Wall Street Analysts Think Private Bancorp of America (PBAM) Could Surge 29.49%: Read This Before Placing a Bet

Core Viewpoint - Private Bancorp of America, Inc. (PBAM) shows potential for significant upside, with a mean price target of $74.33 indicating a 29.5% increase from its current price of $57.4 [1] Price Targets - The mean estimate consists of three short-term price targets with a standard deviation of $4.04, suggesting variability among analysts; the lowest estimate is $70.00 (22% increase), while the highest is $78.00 (35.9% increase) [2] - A low standard deviation indicates a high degree of agreement among analysts regarding the stock's price movement, which can serve as a starting point for further research [7] Earnings Estimates - Analysts are optimistic about PBAM's earnings prospects, as indicated by a positive trend in earnings estimate revisions, which historically correlate with stock price movements [9] - The Zacks Consensus Estimate for the current year has increased by 0.1% over the past month, with one estimate rising and no negative revisions [10] Zacks Rank - PBAM 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 in the near term [11] Conclusion on Price Targets - While the consensus price target may not be a reliable indicator of the extent of PBAM's potential gains, it does provide a useful guide for the direction of price movement [12]