Wall Street Analysts See a 230.56% Upside in Assertio (ASRT): Can the Stock Really Move This High?

Group 1 - Assertio (ASRT) shares have increased by 28.9% over the past four weeks, closing at $11.78, with a mean price target of $38.94 indicating a potential upside of 230.6% [1] - The average price targets range from a low of $24.74 to a high of $45.00, with a standard deviation of $9.04, suggesting a significant potential increase from the current price level [2] - Analysts show strong agreement on ASRT's ability to report better earnings, with a positive trend in earnings estimate revisions correlating with potential stock price increases [4][11] Group 2 - The Zacks Consensus Estimate for ASRT's current year earnings has increased by 6.6% over the last 30 days, indicating positive sentiment among analysts [12] - ASRT holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimates, suggesting strong potential for upside [13] - While consensus price targets may not be entirely reliable, the direction they imply appears to be a good guide for potential price movement [14]