Wall Street Analysts Predict a 26.11% Upside in Daktronics (DAKT): Here's What You Should Know

Core Viewpoint - Daktronics (DAKT) shows potential for upside based on Wall Street analysts' short-term price targets, with a mean target of $23.67 indicating a 26.1% upside from the current price of $18.77 [1] Price Targets - The average price target consists of three estimates ranging from a low of $16.00 to a high of $31.00, with a standard deviation of $7.51, indicating variability among analysts [2] - The lowest estimate suggests a decline of 14.8%, while the highest indicates a potential upside of 65.2% [2] Analyst Consensus and Earnings Estimates - Analysts are increasingly optimistic about DAKT's earnings prospects, as indicated by a positive trend in earnings estimate revisions, which historically correlates with stock price movements [4][11] - Over the last 30 days, the Zacks Consensus Estimate for the current year has increased by 4.6%, with one estimate moving higher and no negative revisions [12] Zacks Rank - DAKT holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates, suggesting a strong potential for upside [13] Caution on Price Targets - While price targets are a common metric, relying solely on them for investment decisions may not be prudent due to potential biases and inflated targets set by analysts [3][8][10]