Does Biohaven Ltd. (BHVN) Have the Potential to Rally 82.16% as Wall Street Analysts Expect?

Core Viewpoint - Biohaven Ltd. (BHVN) shows significant upside potential with a mean price target of $21.13, indicating an 82.2% increase from its current price of $11.6 [1] Price Targets - The average of 15 short-term price targets ranges from a low of $9.00 to a high of $50.00, with a standard deviation of $11.83, suggesting variability in analyst estimates [2] - The lowest estimate indicates a potential decline of 22.4%, while the highest suggests a 331% upside [2] Analyst Consensus and Earnings Estimates - Analysts are increasingly optimistic about BHVN's earnings, with a positive trend in earnings estimate revisions, which historically correlates with stock price movements [4][11] - The Zacks Consensus Estimate for the current year has risen by 3.3% over the past month, with one estimate increasing and no negative revisions [12] Zacks Rank - BHVN holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates, indicating strong potential for upside [13] Price Movement Guidance - While consensus price targets may not be entirely reliable, the direction they imply appears to be a useful guide for potential price movement [14]