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How Much Upside is Left in Allient (ALNT)? Wall Street Analysts Think 25.99%
ALNTAllient (ALNT) ZACKS·2024-11-13 16:00

Core Viewpoint - Allient (ALNT) shares have increased by 24.4% in the past four weeks, closing at 23.28,withapotentialupsideof2623.28, with a potential upside of 26% based on Wall Street analysts' mean price target of 29.33 [1] Price Targets and Analyst Estimates - The mean price target consists of three short-term estimates with a standard deviation of 1.15,indicatingarangewherethelowestestimateof1.15, indicating a range where the lowest estimate of 28 suggests a 20.3% increase, while the highest estimate of $30 indicates a 28.9% increase [2] - A low standard deviation among price targets suggests strong agreement among analysts regarding the stock's price movement, which can serve as a starting point for further research [7] Earnings Estimates and Analyst Sentiment - Analysts show growing optimism about ALNT's earnings prospects, as indicated by a positive trend in earnings estimate revisions, which historically correlates with near-term stock price movements [9] - Over the last 30 days, the Zacks Consensus Estimate for ALNT's current year earnings has increased by 8.6%, with one estimate moving higher and no negative revisions [10] Zacks Rank and Investment Potential - ALNT 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 upside in the near term [11]