How Much Upside is Left in Monro (MNRO)? Wall Street Analysts Think 27.7%

Group 1 - Monro Muffler Brake (MNRO) closed at $20.07, with a 6.4% gain over the past four weeks, and a mean price target of $25.63 suggests a 27.7% upside potential [1] - The mean estimate includes four short-term price targets with a standard deviation of $10.08, indicating variability among analysts; the lowest estimate is $17.50 (12.8% decline), while the highest is $40.00 (99.3% increase) [2] - Analysts show strong agreement in revising earnings estimates higher, which correlates with potential stock price increases, as indicated by a 1.8% increase in the Zacks Consensus Estimate for the current year [4][12] Group 2 - MNRO 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 upside [13] - While price targets are often viewed skeptically due to potential biases from analysts, the direction indicated by these targets may still serve as a useful guide for investors [10][14] - A low standard deviation in price targets suggests a high degree of agreement among analysts regarding the stock's price movement, which can be a starting point for further research [9]