Wall Street Analysts Think Utz Brands (UTZ) Could Surge 34.45%: Read This Before Placing a Bet

Group 1: Stock Performance and Price Targets - Utz Brands (UTZ) shares have increased by 0.8% over the past four weeks, closing at $13.47, with a mean price target of$18.11 indicating a potential upside of 34.5% [1] - The average of nine short-term price targets ranges from a low of $16 to a high of$20, with a standard deviation of $1.45, suggesting a potential increase of 18.8% to 48.5% from the current price [2] Group 2: Analyst Insights and Earnings Estimates - Analysts show a consensus that UTZ will report better earnings than previously estimated, which is a positive indicator for potential stock upside [4] - The Zacks Consensus Estimate for the current year has risen by 3.9% over the past month, with five estimates increasing 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] Group 3: Caution on Price Targets - Solely relying on consensus price targets for investment decisions may not be wise, as analysts' ability to set accurate targets has been questioned [3][5] - Analysts often set overly optimistic price targets due to business incentives, which can lead to inflated estimates [6] - While a tight clustering of price targets indicates agreement among analysts, it does not guarantee that the stock will reach the average target [7]