Core Viewpoint - Forestar Group (FOR) has shown a 5% increase in stock price over the past four weeks, with a mean price target of $33 indicating a potential upside of 27.6% from the current price of $25.86 [1] Group 1: Price Targets and Analyst Consensus - The mean estimate for FOR includes four short-term price targets with a standard deviation of $5.1, suggesting variability in analyst predictions. The lowest estimate is $26.00 (0.5% increase), while the highest is $38.00 (47% increase) [2] - A low standard deviation among price targets indicates strong agreement among analysts regarding the stock's price movement direction, which can serve as a starting point for further research [9] Group 2: Earnings Estimates and Analyst Optimism - Analysts have shown increasing optimism about FOR's earnings prospects, as evidenced by a positive trend in earnings estimate revisions, which correlates with potential stock price increases [11] - Over the last 30 days, the Zacks Consensus Estimate for the current year has risen by 8.1%, with one estimate moving higher and no negative revisions [12] Group 3: Zacks Rank and Investment Implications - FOR currently holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimates, indicating strong potential for upside in the near term [13] - While the consensus price target may not be entirely reliable, the implied direction of price movement appears to be a useful guide for investors [14]
Wall Street Analysts Think Forestar Group (FOR) Could Surge 27.61%: Read This Before Placing a Bet