ASO Price Prediction Next Week
Analysis and Insights
Technical Analysis:
Academy Sports and Outdoors, Inc. (ASO) is currently trading at $49.11 as of 2025-03-24. The stock has shown a recent upward trend, with a pre-market increase of 2.05% and a regular market gain of 3.98%. The RSI_6 is at 50.44, indicating a neutral position, while the MACD is slightly bearish at -1.38 but showing signs of potential bullish crossover with a positive histogram of 0.16.
Fibonacci Levels:
The Fibonacci levels suggest key resistance at $50.12 (R1) and $52.04 (R2), with support at $43.93 (S1) and $42.01 (S2). The pivot point is at $47.03.
Analyst Sentiment:
B. Riley Securities cut ASO's price target from $70 to $65 but maintained a Buy rating, while JPMorgan raised the target to $54 from $52 with a Neutral rating. These adjustments indicate cautious optimism.
Price Prediction:
Given the technical indicators and analyst sentiment, ASO is expected to reach $52.04 in the next trading week. A buy recommendation is suggested, with a stop-loss at $44.00.
ASO Similar Chart Price Prediction
The price of ASO is predicted to go up 5.05%, based on the high correlation periods with PSX. The similarity of these two price pattern on the periods is 96.16%.
ASO
PSX
Up: 5.05%Similarity: 96.16%
ASO Revenue Forecast
ASO EPS Forecast
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ASO Analyst's Forecast
Christopher Horvers
JP Morgan
Hold
2025-03-21
Price Target
$52 → $54
Upside
+14.03%
JPMorgan raised the firm's price target on Academy Sports to $54 from $52 and keeps a Neutral rating on the shares. The firm contends the valuation looks "attractive," but sees uncertainty on "how much escape velocity there is in the business considering the backdrop," the analyst tells investors following a "mixed 4Q print."
Seth Basham
Wedbush
Buy
2025-03-21
Price Target
$65 → $60
Upside
+26.7%
Anna Glaessgen
B. Riley Securities
Strong Buy
2025-03-21
Price Target
$70 → $65
Upside
+37.26%
