AME Price Prediction Next Week
Based on the provided data and current market conditions, here's the analysis for AME's price prediction for next week:
Technical Analysis
The stock is currently showing signs of oversold conditions with an RSI reading of 29.4, suggesting potential exhaustion of recent selling pressure. This technical indicator often signals a potential reversal point.
Price Levels and Support/Resistance
- Current Price: $187.98
- Key Fibonacci Levels:
- Resistance 1: $189.13
- Resistance 2: $193.15
- Support 1: $176.08
- Support 2: $172.06
- Pivot: $182.61
Fundamental Catalysts
- Q4 earnings announcement scheduled for February 4, 2025
- Analysts expect:
- EPS of $1.84 (9.5% YoY growth)
- Strong track record of beating EPS estimates in past four quarters
- Full fiscal 2024 EPS projection: $6.80
- Fiscal 2025 EPS projection: $7.31 (7.5% YoY growth)
Price Target Based on the technical and fundamental analysis:
- Base case: $185-190 range
- Bullish case: Break above $193 if earnings beat expectations
- Bearish case: Could test $176 support if broader market weakness continues
Trading Recommendation BUY with the following rationale:
- Oversold RSI conditions suggest potential bounce
- Strong earnings track record
- Upcoming earnings catalyst
- Current price offers good entry point with defined risk
Entry: Current market price ($187.98) Stop Loss: $176 (key support) Target: $193 (key resistance)
AME Similar Chart Price Prediction
The price of AME is predicted to go up -4.35%, based on the high correlation periods with DECK. The similarity of these two price pattern on the periods is 95.45%.
AME
DECK
Down: -4.35%Similarity: 95.45%
AME Revenue Forecast
AME EPS Forecast
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AME Analyst's Forecast
Jamie Cook
Truist Securities
Strong Buy
Price Target
$221 → $222
Upside
+22.79%
Truist raised the firm's price target on Ametek to $222 from $221 and keeps a Buy rating on the shares as part of a broader research note previewing Q4 results for Machinery, Infrastructure Services, and Multi-Industry / Industrial Technology names. The firm notes that estimates for the sector are largely intact and Truist believes that consensus estimates for 2025 are reasonable, adding that the management outlooks will be cautiously optimistic with short cycle industrial destock over and organic growth improving as the year progresses, the analyst tells investors in a research note. In Machinery, there are still pockets of excess channel inventory like farm and construction equipment, while Infrastructure Services names will continue to benefit from secular growth tied to power generation, data centers, and broad-based infrastructure, the firm added.
Steve Barger
Keybanc
Buy
Price Target
$205 → $215
Upside
+9.68%
Richard Eastman
Baird
Hold
Price Target
$166 → $186
Upside
+3.38%