Does ScanSource (SCSC) Have the Potential to Rally 26.58% as Wall Street Analysts Expect?

Core Viewpoint - ScanSource (SCSC) shows potential for significant upside, with a mean price target of $53 indicating a 26.6% increase from the current price of $41.87 [1] Price Targets - The average price target consists of three estimates ranging from a low of $43.00 to a high of $66.00, with a standard deviation of $11.79, indicating variability among analysts [2] - The lowest estimate suggests a 2.7% increase, while the highest indicates a 57.6% upside [2] Analyst Sentiment - Analysts exhibit strong agreement regarding SCSC's ability to report better earnings than previously predicted, which supports the expectation of stock upside [4] - The Zacks Consensus Estimate for the current year has risen by 3.9% over the past month, with two estimates increasing and no negative revisions [12] Zacks Rank - SCSC 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 near-term upside [13] Price Movement Insights - While consensus price targets may not be entirely reliable, the direction they imply can serve as a useful guide for potential price movements [14]