2017 EPSTD increased their estimate to $120 million EPS for 2017, in early October, as they feel Q3 will prove to be an excellent quarter for the sector. That’s about $2 a share. Q3 earnings come out on Nov 8th. Target price of $14, was also revised upwards. $12 previously.
An issue I’d see here is that the six month hold on the pre IPO shares comes off at the same time in early November. Given anemic volumes, that could lead to downward pressure if some investors sell some of their holdings.