ALTR Price Prediction Next Week
Analysis and Insights
Technical Analysis:
The current price of ALTR is 111.02, with key Fibonacci levels indicating resistance at 111.84 and 112.11. The RSI_6 at 44.69 suggests the stock is not overbought, while the MACD of 0.33 indicates mild bullish momentum.
News Impact:
The expiration of the HSR waiting period for Siemens' acquisition at $113 per share is a positive catalyst, suggesting a potential price target near this level. Additionally, ALTR's collaboration with Moya Aero could enhance growth prospects.
Market Sentiment:
Despite positive news, broader market weakness, as seen in the S&P 500 and Nasdaq declines, may temper ALTR's gains.
Prediction and Recommendation:
Based on Fibonacci resistance and acquisition news, ALTR is expected to rise to approximately 112.50 next week. However, considering broader market conditions, it may be prudent to sell near this level.
ALTR Similar Chart Price Prediction
The price of ALTR is predicted to go up 125.55%, based on the high correlation periods with CPSH. The similarity of these two price pattern on the periods is 98.64%.
ALTR
CPSH
Up: 125.55%Similarity: 98.64%
ALTR Revenue Forecast
ALTR EPS Forecast
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ALTR Analyst's Forecast
Matthew Hedberg
RBC Capital
Hold
2024-10-31
Price Target
$90 → $113
Upside
+8.66%
RBC Capital analyst Matthew Hedberg raised the firm's price target on Altair to $113 from $90 and keeps a Sector Perform rating on the shares after the company announced that it has entered into a definitive agreement to be acquired by Siemens for $10.6B or $113 per share in cash.
Charles Shi
Needham
Strong Buy → Hold
2024-10-31
Price Target
$100
Downside
-3.84%
Dylan Becker
William Blair
Buy → Hold
2024-10-31
Price Target
n/a
Downside
0%
