ADC Price Prediction Next Week
Analysis and Insights
News Sentiment and Recent Developments:
Analyst Upgrade: Barclays upgraded Agree Realty (ADC) to Equal Weight from Underweight, raising the price target to $75 due to improved valuation and a softer macro outlook in the U.S. This upgrade suggests increased confidence in ADC's performance and valuation.
Dividend Performance: ADC's common shares have shown stability, with a recent increase of about 0.6% in Wednesday trading. The dividend yield is approximately 4.11%, indicating a stable income stream for investors.
Ex-Dividend Dates: ADC will trade ex-dividend on 2/28/25, with a dividend payment of $0.253 on 3/14/25. This could lead to a slight dip in the stock price pre-ex-dividend, but the overall dividend stability remains a positive factor.
Technical Analysis:
RSI: The Relative Strength Index (RSI) for ADC is at 66.34, indicating the stock is not overbought and has room for further upside.
MACD: The MACD line is above the signal line (0.82 vs. 0.48), suggesting bullish momentum.
Bollinger Bands: The stock is trading near the lower Bollinger Band, indicating potential oversold conditions and a possible bounce.
Fibonacci Levels: The stock is near the Fibonacci support level of 72.31, which could act as a floor for the price.
Price Forecast:
Based on the technical indicators and positive news sentiment, ADC is expected to rise towards the Fibonacci resistance level of 77.25. The price target for the next trading week is $77.
Recommendation:
Buy Agree Realty (ADC) with a target price of $77. The combination of positive analyst sentiment, stable dividends, and favorable technical indicators supports this outlook.
ADC Similar Chart Price Prediction
The price of ADC is predicted to go up -26.78%, based on the high correlation periods with QUAD. The similarity of these two price pattern on the periods is 93.36%.
ADC
QUAD
Down: -26.78%Similarity: 93.36%
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ADC Analyst's Forecast
John Kilichowski
Wells Fargo
Buy
2025-03-10
Price Target
$78 → $81
Upside
+5.41%
Wells Fargo raised the firm's price target on Agree Realty to $81 from $78 and keeps an Overweight rating on the shares. The firm notes the week was full of headlines, from the current administration's back-and-forth on tariffs, to a modestly weak jobs report driven by a federal hiring freeze, both of which put pressure on the broader market. However, the risk-off tape has made net lease a near-term hideout. In this environment, Wells continues to prefer the names with quality credit tenants and strong coverage profiles that also have enough spread to rates on their costs of capital for accretive investment that can weather volatility and drive upside to guidance.
Richard Hightower
Barclays
Sell → Hold
2025-03-04
Price Target
$74 → $75
Upside
+0.44%
Haendel St. Juste
Mizuho
Hold
2025-01-08
Price Target
$80 → $74
Upside
+6.35%
