BALL Price Prediction Next Week
Technical Analysis: BALL's stock has shown a downward trend in recent trading sessions, with the price declining from $61.26 to $51.35. The stock is currently trading below its recent resistance level of $62.16.
News Impact: Recent Q4 earnings release showed mixed results:
- Better-than-expected Q4 EPS of $0.84
- Sales missed expectations at $2.9 billion
- Beverage Packaging North and Central America segment declined 6.5% YoY
Price Forecast for Next Week: Based on technical indicators and recent news:
- Support level: $50.31
- Resistance level: $53.00
- Expected trading range: $50.50 - $53.00
Target prices for next week:
- Bearish scenario (40% probability): $49.80
- Base case (50% probability): $51.80
- Bullish scenario (10% probability): $53.20
Trading Recommendation: SELL with target price of $49.80. The weak sales performance, missed revenue expectations, and declining technical momentum suggest further downside potential. Set stop loss at $53.20.
BALL Similar Chart Price Prediction
The price of BALL is predicted to go up -29.42%, based on the high correlation periods with ESPR. The similarity of these two price pattern on the periods is 97.82%.
BALL
ESPR
Down: -29.42%Similarity: 97.82%
BALL Revenue Forecast
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BALL VS S&P500
Ball's capacity expansion plans should amplify the firm's growth prospects. New products and shifts in consumer preferences will drive volume growth.
Aluminum cans are an eco-friendly beverage packaging that's preferred over plastic. A global shift to renewable products will provide a strong tailwind for the firm.
Following the sale of its aerospace business, Ball is now a pure-play aluminum can producer, enabling management to focus solely on growing its competitively advantaged beverage packaging business.
BALL Analyst's Forecast
Gabe Hajde
Wells Fargo
Hold → Sell
2025-01-16
Price Target
$56 → $49
Downside
-9.44%
Wells Fargo downgraded Ball Corp. to Underweight from Equal Weight with a price target of $49, down from $56. The firm believes beverage can manufacturers face the most significant headwinds within its coverage to start 2025, driven by an "already challenging" macro backdrop, trade policy risks, the "Make America Healthy Again" agenda, and the Surgeon General's warning on alcohol. For Ball, Wells' concerns are its over-exposure to beer, near-term exposure to beverage consumption associated with the Los Angeles fires, and the stock's valuation.
Angel Castillo
Morgan Stanley
Buy
2025-01-13
Price Target
$78 → $75
Upside
+40.92%
Cleveland Rueckert
UBS
Strong Sell → Hold
2025-01-10
Price Target
$62 → $58
Upside
+11.13%
