AXTA Price Prediction Next Week
Based on the provided data and recent market developments, here's a comprehensive analysis for AXTA's price prediction for next week:
Technical Analysis:
- Current RSI (14) at 44.15 indicates neutral momentum, not showing overbought or oversold conditions
- MACD shows bearish divergence with MACD line at 0.16 and signal line at 0.28
- Price is currently trading between Fibonacci support at $35.97 and resistance at $37.95
- Current price ($36.03) is slightly below the 5-day SMA ($36.90), indicating short-term weakness
News Sentiment Analysis:
- Barclays maintains Buy rating with $45 price target
- Q4 2024 results showed strong performance:
- Adjusted EPS of $0.60 vs consensus $0.51
- Net sales reached record $1.3 billion
- Adjusted EBITDA increased 10% YoY to $275 million
- Margins improved by 170 basis points to 21%
Price Targets for Next Week:
- Support levels: $35.97 (Fibonacci S1), $35.36 (Fibonacci S2)
- Resistance levels: $37.95 (Fibonacci R1), $38.57 (Fibonacci R2)
Forecast Scenarios:
- Bullish Case (40% probability):
- Target: $38.50-$39.00
- Drivers: Strong Q4 results momentum, analyst confidence
- Break above $37.95 could trigger further upside
- Neutral Case (45% probability):
- Range: $35.97-$37.95
- Consolidation within Fibonacci levels likely
- Bearish Case (15% probability):
- Target: $35.00-$35.36
- Only possible if broader market weakness persists
Buy/Sell Recommendation: BUY
- Entry point: Current price ($36.03) near support
- Stop loss: $35.30
- First target: $37.95
- Second target: $38.57
Rationale:
- Strong fundamental performance
- Positive analyst sentiment
- Technical support levels nearby
- Risk/reward ratio favorable at current levels
AXTA Similar Chart Price Prediction
The price of AXTA is predicted to go up 2.34%, based on the high correlation periods with ACNT. The similarity of these two price pattern on the periods is 94.63%.
AXTA
ACNT
Up: 2.34%Similarity: 94.63%
AXTA Revenue Forecast
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AXTA Analyst's Forecast
John Roberts
Mizuho
Buy
2025-01-07
Price Target
$43 → $41
Upside
+20.41%
Mizuho analyst John Roberts lowered the firm's price target on Axalta Coating to $41 from $43 and keeps an Outperform rating on the shares. In conjunction with its 2025 outlook for the chemicals packaging space, the firm reduced estimates and price targets for several stocks. The March quarter "appears set to begin as weak" as the December quarter ended for most stocks, the analyst tells investors in a research note. Mizuho also updated its top picks, returning DuPont (DD) to top pick replacing Air Products (APD) with Linde (LIN). Each of these stocks are relatively defensive at attractive valuations, contends Mizuho. The firm's only picks in basic chemicals and agriculture remain Westlake (WLK) and Corteva (CTVA). It recommends most consumer-facing chemicals and packaging, although none are top picks.
David Begleiter
Deutsche Bank
Strong Buy
2024-12-19
Price Target
$44 → $42
Upside
+21.76%
Patrick Cunningham
Citigroup
Strong Buy → Hold
2024-12-18
Price Target
$45 → $41
Upside
+16.15%
