Wall Street Analysts Believe Helios Technologies (HLIO) Could Rally 27.98%: Here's is How to Trade

Core Viewpoint - Helios Technologies (HLIO) shares have increased by 11.3% in the past four weeks, closing at $51.18, with a potential upside indicated by Wall Street analysts' price targets suggesting a mean estimate of $65.50, representing a 28% upside [1] Price Targets and Estimates - The mean estimate consists of four short-term price targets with a standard deviation of $9.57, where the lowest estimate of $58 indicates a 13.3% increase, and the highest estimate of $78 suggests a 52.4% increase [2] - A low standard deviation among price targets indicates a high degree of agreement among analysts regarding the stock's price movement [8] Earnings Estimates - Analysts show strong agreement in revising earnings per share (EPS) estimates higher, which correlates with potential stock price increases [10] - The Zacks Consensus Estimate for the current year has risen by 4.5% over the past month, with one estimate increasing and no negative revisions [11] Analyst Behavior and Market Dynamics - Analysts often set overly optimistic price targets due to business incentives, which can lead to inflated estimates [7] - While price targets are a common metric, relying solely on them for investment decisions may not yield favorable returns [9]