Wall Street Analysts Predict 81.1% Upside for Gloo Holdings Stock Amid Earnings Revision Optimism
Gloo Holdings, Inc. (GLOO) saw its stock close at $7.4, which is a 33% rise in just a month. Analysts predict an average price target of $13.4, indicating a possible gain of 81.1%. The estimates range from a low of $10.00, suggesting a 35.1% increase, to a high of $17.00, which could mean a 129.7% jump, with a standard deviation of $2.61. In the past month, the Zacks Consensus Estimate for this year has increased by 6.1, along with one upward revision. Zacks rates GLOO as #2 (Buy), ranking it in the top 20% of over 4,000 stocks. However, there’s a warning about relying solely on these targets due to potential inflation from business incentives.
Key facts
- Gloo Holdings, Inc. (GLOO) stock closed at $7.4, up 33% over four weeks
- Mean price target is $13.4, indicating 81.1% upside potential
- Five short-term price targets range from $10.00 to $17.00 with a $2.61 standard deviation
- Zacks Consensus Estimate for current year increased 6.1% in last 30 days
- GLOO has a Zacks Rank #2 (Buy), top 20% of over 4,000 stocks
- Empirical research questions reliability of price targets due to analyst biases
- Strong agreement among analysts on earnings revisions suggests potential upside
- Article cautions against investment decisions based solely on price targets
Entities
Institutions
- Zacks Investment Research
- Gloo Holdings, Inc.
Sources
- Quartz —