ACM Price Prediction Next Week
Based on the provided data and technical analysis, here's the price prediction for ACM for the next trading week:
Technical Analysis
- Current price: $97.51
- RSI (14) at 29.81 indicates oversold conditions
- MACD is negative (-2.19) with bearish momentum
- All major moving averages (SMA 5,10,20) are above current price, suggesting downward pressure
- Bollinger Bands show price near lower band (95.26), indicating potential support level
News Impact
- Baird recently cut price target from $125 to $17 while maintaining Outperform rating
- ACM is expected to benefit from infrastructure investments with projected 15-20% earnings and revenue growth
- Company's business model is becoming less capital intensive, which could lead to increased stock value
Fibonacci Levels
- Support levels: S1 at 98.39, S2 at 95.41
- Resistance levels: R1 at 108.03, R2 at 111.01
- Pivot point: 103.21
Price Prediction for Next Week Based on technical indicators and news sentiment:
- Bearish scenario (40% probability): Price could test S2 at 95.41
- Base scenario (50% probability): Bounce from current oversold levels toward S1 at 98.39
- Bullish scenario (10% probability): Recovery toward R1 at 108.03
Trading Recommendation: BUY
- Entry point: Current level ($97.51)
- Target: $98.39 (S1 level)
- Stop loss: $95.41 (S2 level)
- Rationale: Oversold conditions combined with positive fundamental outlook suggest a potential short-term bounce
ACM Similar Chart Price Prediction
The price of ACM is predicted to go up 17.61%, based on the high correlation periods with CELU. The similarity of these two price pattern on the periods is 96.02%.
ACM
CELU
Up: 17.61%Similarity: 96.02%
ACM Revenue Forecast
ACM EPS Forecast
ACM FAQs
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ACM VS S&P500
Thanks to its diversified portfolio, we expect Aecom to take advantage of growth opportunities in sectors with favorable long-term prospects, including transportation and water.
Aecom's strong cash flows have allowed the firm to repurchase around 15% of its shares outstanding since September 2020.
Following the 2014 acquisition of Hunt Construction, Aecom became the leading nationwide builder of iconic sports arenas, such as the Los Angeles Rams NFL stadium.
ACM Analyst's Forecast
Sangita Jain
Keybanc
Buy
2025-01-08
Price Target
$122 → $121
Upside
+12.75%
KeyBanc lowered the firm's price target on Aecom to $121 from $122 and keeps an Overweight rating on the shares. The firm says it is adjusting estimates to reflect post Q3 model fine tuning.
Jamie Cook
Truist Securities
Strong Buy
2024-11-22
Price Target
$119 → $129
Upside
+11.66%
Adam Bubes
Goldman Sachs
Strong Buy
2024-11-22
Price Target
$130
Upside
+12.52%
