Investors need to pay close attention to Burford Capital (BUR) stock based on the movements in the options market lately.
Burford Capital (BUR) delivered earnings and revenue surprises of -131.11% and 78.50%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
The average of price targets set by Wall Street analysts indicates a potential upside of 33.5% in Burford Capital (BUR). 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.