Published on 2 May 2024 on Zacks via Yahoo Finance
Wall Street Analysts See a 30.85% Upside in Carter Bankshares (CARE): Can the Stock Really Move This...
Shares of Carter Bankshares, Inc. (CARE) have gained 4.8% over the past four weeks to close the last trading session at $12.74, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $16.67 indicates a potential upside of 30.9%.
The average comprises three short-term price targets ranging from a low of $13 to a high of $20, with a standard deviation of $3.51. While the lowest estimate indicates an increase of 2% from the current price level, the most optimistic estimate points to a 57% upside. More than the range, one should note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.