How Much Upside is Left in Rezolute (RZLT)? Wall Street Analysts Think 56.58%

Core Viewpoint - Rezolute, Inc. (RZLT) shows potential for significant upside, with a mean price target of $15.22 indicating a 56.6% increase from its current price of $9.72 [1] Price Targets and Analyst Estimates - The mean estimate consists of nine short-term price targets with a standard deviation of $2.44, suggesting variability in analyst predictions [2] - The lowest estimate of $12.00 indicates a 23.5% increase, while the highest estimate of $20.00 suggests a potential surge of 105.8% [2] - A low standard deviation indicates strong agreement among analysts regarding the stock's price direction [9] Earnings Estimates and Analyst Agreement - Analysts show strong agreement in revising earnings estimates higher, which correlates with potential stock price increases [11] - Over the last 30 days, three earnings estimates for RZLT have increased, leading to a 22.9% rise in the Zacks Consensus Estimate [12] - RZLT holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates [13] Caution on Price Targets - While price targets are commonly referenced, they can mislead investors, as empirical research shows they rarely indicate actual stock price movements [7][10] - Analysts may set overly optimistic price targets due to business incentives, which can inflate expectations [8]