BIRK Price Prediction Next Week
Based on the provided data and technical analysis, here is the prediction for BIRK's stock price next week:
Technical Analysis
- Current RSI (14) at 43.14 indicates neutral territory but slightly oversold
- MACD at 0.06 shows weak positive momentum
- 20-day SMA at $58.22 and 200-day SMA at $53.03 indicates overall upward trend
- Fibonacci levels show key support at $55.94 and resistance at $61.56
News Sentiment Analysis
- Recent analyst coverage remains bullish with a Strong Buy consensus
- Average price target of $68.46 suggests 17.77% upside potential from current levels
- Bank of America maintains Buy rating with $70 target
- Positive sentiment from Barbie movie association continues to provide brand visibility
Price Prediction for Next Week Target price range: $57.50 - $62.00
- Support levels: $55.94, $54.21
- Resistance levels: $61.56, $63.29
- Most likely scenario: Stock will test resistance at $61.56 with potential breakout
Trading Recommendation BUY with entry point at current levels ($58.13)
- Set stop loss at $55.94 (Fibonacci S1 level)
- First target: $61.56 (Fibonacci R1)
- Second target: $63.29 (Fibonacci R2)
The stock shows bullish momentum based on technical indicators and positive analyst sentiment. The strong institutional backing and brand momentum should support price appreciation in the near term.
BIRK Similar Chart Price Prediction
The price of BIRK is predicted to go up -31.05%, based on the high correlation periods with RIOT. The similarity of these two price pattern on the periods is 94.69%.
BIRK
RIOT
Down: -31.05%Similarity: 94.69%
BIRK Revenue Forecast
BIRK EPS Forecast
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BIRK Analyst's Forecast
Simeon Siegel
BMO Capital
Buy
2024-12-19
Price Target
$60 → $70
Upside
+21.24%
BMO Capital analyst Simeon Siegel raised the firm's price target on Birkenstock to $70 from $60 and keeps an Outperform rating on the shares after its Q4 results. The company demonstrated continued industry-leading growth, with both DTC and Wholesale business having accelerated across regions, the analyst tells investors in a research note. BMO adds that Birkenstock's gross margins contracted, but the underlying gross margins expanded about 10bps while its adjusted EBITDA margins beat estimates.
Mark Altschwager
Baird
Buy
2024-12-19
Price Target
$65 → $72
Upside
+24.71%
Krisztina Katai
Deutsche Bank
Strong Buy
2024-12-19
Price Target
$65 → $66
Upside
+14.32%
