Oil Price Movement: Oil prices have decreased in Asian trading, with WTI crude futures down 0.65% at $64.18/bbl and Brent down 0.7% at $68.12/bbl after previous gains.
Market Analysis: StoneX analyst Julian Pineda suggests that WTI crude may consolidate around $65/bbl, having shown a bullish trend recently with over 1.6% gains.
Concerns Over Purchases: There are emerging concerns regarding India's crude purchases from Russia, which could face challenges in the near future.
Resistance and Support Levels: Pineda identifies key resistance for WTI crude at $67/bbl and support at $60/bbl, indicating potential future price movements.
SNEX
$97.1+Infinity%1D
Analyst Views on SNEX
Wall Street analysts forecast SNEX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SNEX is USD with a low forecast of 112.00 USD and a high forecast of 112.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
Wall Street analysts forecast SNEX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SNEX is USD with a low forecast of 112.00 USD and a high forecast of 112.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 96.240
Low
112.00
Averages
High
112.00
Current: 96.240
Low
112.00
Averages
High
112.00
William Blair
Jeff Schmitt
Buy
Initiates
n/a
2025-03-26
Reason
William Blair
Jeff Schmitt
Price Target
n/a
2025-03-26
Initiates
Buy
Reason
William Blair initiated coverage of StoneX Group with an Outperform rating.
About SNEX
StoneX Group Inc., through its subsidiaries, operates a global financial services network that connects companies, organizations, traders, and investors to the global market ecosystem through digital platforms, end-to-end clearing and execution services, high-touch service, and expertise. Its segments include Commercial, Institutional, Self-Directed/Retail, and Payments. The Commercial segment comprises the activities associated with the identification, management, hedging and monitoring of various commodity and financial risks faced by commercial entities in their business cycles. It provides institutional clients with a suite of equity trading services to help them find liquidity with execution, as well as prime brokerage in equities and various foreign currency pairs and swap transactions. It provides its retail clients around the world access to over 18,000 global financial markets. It provides customized payment, technology and treasury services to banks, charities, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
