Wall Street Analysts See a 36.98% Upside in Electromed (ELMD): Can the Stock Really Move This High?

Group 1 - Electromed, Inc. (ELMD) shares have increased by 11.3% over the past four weeks, closing at $26.77, with a mean price target of $36.67 indicating a potential upside of 37% [1] - The average price targets range from a low of $36.00 to a high of $38.00, with a standard deviation of $1.15, suggesting a strong agreement among analysts [2] - Analysts have shown increasing optimism regarding ELMD's earnings prospects, as indicated by a positive trend in earnings estimate revisions [11] Group 2 - The Zacks Consensus Estimate for the current year has increased by 2.9% over the last 30 days, with two estimates moving higher and no negative revisions [12] - ELMD holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates [13] - While the consensus price target may not be a reliable indicator of potential gains, it does provide a directional guide for price movement [14]