ARMK Price Prediction Next Week
Based on the provided data and recent market activity, here's a comprehensive analysis for ARMK's price prediction for next week:
Technical Analysis
The stock is showing bearish signals with RSI at 41.84, indicating a weakening momentum. MACD at -0.11 suggests a bearish trend continuation. The stock is trading below its 20-day moving average of $38.60, indicating short-term weakness.
Recent Price Action
- Current Price: $37.16
- Recent High: $38.18
- Recent Low: $37.31
- Trading Volume: 2.6M shares
Fundamental Catalysts
- Q1 earnings beat with EPS of $0.51 vs expected $0.48
- Revenue missed estimates at $4.55B vs expected $4.62B
- Company maintains FY25 organic revenue growth guidance of 7.5-9.5%
- Quarterly dividend of $0.105 payable on Feb 24
Analyst Sentiment Recent analyst actions show mixed sentiment:
- RBC Capital: Outperform, PT $47
- Morgan Stanley: Equal-Weight, PT $43
- Baird: Neutral, PT $45
- Stifel: Buy, PT $45
Price Prediction for Next Week Based on technical indicators and recent fundamental developments:
- Resistance Level: $38.60 (20-day MA)
- Support Level: $36.55 (Fibonacci S1)
- Target Range: $36.50-$38.00
Trading Recommendation SELL with the following rationale:
- Technical indicators showing bearish momentum
- Recent earnings miss on revenue
- Analysts have expressed concerns about meeting FY25 guidance
- Stock trading below key moving averages
Target entry: Current market price ($37.16) Stop loss: $38.60 (above 20-day MA) Price target: $36.55 (Fibonacci S1)
ARMK Similar Chart Price Prediction
The price of ARMK is predicted to go up -10.76%, based on the high correlation periods with UNFI. The similarity of these two price pattern on the periods is 95.36%.
ARMK
UNFI
Down: -10.76%Similarity: 95.36%
ARMK Revenue Forecast
ARMK EPS Forecast
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ARMK Analyst's Forecast
Andrew Wittmann
Baird
Hold
2024-12-12
Price Target
$44 → $45
Upside
+11.66%
Baird raised the firm's price target on Aramark to $45 from $44 and keeps a Neutral rating on the shares. The firm met with management who noted solid momentum while Baird looks for more controversy/debate to become more overtly positive; but valuation is attractive on EPS and EBITDA, slightly less so on FCF.
Shlomo Rosenbaum
Stifel
Strong Buy
2024-11-12
Price Target
$43 → $45
Upside
+18.39%
Toni Kaplan
Morgan Stanley
Hold
2024-11-12
Price Target
$38 → $40
Upside
+5.24%
