ARES Price Prediction Next Week
Technical Analysis: Based on the technical indicators, ARES is showing mixed signals. The RSI(14) at 69.79 indicates the stock is approaching overbought territory but hasn't reached extreme levels yet. The MACD at 4.98 suggests positive momentum. The stock is trading above both its 20-day SMA ($183.77) and 60-day SMA ($176.19), indicating a strong medium-term uptrend.
News Impact: Recent news has been mixed for ARES:
- Barclays analyst Benjamin Budish initiated coverage with a Buy rating and a price target of $224, while the stock closed at $197.32
- The consensus rating is Moderate Buy with an average price target of $194.90
- Los Angeles wildfires have impacted operations, though ARES has maintained business continuity through remote work arrangements
Fibonacci Analysis: Current key levels:
- Resistance 1: $201.61
- Resistance 2: $211.57
- Support 1: $175.55
- Support 2: $169.40
Price Prediction for Next Week: Based on technical analysis and current market conditions:
- Bullish target: $204-206 (if breaks above $201.61)
- Bearish target: $192-194 (if fails to hold above $195)
- Most likely scenario: Consolidation between $195-201 range
Trading Recommendation: SELL. Despite positive analyst coverage, the technical indicators suggest the stock is approaching resistance levels and overbought territory. The recent wildfire impact on operations adds operational uncertainty. Traders should consider taking profits at current levels and wait for a pullback to the $192-194 range for new entry opportunities.
ARES Similar Chart Price Prediction
The price of ARES is predicted to go up -2.88%, based on the high correlation periods with VRSK. The similarity of these two price pattern on the periods is 94.8%.
ARES
VRSK
Down: -2.88%Similarity: 94.8%
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ARES Analyst's Forecast
Michael Brown
Keefe, Bruyette & Woods
Hold → Buy
Price Target
$166 → $202
Upside
+14.48%
Keefe Bruyette upgraded Ares Management to Outperform from Market Perform with a price target of $202, up from $166. The firm expects the overall economic backdrop to remain resilient and credit to remain relatively benign in 2025. The recent shift in the yield curve will be enough to derail a return of merger activity in 2025, says Keefe, which continues to expect a sharp rebound in M&A volumes. This should help drive better net deployment trends for Ares in 2025, the analyst tells investors in a research note.
Michael Brown
Wells Fargo
Hold → Buy
Price Target
$176 → $212
Upside
+16.26%
Brian Bedell
Deutsche Bank
Hold
Price Target
$146 → $150
Upside
-12.54%