Wall Street Analysts Believe HUTCHMED (HCM) Could Rally 72.83%: Here's is How to Trade

Core Viewpoint - HUTCHMED (HCM) shares have increased by 4.6% recently, with analysts suggesting a potential upside of 72.8% based on a mean price target of $25.63 [1] Price Targets - The average price target for HCM ranges from a low of$17.50 to a high of $39, with a standard deviation of$9.84, indicating variability among analysts [2] - The lowest estimate suggests an 18% increase from the current price, while the highest estimate indicates a 163% upside [2] - A low standard deviation signifies greater agreement among analysts regarding price movement [2][7] Analyst Sentiment - Analysts show strong agreement in revising earnings estimates upward, which correlates with potential stock price increases [4][9] - Over the past 30 days, one estimate has increased, leading to a 5% rise in the Zacks Consensus Estimate for the current year [10] Zacks Rank - HCM holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors [11] Conclusion on Price Targets - While consensus price targets may not be entirely reliable, the direction they imply can serve as a useful guide for potential price movements [12]