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How Much Upside is Left in Adecoagro (AGRO)? Wall Street Analysts Think 25.16%
Adecoagro S.A.Adecoagro S.A.(US:AGRO) Zacks Investment Researchยท2024-04-17 14:55

Core Viewpoint - Adecoagro (AGRO) shows potential for upside with a mean price target of $13.33, indicating a 25.2% upside from the current price of $10.65 [1] Price Target Analysis - The average price target consists of three estimates ranging from $10.50 to $15, with a standard deviation of $2.47, suggesting variability in analyst opinions [1] - The lowest estimate indicates a potential decline of 1.4%, while the highest suggests a 40.9% upside [1] Analyst Sentiment - Analysts have shown increasing optimism regarding AGRO's earnings prospects, with a positive trend in earnings estimate revisions [5] - The Zacks Consensus Estimate for the current year has increased by 4.7% due to one upward revision and no negative revisions in the last 30 days [5] Zacks Rank - AGRO holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimates [6] - This rank serves as a strong indicator of the stock's potential upside in the near term [6] Caution on Price Targets - While price targets are often sought after, they can mislead investors, and reliance solely on them may not yield favorable returns [2][4] - A low standard deviation among price targets indicates a high degree of agreement among analysts, which can be a starting point for further research [4]