Group 1 - The stock of Loar Holdings Inc. (LOAR) closed at $71.37, reflecting a 4.2% gain over the past four weeks, with a mean price target of $92.5 indicating a potential upside of 29.6% [1] - Analysts have set short-term price targets for LOAR ranging from a low of $90.00 to a high of $97.00, with a standard deviation of $3.11, suggesting a consensus on the stock's upward potential [2] - The positive trend in earnings estimate revisions among analysts strengthens the view of potential upside for LOAR, as empirical research shows a correlation between earnings revisions and stock price movements [4][11] Group 2 - The Zacks Consensus Estimate for LOAR has increased by 17.6% due to one upward revision in earnings estimates over the last 30 days, with no negative revisions [12] - LOAR holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, indicating strong potential for upside [13] - While the consensus price target may not be a reliable indicator of the extent of LOAR's gains, it does provide a directional guide for potential price movement [14]
How Much Upside is Left in Loar Holdings Inc. (LOAR)? Wall Street Analysts Think 29.61%