Wall Street Analysts See a 45.22% Upside in PetIQ (PETQ): Can the Stock Really Move This High?

Core Viewpoint - PetIQ (PETQ) has shown a significant price increase of 22.7% over the past four weeks, with a mean price target of $29 indicating a potential upside of 45.2% from the current trading price of $19.97 [1] Price Targets and Analyst Estimates - The mean estimate consists of four short-term price targets with a standard deviation of $1.15, where the lowest estimate of $28 suggests a 40.2% increase, and the highest estimate of $30 indicates a 50.2% increase [2] - A low standard deviation among price targets suggests a high degree of agreement among analysts regarding the stock's price movement [8] Earnings Estimates and Analyst Consensus - Analysts have shown increasing optimism about PetIQ's earnings prospects, as indicated by a strong consensus in revising EPS estimates higher, which correlates with potential stock price increases [10] - The Zacks Consensus Estimate for the current year has risen by 15.3% over the past month, with two estimates increasing and no negative revisions [11] - PetIQ holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate factors, indicating strong potential for near-term upside [12]