Wall Street Analysts Believe NetScout (NTCT) Could Rally 33.03%: Here's is How to Trade

Core Viewpoint - NetScout Systems (NTCT) has seen a 1.5% increase in share price over the past four weeks, closing at $27.31, with analysts suggesting a potential upside of 33% based on a mean price target of $36.33 [1] Price Targets and Analyst Estimates - The mean price target consists of three short-term estimates with a standard deviation of $6.11, indicating variability among analysts; the lowest estimate is $31.00 (13.5% increase), while the highest is $43.00 (57.5% increase) [2] - A low standard deviation suggests a strong agreement among analysts regarding the stock's price movement, which can serve as a starting point for further research [9] Earnings Estimates and Analyst Sentiment - Analysts show strong agreement in revising earnings per share (EPS) estimates higher, which correlates with potential stock price increases; the Zacks Consensus Estimate for the current year has risen by 3% over the last 30 days [11][12] - NTCT holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, indicating a solid potential upside [13] Caution on Price Targets - While price targets are often sought after, they can mislead investors; empirical research indicates that they rarely predict actual stock price movements accurately [7][10] - Analysts may set overly optimistic price targets due to business incentives, which can inflate expectations [8]