ARMK Price Prediction Next Week
Analysis and Insights
To predict the stock price of Aramark (ARMK) for the next trading week, we analyze both technical indicators and recent news sentiment.
Technical Analysis:
Price Trends: ARMK's stock price is currently trading below its 200-day moving average, indicating a bearish trend. However, the recent Buy rating from Citi with a $48 price target suggests potential upside.
RSI: The Relative Strength Index (RSI) for ARMK is at 40.78, indicating the stock is not oversold but is in a neutral zone.
Fibonacci Levels: The stock is currently trading near the pivot point of $36.25, with resistance levels at $37.24 and $38.83.
News Sentiment:
Citi's Buy Rating: Citi resumed coverage of ARMK with a Buy rating and a $48 price target, highlighting the potential for multi-year double-digit earnings growth in the leisure sector.
Downgrade to Hold: Another analysis downgraded ARMK to Hold, citing risks to the company meeting FY25 guidance.
Price Prediction:
Based on the technical indicators and news sentiment, ARMK's stock price is expected to trade around $37.50 in the next trading week. The stock may experience a short-term rebound due to the positive news from Citi, but the overall trend remains uncertain.
Buy/Sell Recommendation:
Buy if the stock breaks above the resistance level of $37.24. Sell if the stock fails to gain momentum and falls below the support level of $35.27.
ARMK Similar Chart Price Prediction
The price of ARMK is predicted to go up 10.74%, based on the high correlation periods with DY. The similarity of these two price pattern on the periods is 97.07%.
ARMK
DY
Up: 10.74%Similarity: 97.07%
ARMK Revenue Forecast
ARMK EPS Forecast
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ARMK Analyst's Forecast
James Ainley
Citigroup
Strong Buy
2025-02-24
Price Target
$48
Upside
+28.65%
Citi resumed coverage of Aramark with a Buy rating and $48 price target. In leisure, the firm believes market leaders can continue to enhance their competitive advantage with multi-year double-digit earnings growth potential. It sees "highly favorable fragmented market structures" enabling technology deployment at scale as well as attractive pricing dynamics in hotels and caterers. Citi's overall top pick is Whitbread and in the contract catering subsector the analyst prefers Sodexo.
Andrew Wittmann
Baird
Hold
2024-12-12
Price Target
$44 → $45
Upside
+11.66%
Shlomo Rosenbaum
Stifel
Strong Buy
2024-11-12
Price Target
$43 → $45
Upside
+18.39%
