Does Accel Entertainment (ACEL) Have the Potential to Rally 26.03% as Wall Street Analysts Expect?

Core Viewpoint - Accel Entertainment (ACEL) shares have increased by 3.9% recently, with a mean price target of $14.67 suggesting a potential upside of 26$11.64 [1][2] Price Targets and Analyst Consensus - The mean estimate includes three short-term price targets with a standard deviation of $0.58, indicating a relatively high agreement among analysts [2][7] - The lowest price target of$14 indicates a 20.3% increase, while the highest target of $15 suggests a 28.9% increase [2] - Analysts' price targets can often be misleading, as empirical research shows they rarely indicate actual stock price movements [5][6] Earnings Estimates and Potential Upside - There is growing optimism among analysts regarding ACEL's earnings prospects, supported by a positive trend in earnings estimate revisions [9] - Over the last 30 days, the Zacks Consensus Estimate for the current year has increased by 6%, with two estimates moving higher and no negative revisions [10] - ACEL holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates [11] Conclusion on Price Movement - While consensus price targets may not reliably predict the extent of ACEL's gains, they do provide a useful indication of the expected direction of price movement [12]