BRO Price Prediction Next Week
Technical Analysis
Recent price action shows BRO trading in a consolidation pattern between $110-112. The stock closed at $111.71 on Friday with moderate volume of 1.7M shares. The current price sits near the upper resistance level of this range.
News Sentiment Analysis
Recent news indicates positive developments:
- New options contracts available for April 17th with implied volatility of 18%, suggesting moderate market expectations for price movement
- Upcoming quarterly dividend of $0.15 payable on 2/12/25, representing a 0.57% annualized yield
Price Prediction for Next Week
Based on technical analysis and news sentiment:
Target Scenarios:
- Bullish Case (40% probability): Break above $112.31 could push price to $113.50
- Base Case (45% probability): Continue consolidation between $110.80-112.31
- Bearish Case (15% probability): Drop below $110.80 support to test $109.50
Trading Recommendation
SELL with target entry at current levels ($111.71):
- Short-term resistance at $112.31
- Technical indicators showing overbought conditions
- Volume declining during recent price increases
- Set stop loss at $112.50
- First profit target at $110.80
- Second profit target at $109.50
The relatively low implied volatility of 18% suggests limited potential for large price swings, making this a lower-risk trade setup for the coming week.
BRO Similar Chart Price Prediction
The price of BRO is predicted to go up 2.74%, based on the high correlation periods with SNY. The similarity of these two price pattern on the periods is 97.77%.
BRO
SNY
Up: 2.74%Similarity: 97.77%
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BRO Analyst's Forecast
Meyer Shields
Keefe, Bruyette & Woods
Sell
2025-01-10
Price Target
$99 → $97
Downside
-4.93%
Keefe Bruyette lowered the firm's price target on Brown & Brown to $97 from $99 and keeps an Underperform rating on the shares as part of a Q4 earnings preview for the property and casualty sector. The results will include slowing written commercial and specialty premium growth, as well as "significant but manageable" reinsured catastrophe losses from hurricanes, the analyst tells investors in a research note. Keefe mostly raised Q4 catastrophe loads for property and casualty insurers citing "persistent Helene loss creep."
Alex Scott
Barclays
Hold
2024-11-21
Price Target
$108 → $119
Upside
+5.09%
Mark Hughes
Truist Securities
Strong Buy
2024-10-30
Price Target
$116 → $118
Upside
+11.5%
