Wall Street analysts can often be among the more conservative handicappers of where revenue and earnings growth can come in over time. This makes sense, considering the price targets and buy/sell calls such analysts put forward have a direct impact on their jobs.
If such analysts don’t get the direction of movement right (or are way off with the magnitude of the move a given stock makes), that can be career-ending.
That said, despite this tendency toward conservatism in the analyst community, there are a number of stocks that currently carry significant price targets over and above where shares currently trade. Here are three with price targets set more than 40% above their current share price I think are worth considering.
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