AZEK Price Prediction Next Week
AZEK Stock Price Prediction and Recommendation
Based on the analysis of news sentiment and technical indicators, the predicted stock price for AZEK in the next trading week is $47.41.
Technical Indicators Analysis:
- RSI (14): 28.2, indicating oversold conditions and potential buying opportunities.
- MACD: Negative, but showing signs of convergence, suggesting a possible bullish crossover.
- Fibonacci Levels:
- Pivot Point: $45.49
- Resistance Levels: $47.41, $48.60, $50.51
- Support Levels: $42.39, $40.47
News Sentiment and Fundamental Analysis:
- AZEK has a Zacks Rank #1, with a 2.1% increase in earnings estimates over the last 60 days, indicating strong growth potential.
- The stock has a PEG ratio of 1.69, better than the industry average of 2.08, suggesting reasonable valuation.
Price Target and Recommendation:
The stock is expected to rebound from oversold levels, targeting the first resistance level at $47.41.
Recommendation: BUY AZEK stock with a target price of $47.41.
AZEK Similar Chart Price Prediction
The price of AZEK is predicted to go up 2.36%, based on the high correlation periods with GILD. The similarity of these two price pattern on the periods is 98.09%.
AZEK
GILD
Up: 2.36%Similarity: 98.09%
AZEK Revenue Forecast
AZEK EPS Forecast
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AZEK Analyst's Forecast
Anthony Pettinari
Citigroup
Hold → Strong Buy
2025-01-06
Price Target
$51 → $60
Upside
+22.82%
Citi analyst Anthony Pettinari upgraded Azek (AZEK) to Buy from Neutral with a price target of $60, up from $51. The firm cites is its above-consensus 2025 estimates, and attractive relative valuation, expectations for continued share gains, opportunities in product adjacencies, and a positive view on secular growth tailwinds in composite decking for the upgrade. Citi expects Azek's sales and margin growth to outperform Trex (TREX) in 2025, while consensus estimatesimply the two producers grow roughly in-line with each other.
Matthew Bouley
Barclays
Buy
2024-12-11
Price Target
$58 → $64
Upside
+17.13%
Michael Rehaut
JP Morgan
Buy
2024-11-25
Price Target
$48 → $58
Upside
+7.85%
