Wall Street Analysts Think VAREX IMAGING (VREX) Could Surge 29.92%: Read This Before Placing a Bet

Core Viewpoint - VAREX IMAGING (VREX) shares have increased by 3.2% recently, with analysts suggesting a potential upside of 29.9% based on a mean price target of $15.33 [1][11]. Price Targets and Analyst Estimates - The mean price target consists of three short-term estimates with a standard deviation of $3.06, indicating variability among analysts [2]. - The lowest estimate is $12.00, suggesting a 1.7% increase, while the highest estimate is $18.00, indicating a potential surge of 52.5% [2]. - Analysts' price targets can be misleading, as they may not accurately reflect the stock's future price movements [7][10]. Earnings Estimates and Analyst Agreement - Strong agreement among analysts regarding VREX's earnings prospects supports the expectation of an upside, as indicated by positive revisions in earnings estimates [4][11]. - The Zacks Consensus Estimate for the current year has risen by 1% over the past month, with one estimate increasing and no negative revisions [12]. - VREX holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors [13]. Conclusion on Price Movement - While the consensus price target may not be a reliable indicator of the extent of VREX's potential gains, it does provide a useful guide for the direction of price movement [14].