Based on the current market data and recent developments, BLDR stock shows mixed signals. The stock is currently trading at $155.72 with a modest gain of 1.16% in regular trading hours, but technical indicators suggest caution with an RSI of 40.62 indicating neutral momentum.
Technical Analysis
The stock is currently trading below both its 20-day moving average ($162.39) and 60-day moving average ($165.00), suggesting near-term weakness in the price trend. The Fibonacci levels indicate immediate resistance at $172.97 and support at $155.76, with the stock currently testing this key support level.
Recent Performance & News
The stock experienced three consecutive days of losses last week, falling 3.72% to $153.93 on Friday amid broader market weakness. However, today's positive movement suggests some stabilization.
Analyst Sentiment
Recent analyst coverage remains bullish:
- Barclays maintains Buy rating with $188 price target (17.22% upside)
- Stifel initiated coverage with Strong Buy rating and $175 target (21.77% upside)
- Wedbush reiterated Buy rating with $230 target (51.40% upside)
Earnings Outlook
The company is scheduled to report Q4 earnings on February 20, with analysts expecting EPS of $2.19, down 38.3% year-over-year. While this indicates near-term pressure, fiscal 2025 earnings are projected to grow 3% to $11.88 per share.
Based on the technical weakness but strong analyst support and potential earnings catalyst, holding current positions or waiting for a more stable entry point below $155 support level would be prudent.