9% over the past month, with three estimates increasing and no negative revisions [12] Zacks Rank - SkyWest holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates, which supports the stock's potential upside [13] Conclusion on Price Targets - While the consensus price target may not be a definitive indicator of the stock's potential gain, it does provide a directional guide for price movement [14]