The average of price targets set by Wall Street analysts indicates a potential upside of 41.5% in Energy Fuels (UUUU). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
Trivia time: Which company has a stock ticker with four U's in it? The answer is Energy Fuels (NYSEAMERICAN: UUUU ), and of course, the U's are for uranium.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?