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Wall Street Analysts Think Quanex (NX) Could Surge 95.46%: Read This Before Placing a Bet
ZACKS· 2025-06-27 14:55
Group 1 - Quanex Building Products (NX) closed at $18.93, with a 9.3% gain over the past four weeks, and a mean price target of $37 indicates a potential upside of 95.5% [1] - The mean estimate includes three short-term price targets with a standard deviation of $5.57, where the lowest estimate of $31.00 suggests a 63.8% increase, and the highest estimate of $42.00 indicates a 121.9% surge [2] - Analysts show strong agreement on NX's ability to report better earnings than previously predicted, which supports the view of potential upside [4][11] Group 2 - The Zacks Consensus Estimate for NX's current year earnings has increased by 1.8% over the last 30 days, with one estimate moving higher and no negative revisions [12] - NX holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimates [13] - While the consensus price target may not be a reliable indicator of potential gains, it does provide a directional guide for price movement [14]
How Much Upside is Left in FB Financial (FBK)? Wall Street Analysts Think 25.06%
ZACKS· 2025-06-24 14:56
Core Viewpoint - FB Financial (FBK) shares have shown a 1.9% increase over the past four weeks, closing at $44.46, with a potential upside of 25.1% based on Wall Street analysts' price targets [1][11]. Price Targets - The average price target for FBK is $55.6, with estimates ranging from a low of $51.00 to a high of $59.00, indicating a standard deviation of $3.78 [2]. - The lowest estimate suggests a 14.7% increase, while the highest points to a 32.7% upside [2]. Analyst Consensus and Earnings Estimates - Analysts have shown strong agreement in revising earnings estimates higher, which is a positive indicator for potential stock upside [4][11]. - The Zacks Consensus Estimate for the current year has increased by 0.8% over the past month, with one estimate rising and no negative revisions [12]. Zacks Rank - FBK holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, suggesting a strong potential for upside [13]. Price Target Reliability - While consensus price targets are often used by investors, they should be approached with skepticism due to historical inaccuracies in predicting actual stock price movements [3][10]. - A low standard deviation among price targets indicates a high degree of agreement among analysts regarding the stock's price direction, serving as a starting point for further research [9].
Wall Street Analysts Believe Semtech (SMTC) Could Rally 40.02%: Here's is How to Trade
ZACKS· 2025-06-18 14:55
Group 1 - Semtech (SMTC) shares have increased by 2.2% over the past four weeks, closing at $40.23, with a mean price target of $56.33 indicating a potential upside of 40% [1] - The average of 12 short-term price targets ranges from a low of $43.00 to a high of $68.00, with a standard deviation of $8.32, suggesting a variability in analyst estimates [2] - Analysts show strong agreement on SMTC's ability to report better earnings than previously predicted, which supports the potential for stock upside [4][11] Group 2 - The Zacks Consensus Estimate for SMTC's current year earnings has increased by 20.4% over the past month, with four estimates rising and three falling [12] - SMTC holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates [13] - While consensus price targets may not be reliable for predicting the extent of gains, they can provide a directional guide for price movement [14]
Does Manchester United (MANU) Have the Potential to Rally 29.16% as Wall Street Analysts Expect?
ZACKS· 2025-06-11 15:00
Group 1 - Manchester United (MANU) closed at $17.01, with an 18% gain over the past four weeks, and a mean price target of $21.97 suggests a 29.2% upside potential [1] - The mean estimate includes three short-term price targets with a standard deviation of $4.64, indicating variability among analysts; the lowest estimate is $16.90 (0.7% decline), while the highest is $26 (52.9% increase) [2] - Analysts show strong agreement in revising earnings estimates higher, with a 48.7% increase in the Zacks Consensus Estimate for the current year, indicating potential upside for the stock [12][11] Group 2 - The Zacks Rank for MANU is 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimates, suggesting a strong potential for near-term upside [13] - While price targets are often viewed as a metric for investment decisions, they can mislead investors; analysts may set overly optimistic targets due to business incentives [7][8] - A low standard deviation in price targets indicates a high degree of agreement among analysts regarding the stock's price movement, which can serve as a starting point for further research [9]
Wall Street Analysts See a 38.85% Upside in EverQuote (EVER): Can the Stock Really Move This High?
ZACKS· 2025-06-06 14:56
Core Viewpoint - EverQuote (EVER) shares have increased by 6.4% in the past four weeks, closing at $24.61, with a potential upside indicated by Wall Street analysts' price targets suggesting a mean estimate of $34.17, representing a 38.9% increase [1] Price Targets and Analyst Estimates - The mean estimate consists of six short-term price targets with a standard deviation of $2.79, where the lowest estimate of $30 indicates a 21.9% increase, and the highest estimate suggests a 54.4% surge to $38 [2] - A low standard deviation among price targets indicates a high degree of agreement among analysts regarding the stock's price movement direction [9] Earnings Estimates and Market Sentiment - Analysts show increasing optimism about EverQuote's earnings prospects, as evidenced by a strong consensus in revising EPS estimates higher, which correlates with potential stock price increases [11] - The Zacks Consensus Estimate for the current year has risen by 2.3% over the past month, with one estimate increasing and no negative revisions [12] - EverQuote holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimates, indicating strong potential for near-term upside [13]
Wall Street Analysts See a 367.86% Upside in Verve Therapeutics (VERV): Can the Stock Really Move This High?
ZACKS· 2025-06-05 15:02
Core Viewpoint - Verve Therapeutics (VERV) has shown a significant price increase of 25.4% over the past four weeks, with a mean price target of $24.75 indicating a potential upside of 367.9% from its current price of $5.29 [1] Price Targets and Analyst Consensus - The average price target for VERV includes estimates ranging from a low of $15 to a high of $39, with a standard deviation of $7.81, indicating variability among analysts [2] - The lowest estimate suggests an increase of 183.6%, while the most optimistic estimate points to a 637.2% upside [2] - A low standard deviation indicates a high degree of agreement among analysts regarding the stock's price movement direction [9] Earnings Estimates and Analyst Optimism - Analysts have shown increasing optimism about VERV's earnings prospects, as evidenced by a strong agreement in revising EPS estimates higher [11] - Over the last 30 days, five estimates have moved higher with no negative revisions, leading to a 9.6% increase in the Zacks Consensus Estimate [12] - VERV holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates [13]
Does HNI (HNI) Have the Potential to Rally 47.06% as Wall Street Analysts Expect?
ZACKS· 2025-06-04 15:01
Group 1 - HNI shares have increased by 8.8% over the past four weeks, closing at $47.26, with a mean price target of $69.50 indicating a potential upside of 47.1% [1] - The average price targets range from a low of $63 to a high of $80, with a standard deviation of $7.59, suggesting a consensus among analysts [2] - Analysts have shown increasing optimism regarding HNI's earnings prospects, with a 7.2% increase in the Zacks Consensus Estimate for the current year [11][12] Group 2 - HNI holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates [13] - The positive trend in earnings estimate revisions is correlated with potential stock price movements, indicating a legitimate reason for expecting an upside [11] - Analysts' price targets, while often overly optimistic, can provide a starting point for further research into the stock's potential [9][10]
Wall Street Analysts Think Arcturus Therapeutics (ARCT) Could Surge 371.35%: Read This Before Placing a Bet
ZACKS· 2025-06-03 14:56
Core Viewpoint - Arcturus Therapeutics (ARCT) has seen a 7.5% increase in share price over the past four weeks, closing at $12.81, with analysts suggesting a potential upside of 371.4% based on a mean price target of $60.38 [1][12]. Price Targets and Analyst Estimates - The mean price target is derived from eight short-term estimates, with a standard deviation of $33.97, indicating variability among analysts [2]. - The lowest price target of $32 suggests a 149.8% increase, while the highest target of $140 indicates a potential surge of 992.9% [2]. - A low standard deviation among price targets suggests a strong consensus among analysts regarding the stock's price direction [9]. Earnings Estimates and Analyst Agreement - Analysts show strong agreement in revising earnings estimates upward, which is a positive indicator for potential stock upside [4][11]. - The Zacks Consensus Estimate for the current year has increased by 42.1% over the past month, with four estimates rising and no negative revisions [12]. - ARCT holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors [13]. Caution on Price Targets - While price targets are a common metric for investors, relying solely on them can be misleading, as they often do not accurately predict stock price movements [3][7][10]. - Analysts may set overly optimistic price targets due to business incentives, which can inflate expectations [8].
Does Semtech (SMTC) Have the Potential to Rally 50.9% as Wall Street Analysts Expect?
ZACKS· 2025-06-02 15:01
Group 1 - Semtech (SMTC) shares have increased by 9.4% over the past four weeks, closing at $37.33, with a mean price target of $56.33 indicating a potential upside of 50.9% [1] - The average of 12 short-term price targets ranges from a low of $43 to a high of $68, with a standard deviation of $8.32, suggesting a potential increase of 15.2% to 82.2% from the current price [2] - Analysts show strong agreement in revising earnings estimates higher, with a 20.4% increase in the Zacks Consensus Estimate for the current year, indicating positive sentiment towards SMTC's earnings prospects [11][12] Group 2 - The Zacks Rank for SMTC is 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates, which supports the stock's potential upside [13] - While price targets are a common metric, they should be approached with skepticism as they can often mislead investors, and analysts may set overly optimistic targets due to business incentives [3][7][10] - A low standard deviation in price targets indicates a high degree of agreement among analysts regarding the stock's price movement, which can serve as a starting point for further research [9]
Wall Street Analysts See a 90% Upside in Backblaze (BLZE): Can the Stock Really Move This High?
ZACKS· 2025-06-02 15:01
Core Viewpoint - Backblaze, Inc. (BLZE) shows significant potential for upside, with a mean price target of $10.83 indicating a 90% upside from the current price of $5.70 [1] Price Targets - The average price target consists of six estimates ranging from a low of $8 to a high of $14, with a standard deviation of $1.94, suggesting a variability in analyst estimates [2] - The lowest estimate indicates a potential increase of 40.4%, while the highest suggests a 145.6% upside [2] Analyst Sentiment - Analysts exhibit strong agreement regarding BLZE's ability to report better earnings than previously predicted, which supports the view of potential upside [4] - Over the last 30 days, the Zacks Consensus Estimate for the current year has increased by 4%, with four estimates moving higher and no negative revisions [12] Zacks Rank - BLZE holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates [13] - This rank, along with a strong externally-audited track record, serves as a conclusive indicator of the stock's potential upside in the near term [13] Caution on Price Targets - While price targets are a common metric for investors, relying solely on them may not be wise due to the questionable ability and unbiasedness of analysts in setting these targets [3][7] - Analysts often set overly optimistic price targets influenced by business relationships, which can lead to inflated estimates [8]