BPOP Price Prediction Next Week
Analysis and Insights
Technical Analysis:
BPOP's stock has entered oversold territory with an RSI of 28.6, indicating potential buying opportunities. The stock recently closed at $89.705, below its 200-day moving average of $100.59. The Fibonacci pivot point is at $97.42, with support levels at $93.33 and $90.81.
News and Fundamentals:
- Dividend Announcement: BPOP declared a quarterly dividend of $0.70 per share, maintaining its dividend consistency.
- Earnings Performance: Q4 2024 GAAP EPS of $2.51 exceeded expectations by $0.45, with revenue of $755.46 million beating estimates by $6.82 million.
Conclusion:
Based on the oversold RSI and positive earnings, BPOP is expected to rebound. The stock is predicted to reach $96.50 next week. Buy as the stock is undervalued with potential for a short-term bounce.
BPOP Similar Chart Price Prediction
The price of BPOP is predicted to go up -2.38%, based on the high correlation periods with C. The similarity of these two price pattern on the periods is 97%.
BPOP
C
Down: -2.38%Similarity: 97%
BPOP Revenue Forecast
BPOP EPS Forecast
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BPOP Analyst's Forecast
Jared Shaw
Barclays
Buy
2024-12-20
Price Target
$110 → $115
Upside
+25.67%
Barclays raised the firm's price target on Popular to $115 from $110 and keeps an Overweight rating on the shares. The firm is optimistic on the positioning of U.S. mid cap banks into 2025. The industry is poised for tailwinds with growth, net interest margin, efficiency and regulation, the analyst tells investors in a research note. Additionally, credit performance has been better than feared a year ago, with banks building reserves and limiting losses, adds Barclays. With a "supportive macro backdrop" for growth and mergers, along with optimism around net interest margin, Barclays is "bullish on the group into 2025."
Nicholas Holowko
UBS
Hold
2024-12-17
Price Target
$104
Upside
+15.11%
Timur Braziler
Wells Fargo
Hold
2024-12-03
Price Target
$90 → $105
Upside
+5.45%
