Wall Street Analysts Predict a 42.72% Upside in Vanguard Long-Term Tax-Exempt Bond ETF Shares (ASUR): Here's What You Should Know

Core Viewpoint - Shares of Vanguard Long-Term Tax-Exempt Bond ETF Shares (ASUR) have increased by 9.5% in the last four weeks, closing at $9.34, with a potential upside of 42.7% based on Wall Street analysts' mean price target of $13.33 [1] Price Targets and Estimates - The average price target consists of nine short-term estimates ranging from a low of $11.00 to a high of $15.00, with a standard deviation of $1.41, indicating a potential increase of 17.8% to 60.6% from the current price [2] - A low standard deviation suggests a strong agreement among analysts regarding the price targets, which can be a useful indicator for further research [2][9] Analyst Sentiment and Earnings Estimates - Analysts show strong agreement in revising earnings estimates higher for ASUR, which correlates with potential stock price increases [4][11] - The Zacks Consensus Estimate for the current year has risen by 7.3% over the past month, with two estimates increasing and no negative revisions [12] Zacks Rank and Investment Potential - ASUR holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, indicating a strong potential 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]