Wall Street Analysts See a 39.25% Upside in Altus Power, Inc. (AMPS): Can the Stock Really Move This High?

Core Viewpoint - Altus Power, Inc. (AMPS) has seen a 5.6% increase in share price over the past four weeks, closing at $6.42, with analysts projecting a mean price target of $8.94, indicating a potential upside of 39.3% [1] Price Targets - The average price target for AMPS is based on eight short-term estimates, ranging from a low of $7 to a high of $10, with a standard deviation of $1.08, suggesting a moderate agreement among analysts [1] - The lowest estimate indicates a 9% increase from the current price, while the highest suggests a 55.8% upside [1] Analyst Sentiment - Analysts show strong agreement regarding AMPS's ability to report better earnings than previously predicted, which supports the potential for stock upside [2] - A positive trend in earnings estimate revisions has been correlated with near-term stock price movements, reinforcing the optimistic outlook for AMPS [5] Earnings Estimates - Over the last 30 days, the Zacks Consensus Estimate for AMPS's current year earnings has increased by 125%, with no negative revisions reported [5] - AMPS holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, indicating strong potential for upside [5] Price Target Reliability - While consensus price targets are often sought after, they can mislead investors; thus, they should not be the sole basis for investment decisions [2][4] - A tight clustering of price targets, indicated by a low standard deviation, suggests a high degree of agreement among analysts about the stock's price movement direction [4]