BR Price Prediction Next Week
Technical Analysis: BR's stock shows a bullish trend with recent price action forming higher lows and higher highs. The stock closed at $235.33 on February 21, 2025, with the following key observations:
- Support level established at $233.90 (recent low)
- Resistance level at $235.87 (recent high)
- Volume has been relatively stable, indicating healthy market participation
News Sentiment Analysis: Recent news shows positive momentum for BR:
- Extended global agreement with Upvest to enhance proxy voting solutions
- Strong institutional backing and strategic partnerships indicate business growth potential
Price Prediction for Next Trading Week (Feb 24-28, 2025):
Target Prices:
- Support: $234.50
- Resistance: $237.80
- Most Likely Range: $235.00-$237.00
Based on technical indicators and positive news sentiment, BR is likely to test the $237 level next week. The stock shows strong fundamentals with its recent strategic partnerships and market position.
Trading Recommendation: BUY
- Entry Point: Current market price ($235.33)
- Initial Target: $237.00 (+0.71%)
- Stop Loss: $233.50 (-0.78%)
The risk-reward ratio is favorable for a long position, supported by positive business developments and technical momentum.
BR Similar Chart Price Prediction
The price of BR is predicted to go up -3.97%, based on the high correlation periods with GGG. The similarity of these two price pattern on the periods is 97.7%.
BR
GGG
Down: -3.97%Similarity: 97.7%
BR Revenue Forecast
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BR VS S&P500
Broadridge has a dominant market share position on delivering proxies and interims to beneficial shareholders. Direct indexing and the rise of retail investing can support position growth.
During the financial crisis, Broadridge's equity position count was down only 2% in 2009, indicating that its business model is recession-resistant.
Broadridge's global technology and operations offerings are sticky, and with the move toward outsourcing, the firm should be able to grow faster than the addressable market.
BR Analyst's Forecast
Scott Wurtzel
Wolfe Research
Hold
2024-12-12
Price Target
n/a
Downside
0%
Wolfe Research analyst Scott Wurtzel assumed coverage of Broadridge with a Peer Perform rating and no price target. The firm finds Broadridge to be a "good fit" in its Business and Information Services coverage given its exposure to capital markets/financial services and recurring revenue profile, adding that it believes that the continued democratization of investing will help support recurring revenue growth. The analyst sees a fair value range of $240-$260 for the shares.
Peter Heckmann
DA Davidson
Hold
2024-12-10
Price Target
$210 → $215
Downside
-8.72%
Alex Kramm
UBS
Hold
2024-11-21
Price Target
$250
Upside
+6.87%
