Up to what price can tho go up today based on the current sentiment

Thor Industries (THO) is likely to face upward price pressure today, considering the recent analyst actions and market performance. Here's an analysis to support this conclusion:

1. Analyst Ratings and Price Targets:
   • BMO Capital Markets reaffirmed an "outperform" rating and set a price target of $120.00, indicating a potential upside of 11.78% from the previous close.
   • While other analysts have set price targets ranging from $95.00 to $113.00, the consensus price target is $102.00. This suggests that prices could move towards the higher end of this range, given the recent positive sentiment adjustments.

2. Recent Stock Performance: Despite a recent decline in short interest indicating decreasing investor sentiment, the stock has beaten earnings and revenue estimates, which typically leads to positive market reactions. This performance could cause the stock price to rise as investors react to the better-than-expected results.
3. Market Conditions: The recreational vehicle (RV) market is expected to remain challenging, particularly in North America and Europe, due to softer market volumes. However, the company's cautious outlook and reduced sales forecasts for FY25 might lead to a more conservative pricing strategy. This could mean that the stock price will stabilize or slightly increase, rather than experiencing a significant surge.
4. Financial Metrics: The company's recent revenue of $2.53 billion for the quarter ended July 2024 represents a year-over-year decline of 7.5%, with EPS remaining flat at $1.68. While the revenue missed the consensus estimate, the EPS surprise was positive at 24.44%, which could contribute to short-term price support.

In conclusion, while the market conditions and analyst ratings suggest that Thor Industries could see a price increase today, the company's cautious outlook and recent performance indicate a more modest rise. The stock may stabilize or experience a slight increase, but it is unlikely to surge to a significantly higher price based on the current sentiment and market conditions.