Wall Street Analysts Believe Simply Good Foods (SMPL) Could Rally 36.41%: Here's is How to Trade

Core Viewpoint - Simply Good Foods (SMPL) shares have increased by 11.3% in the past four weeks, closing at $21.26, with a mean price target of $29 indicating a potential upside of 36.4% [1] Price Targets and Analyst Estimates - The mean estimate consists of 10 short-term price targets with a standard deviation of $6.29, where the lowest estimate is $23.00 (an 8.2% increase) and the highest is $39.00 (an 83.4% increase) [2] - A low standard deviation suggests a high degree of agreement among analysts regarding the stock's price movement [9] Earnings Estimates and Analyst Sentiment - Analysts are optimistic about SMPL's earnings prospects, as indicated by a positive trend in earnings estimate revisions, with four estimates moving higher in the last 30 days and no negative revisions [11][12] - The Zacks Consensus Estimate for the current year has increased by 2.5% [12] - SMPL holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimates [13] Conclusion on Price Targets - While the consensus price target may not be a reliable indicator of the stock's potential gain, the direction implied by these targets appears to be a useful guide for further research [14]