CADE Price Prediction Next Week
Analysis and Insights
Technical Analysis:
CADE's stock is currently showing signs of potential reversal after a recent decline. The Relative Strength Index (RSI) is at 34.89, indicating oversold conditions, while the MACD is showing a bearish crossover. The Fibonacci levels suggest key support at $29.14 (S1) and resistance at $32.64 (R1).
Fundamental Analysis:
Morgan Stanley recently lowered its price target for CADE to $42 from $46, citing economic uncertainty and slower growth in the banking sector. Despite this, CADE reported strong Q4 earnings, with EPS of $0.70 beating consensus estimates of $0.68. The company also announced a 10% dividend increase, reflecting confidence in its financial health.
Event Impact Assessment:
The recent earnings report and dividend increase are positive catalysts, but broader sector challenges, including policy uncertainty and slower economic growth, could weigh on the stock in the near term.
Conclusion:
Based on the technical and fundamental analysis, CADE is expected to test the Fibonacci resistance level of $32.64 in the next trading week. The stock is likely to experience a short-term bounce due to oversold conditions and positive earnings momentum.
Predicted Price: $32.50
Recommendation: Buy
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CADE Analyst's Forecast
Manan Gosalia
Morgan Stanley
Buy
2025-03-13
Price Target
$46 → $42
Upside
+43.05%
Morgan Stanley lowered the firm's price target on Cadence Bank to $42 from $46 and keeps an Overweight rating on the shares. The firm is reducing its estimates on Midcap Banks in North America under its coverage given higher uncertainty and slower economic growth outlook, the analyst tells investors. Trade and tariff policy changes are occurring sooner and more forcefully than previously anticipated, Morgan Stanley states. Additionally, the firm notes a slower pace of economic growth and higher level of policy uncertainty is a headwind for the sector, leading to many price target cuts in the group.
Jared Shaw
Barclays
Hold → Buy
2024-12-19
Price Target
$41 → $44
Upside
+30.41%
Gary Tenner
DA Davidson
Strong Buy
2024-10-23
Price Target
$36 → $40
Upside
+18.27%
