It's the basic question when investing in a stock: is it on the way up or down
To answer this question, the street has developed numerous ways of attempting to predict what will happen, estimating various attributes tied to stock performance in order to determine what the future holds for a company's valuation. After dissecting the data, analysts following a particular stock produce a price target of where they believe the stock is headed.
So far this year, the S&P 500 is up about 6 percent, with more than half (285) of the index components outperforming the overall market. The CNBC’s Analytics team looked at the stocks that have average consensus estimates farthest above their current stock prices. All values including analysts’ estimates are as of the market close on February 20, 2013. All data in this story is sourced from S&P Capital IQ and Thomson Reuters.
So, which stocks are analysts expecting to have the biggest pops? Click ahead to find out!
By Giovanny Moreano & Paul Toscano
Posted 20 Feb 2013