BMI Price Prediction Next Week
Analysis and Insights
News Impact Analysis:
Badger Meter, Inc. (BMI) recently announced the acquisition of SmartCover, enhancing its position in water infrastructure monitoring. This strategic move is expected to boost its product offerings and market share. Additionally, BMI will trade ex-dividend on February 28, 2025, with a dividend of $0.34, reflecting stability.
Technical Indicators:
- RSI: BMI's RSI is 49.33, indicating a neutral position, not oversold or overbought.
- MACD: The MACD line is slightly below the signal line, suggesting mild bearish momentum.
- Stochastic Oscillator: The %K line is below the %D line, indicating potential buying opportunities if it rises.
- Fibonacci Levels: Resistance at 213.20 and 215.45, with support at 205.94 and 203.69.
Price Prediction:
Based on the acquisition news and technical indicators, BMI is expected to rise. The target price for the next trading week is $215.00.
Recommendation:
Buy BMI at the current price of $212.57, with a target of $215.00. Set a stop-loss at $208.00 to manage risk.
BMI Similar Chart Price Prediction
The price of BMI is predicted to go up 17.29%, based on the high correlation periods with WMG. The similarity of these two price pattern on the periods is 95.85%.
BMI
WMG
Up: 17.29%Similarity: 95.85%
BMI Revenue Forecast
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BMI Analyst's Forecast
Nathan Jones
Stifel
Hold
2024-12-11
Price Target
$203 → $208
Downside
-12.34%
Stifel raised the firm's price target on Badger Meter to $208 from $203 and keeps a Hold rating on the shares. Global industrial stocks having materially outperformed the growth in earnings with 2024 EPS growth of 10% for the group, notes the analyst, who has "concerns in several areas," but is "relatively bullish that growth will be similar in 2025." However, the firm thinks stocks in the group "may have overshot the mark in the short term," the analyst added.
Robert Mason
Baird
Hold
2024-10-18
Price Target
$184 → $203
Downside
-2.24%
Nathan Jones
Stifel
Hold
2024-10-16
Price Target
$189 → $203
Downside
-7.63%
