CCCS Price Prediction Next Week
Analysis and Insights
Technical Analysis:
CCCS is currently trading at $9.19 as of March 10, 2025. The stock is in a bearish trend, with key technical indicators suggesting potential oversold conditions:
- RSI: The RSI values (11.45 for RSI6, 16.49 for RSI12, and 18.05 for RSI14) indicate that the stock is oversold, which may signal a potential rebound.
- Stochastic Oscillator: The %K (11.03) and %D (7.77) are also in oversold territory, supporting the possibility of a short-term bounce.
- MACD: The MACD (-0.43) and its histogram (-0.10) are negative, indicating bearish momentum.
Fibonacci Levels:
The Fibonacci levels suggest key resistance and support levels:
- Resistance: $10.60 (R1) and $11.02 (R2)
- Support: $9.22 (S1) and $8.79 (S2)
- Pivot: $9.91
News Sentiment and Analyst Ratings:
Recent news and analyst updates include:
- Morgan Stanley TMT Conference: CCCS presented on March 4, 2025, with no significant price movement following the event.
- BofA Coverage: Resumed coverage with a Buy rating and a $14 price target, citing AI growth potential despite lower organic revenue growth expectations.
- Evercore ISI: Maintained a Buy rating with a $15 target, while J.P. Morgan downgraded to Hold.
Price Prediction and Recommendation:
Based on the oversold RSI and Stochastic Oscillator, there is potential for a short-term rebound. However, the bearish MACD and mixed analyst sentiment suggest limited upside. The stock is likely to face resistance at $10.60.
Prediction: The stock price is expected to reach $10.50 by the end of the next trading week.
Recommendation: Sell if the stock approaches the resistance level, as further upside is limited.
CCCS Similar Chart Price Prediction
The price of CCCS is predicted to go up 2.17%, based on the high correlation periods with IPI. The similarity of these two price pattern on the periods is 99.02%.
CCCS
IPI
Up: 2.17%Similarity: 99.02%
CCCS Revenue Forecast
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CCCS Analyst's Forecast
Arvind Ramnani
Piper Sandler
Hold
2025-02-26
Price Target
$13 → $11
Upside
+6.69%
Piper Sandler lowered the firm's price target on CCC Intelligent Solutions to $11 from $13 and keeps a Neutral rating on the shares. The firm notes the company reported healthy Q4 results, with top-line and margins coming ahead of consensus. FY25 growth targets were provided with the midpoint beating consensus by $30.5M. However, the midpoint of EBITDA was lower than consensus by $12.3M, due to absorbing a moderate loss from EvolutionIQ, Piper adds.
Alexei Gogolev
JP Morgan
Buy → Hold
2025-02-26
Price Target
$14 → $11
Upside
+6.69%
Arvind Ramnani
Piper Sandler
Hold
2024-12-11
Price Target
$13
Upside
+5.14%
