ALB Price Prediction Next Week
Technical Analysis: ALB's stock has shown significant weakness in recent trading sessions, with the price declining from $120.23 to $118.80. The stock is displaying a bearish trend with lower highs and lower lows.
Price Target Analysis: KeyBanc recently maintained an Overweight rating while lowering their price target to $122, suggesting potential upside from current levels. The average analyst target price stands at $105.65, indicating a 26.27% upside potential from recent trading levels.
News Sentiment & Catalysts:
- The stock has recently crossed above 2% yield territory, marking an important dividend milestone
- Analysts remain cautiously optimistic, with recent research suggesting the stock may be positioning for a secular buy opportunity
Next Week's Price Projection: Based on technical indicators and recent price action:
- Support levels: $114.15
- Resistance levels: $120.18
- Projected trading range: $115-122
Price Target: $121.50 by end of next week
Recommendation: BUY Rationale:
- Oversold conditions presenting attractive entry point
- Strong analyst support with upside targets
- Technical indicators suggesting potential reversal
- Dividend yield support providing downside protection
The stock shows signs of stabilizing after recent declines and appears positioned for a technical bounce within the identified range. Entry around current levels with a stop loss below $114 is recommended.
ALB Similar Chart Price Prediction
The price of ALB is predicted to go up 6.22%, based on the high correlation periods with HWC. The similarity of these two price pattern on the periods is 97.8%.
ALB
HWC
Up: 6.22%Similarity: 97.8%
ALB Revenue Forecast
ALB EPS Forecast
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ALB VS S&P500
Albemarle has top-tier lithium assets through its brine operations in Chile and spodumene hard-rock operations in Western Australia, which are among the lowest-cost sources of lithium production globally.
Lithium prices should remain well above the marginal cost of production through at least the remainder of the decade, leading to excess profits and return on invested capital for Albemarle.
Albemarle has low-cost bromine production through its highly concentrated brines in the Dead Sea and Arkansas.
ALB Analyst's Forecast
Charles Neivert
Piper Sandler
Sell
2025-02-20
Price Target
$90 → $85
Upside
+3.11%
Piper Sandler analyst Charles Neivert lowered the firm's price target on Albemarle to $85 from $90 and keeps an Underweight rating on the shares following quarterly results, guidance for 2025 and the firm's own channel checks in the automotive market and a review of macro conditions just prior to and following the earnings release. Based on the data and Piper's findings, the firm remains bearish on the shares.
Aleksey Yefremov
Keybanc
Buy
2025-02-14
Price Target
$127 → $122
Upside
+45.57%
Peter Osterland
Truist Securities
Hold
2025-02-14
Price Target
$96 → $85
Upside
+1.42%
