Wall Street Analysts Predict a 27.24% Upside in Alliance Entertainment Holding Corporation (AENT): Here's What You Should Know

Group 1 - Alliance Entertainment Holding Corporation (AENT) shares have increased by 14.1% over the past four weeks, closing at $7.6, with a mean price target of $9.67 indicating a potential upside of 27.2% [1] - The average price targets range from a low of $8.00 to a high of $11.00, with a standard deviation of $1.53, suggesting a potential increase of 5.3% to 44.7% from the current price level [2] - Analysts show strong agreement in revising earnings estimates higher, which historically correlates with positive stock price movements [11][12] Group 2 - AENT has a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates, indicating strong potential for upside [13] - The Zacks Consensus Estimate for the current year has increased by 3.6% over the last 30 days, with no negative revisions, further supporting the positive outlook for the stock [12] - While price targets may not be entirely reliable, the direction they imply appears to be a good guide for potential price movement [14]