RE:RE:RE:Roth Capital Initiates Coverage with Buy Rating My guess is, if they haven't specified the ins and outs: guidance-directed factoring, and comparitive data and conclusions/macro considerations + number crunching that they reached their numbers with, then no one on here can answer your question for why they reached that number. It's a price target, it's intended for the target price at the same forward looking point in time relative to time initated as the other coverages provide.
If it helps, it would be pretty bizarre if all analysts reached almost the same price target. If everyone *knew* what Acuity's price would be as a near certainty a year from now, it would be that price already, right now, guarenteed. Different people reach different conclusions, there is speculation at play here, and assumptions made, projections, different subjective views, different degrees of familiarity.