BPMC Price Prediction Next Week
Analysis and Insights
Based on the analysis of news sentiment and technical indicators, here is the prediction for Blueprint Medicines (BPMC) stock price for the next trading week:
News Sentiment and Analyst Ratings:
- Analyst Consensus: Blueprint Medicines has a Moderate Buy rating with an average price target of $127.23, indicating a 33.9% upside from current levels.
- Recent Analyst Actions: JMP Securities analyst Reni Benjamin reiterated a Buy rating with a $125 price target, while Stifel maintained a Buy rating with a higher target of $155.
Technical Indicators:
- RSI (6-period): 28.98, indicating the stock is oversold and potentially due for a rebound.
- MACD: Currently negative (-3.81), suggesting bearish momentum, but nearing a potential crossover.
- Bollinger Bands: The stock is near the lower band, indicating undervaluation.
Price Prediction:
Based on the oversold conditions and bullish analyst sentiment, the stock is expected to rebound. The target price for the next trading week is $95.00.
Recommendation:
Buy Blueprint Medicines (BPMC) as the stock is undervalued and analysts expect significant upside.
BPMC Similar Chart Price Prediction
The price of BPMC is predicted to go up -12.62%, based on the high correlation periods with RDFN. The similarity of these two price pattern on the periods is 99.1%.
BPMC
RDFN
Down: -12.62%Similarity: 99.1%
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BPMC Analyst's Forecast
Sudan Loganathan
Stephens & Co.
Buy
2025-01-02
Price Target
$140
Upside
+60.43%
Stephens analysts presented the firm's 2025 Best Ideas list, which includes Valley National (VLY), CoStar Group (CSGP), Castle Biosciences (CSTL), Alignment Healthcare (ALHC), Privia Health (PRVA), Vulcan Materials (VMC), South State (SSB), Matson (MATX), Azenta (AZTA), Prog Holdings (PRG), Carvana (CVNA), Blueprint Medicines (BPMC), Truist Financial (TFC), Cognex (CGNX), Fiserv (FI), Hancock Whitney (HWC), SunOpta (STKL), Wingstop (WING), SM Energy (SM), The Andersons (ANDE) and Bank of Marin (BMRC).
Brian Cheng
JP Morgan
Buy
2024-11-14
Price Target
$126
Upside
+30.99%
Derek Archila
Wells Fargo
Buy
2024-10-31
Price Target
$153 → $151
Upside
+72.55%
