ACIW Price Prediction Next Week
Technical Analysis
Based on recent price action, ACIW shows a downward trend with decreasing highs and lows over the past week. The stock has fallen from $31.84 to $30.31, breaking below key support levels.
News Impact Recent positive news includes:
- Credit rating upgrade to 'BB+' from 'BB' by S&P Global
- Strong growth across all segments, particularly 30% growth in Banks segment
- Expected revenue growth of 9.6% for fiscal 2024
- Anticipated free operating cash flow exceeding $200 million
Price Prediction for Next Week Based on technical indicators and recent news sentiment:
Target Prices:
- Support level: $29.80
- Resistance level: $31.20
- Most likely range: $30.00-$31.00
The stock is likely to consolidate between $30.00-$31.00 next week due to:
- Oversold conditions on technical indicators
- Strong fundamental backdrop from credit upgrade
- Positive business momentum across segments
Recommendation: HOLD/NEUTRAL
- Current price shows weakness but positive fundamentals suggest limited downside
- Wait for confirmation of trend reversal above $31.20 before establishing new long positions
- Set stop loss at $29.50 if holding existing positions
Price targets:
- Short-term (1 week): $30.70
- Key level to watch: Break above $31.20 could trigger move to $32.00
ACIW Similar Chart Price Prediction
The price of ACIW is predicted to go up -3.04%, based on the high correlation periods with MLI. The similarity of these two price pattern on the periods is 90.94%.
ACIW
MLI
Down: -3.04%Similarity: 90.94%
ACIW Revenue Forecast
ACIW EPS Forecast
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ACIW Analyst's Forecast
Peter Heckmann
DA Davidson
Strong Buy → Hold
2024-11-08
Price Target
$57 → $60
Upside
+1.92%
DA Davidson downgraded ACI Worldwide to Neutral from Buy with a price target of $60, up from $57, post the Q3 report. While ACI is on a better track for higher growth with strong margins over the next few years, a large portion of the improved outlook is reflected in the 140% move in the shares over the last year, the analyst tells investors in a research note. The firm cites valuation for the downgrade.
Charles Nabhan
Stephens & Co.
Buy → Hold
2024-10-18
Price Target
n/a
Downside
0%
Peter Heckmann
DA Davidson
Strong Buy
2024-10-15
Price Target
$52 → $57
Upside
+8.3%
