Wall Street Analysts Think Accel Entertainment (ACEL) Could Surge 25.21%: Read This Before Placing a Bet

Core Viewpoint - Accel Entertainment (ACEL) has shown a 14% gain over the past four weeks, with a mean price target of $15 indicating a potential upside of 25.2$11.98 [1][2]. Price Targets and Analyst Consensus - The mean estimate consists of three short-term price targets with a standard deviation of $0, suggesting strong agreement among analysts [2]. - The lowest estimate of$15 indicates a 25.2% increase from the current price level, while the most optimistic analyst also expects the stock to reach $15 [2]. - A low standard deviation signifies a high degree of agreement among analysts regarding the stock's price movement direction and magnitude [7]. Earnings Estimates and Analyst Optimism - Analysts have shown growing optimism regarding ACEL's earnings prospects, as indicated by a strong consensus in revising EPS estimates higher [9]. - Over the last 30 days, the Zacks Consensus Estimate for the current year has increased by 0.7%, with one estimate moving higher and no negative revisions [10]. - ACEL currently holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimates [11]. Implications of Price Targets - While the consensus price target may not reliably indicate the extent of potential gains, it does provide a directional guide for price movement [12].