Does Tetra (TTEK) Have the Potential to Rally 26.27% as Wall Street Analysts Expect?

Core Viewpoint - Tetra Tech (TTEK) shows potential for further upside, with a mean price target of $42.4 indicating a 26.3% increase from its current price of $33.58 [1] Price Targets - The average price target consists of five estimates ranging from a low of $38.00 to a high of $48.00, with a standard deviation of $3.65, suggesting a consensus among analysts [2] - The lowest estimate indicates a 13.2% increase, while the highest suggests a 42.9% upside [2] - A low standard deviation indicates greater agreement among analysts regarding price movement [9] Analyst Sentiment - Analysts are optimistic about TTEK's earnings prospects, as evidenced by upward revisions in EPS estimates, which correlate with potential stock price increases [11] - Over the last 30 days, the Zacks Consensus Estimate for the current year has risen by 1.4%, with one estimate increasing and no negative revisions [12] - TTEK 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 often do not accurately predict stock price movements [7][10] - Analysts may set optimistic price targets due to business incentives, which can inflate expectations [8]