Wall Street Analysts Believe Utz Brands (UTZ) Could Rally 34.22%: Here's is How to Trade

Core Viewpoint - Utz Brands (UTZ) has shown a recent price increase and analysts suggest significant upside potential based on price targets and earnings estimates [1][9]. Price Targets - The mean price target for UTZ is $18.67, indicating a potential upside of 34.2$13.91 [1]. - Analysts have set short-term price targets ranging from a low of $16 to a high of$23, with a standard deviation of $2.29, suggesting a consensus among analysts [2]. - The lowest estimate indicates a 15% increase, while the highest suggests a 65.4% upside [2]. Earnings Estimates - Analysts have revised earnings estimates upward, indicating a positive trend that correlates with potential stock price increases [4][9]. - The Zacks Consensus Estimate for the current year has increased by 2.8% over the past month, with three estimates going higher and no negative revisions [10]. - UTZ holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates [11]. Analyst Behavior - Analysts often set optimistic price targets influenced by business relationships, which can lead to inflated expectations [6]. - A low standard deviation in price targets indicates a high degree of agreement among analysts regarding the stock's price movement [7]. Investment Considerations - While price targets can provide insights, relying solely on them for investment decisions may lead to disappointing returns [8][12].