Can Hinge Health Inc. (HNGE) Climb 29.59% to Reach the Level Wall Street Analysts Expect?

Core Viewpoint - Hinge Health Inc. (HNGE) has shown a 0.9% increase in stock price over the past four weeks, closing at $50.05, with analysts suggesting a potential upside of 29.6% based on a mean price target of $64.86 [1][11]. Price Targets - The average of 14 short-term price targets ranges from a low of $56.00 to a high of $72.00, with a standard deviation of $4.66, indicating a relatively high agreement among analysts [2][9]. - The lowest estimate suggests an 11.9% increase from the current price, while the highest estimate indicates a 43.9% upside [2]. Analyst Sentiment - Analysts have shown strong agreement in revising earnings per share (EPS) estimates higher, which correlates with positive stock price movements [4][11]. - The Zacks Consensus Estimate for the current year has increased by 4.6% over the past month, with seven estimates revised upward and no negative revisions [12]. Zacks Rank - HNGE holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, suggesting a strong potential for upside [13]. Conclusion on Price Targets - While the consensus price target may not be a reliable indicator of the exact price movement, it does provide a useful guide for potential price direction [14].