Wall Street Analysts See a 41.07% Upside in AdvanSix (ASIX): Can the Stock Really Move This High?

Core Viewpoint - AdvanSix (ASIX) shares have increased by 3.1% recently, with a mean price target of $38.33 suggesting a potential upside of 41.1% from the current price of $27.17 [1] Price Targets and Analyst Consensus - The mean estimate includes three short-term price targets with a standard deviation of $4.04, indicating variability among analysts [1] - The lowest estimate of $36 indicates a 32.5% increase, while the highest estimate suggests a 58.3% surge to $43 [1] - Analysts' price targets can be misleading, as they may set overly optimistic targets due to business incentives [3][4] Earnings Estimates and Market Sentiment - Analysts are optimistic about ASIX's earnings prospects, with a positive trend in earnings estimate revisions [5] - The Zacks Consensus Estimate for the current year has increased by 10.7% due to one upward revision and no negative revisions in the last 30 days [5] - ASIX holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimates [5]