BKU Price Prediction Next Week
Analysis and Insights
Based on the analysis of news sentiment and technical indicators, here is the prediction for BankUnited (BKU) stock for the next trading week:
News Sentiment and Analyst Upgrades:
- Piper Sandler Upgrade: BankUnited was upgraded to Overweight from Neutral with a price target of $41, citing excessive share downside as a compelling investment opportunity.
- 'Buy the Dip' Strategy: Piper Sandler highlights BKU as a strong candidate for the 'buy the dip' strategy, emphasizing its solid fundamentals and attractive dividends.
- Wells Fargo Recommendation: BKU is identified as a 'bargain bank' with significant upside potential, trading below its tangible book value.
Technical Indicators:
- Current Price: $35.74 (as of 2025-03-24).
- Fibonacci Levels:
- Pivot: $33.88
- Resistance 1: $35.53
- Resistance 2: $36.56
- Support 1: $32.23
- Support 2: $31.20
- RSI:
- RSI_14: 49.77 (neutral, not oversold)
- RSI_6: 68.38 (neutral)
- MACD:
- MACD Line: -0.97
- Signal Line: 0.34
- MACD Histogram: -1.31 (slight bearish momentum but improving)
Price Prediction:
Based on the Fibonacci levels and improving MACD, BKU is expected to test the resistance level of $36.56 next week. If the MACD line crosses above the signal line, it could confirm a bullish trend.
Recommendation:
Buy BKU with a target price of $38.00. The stock is undervalued at current levels, and the improving technical indicators, combined with positive analyst sentiment, suggest a bullish outlook.
BKU Similar Chart Price Prediction
The price of BKU is predicted to go up -0.38%, based on the high correlation periods with AVAL. The similarity of these two price pattern on the periods is 98.67%.
BKU
AVAL
Down: -0.38%Similarity: 98.67%
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BKU Analyst's Forecast
Karl Shepard
RBC Capital
Hold
2025-01-23
Price Target
$42 → $43
Upside
+8.39%
RBC Capital raised the firm's price target on BankUnited to $43 from $42 and keeps a Sector Perform rating on the shares after its Q4 earnings beat. The company delivered another solid quarter with the 2025 outlook calling for a continuation of the recent fundamental progress, the analyst tells investors in a research note. RBC adds that it expects BankUnited's continued noninterest bearing deposit growth, solid core commercial loan growth, and margin expansion to drive an upward trajectory in 2025 results.
Timur Braziler
Wells Fargo
Buy
2025-01-23
Price Target
$48 → $50
Upside
+26.04%
Jared Shaw
Barclays
Hold
2024-12-20
Price Target
$45 → $44
Upside
+14.67%
