Wall Street Analysts Think OneWater Marine (ONEW) Could Surge 27.09%: Read This Before Placing a Bet

Core Viewpoint - OneWater Marine (ONEW) has shown a recent price increase of 5.1% and has a mean price target of $22.80, indicating a potential upside of 27.1$17.94 [1] Price Targets - The average price targets from analysts range from a low of $19 to a high of$25, with a standard deviation of $2.49, suggesting a variability in estimates [2] - The lowest estimate indicates a 5.9% increase, while the highest suggests a 39.4% upside [2] - A low standard deviation indicates a higher agreement among analysts regarding the stock's price movement [7] Analyst Sentiment - Analysts are optimistic about ONEW's earnings prospects, as indicated by upward revisions in earnings estimates, which have shown a strong correlation with stock price movements [9] - Over the last 30 days, two earnings estimates have increased, leading to a Zacks Consensus Estimate rise of 11.2% [10] Zacks Rank - ONEW 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 solid potential upside [11] Caution on Price Targets - While price targets can provide insights, relying solely on them for investment decisions may lead to disappointing returns, and they should be approached with skepticism [8][12]