CG Price Prediction Next Week
Technical Analysis: Based on the technical indicators, CG is showing mixed signals. The RSI(14) at 60.73 indicates moderate bullish momentum but not yet overbought. MACD at 1.33 suggests positive momentum. The stock is trading above both its 20-day (54.18) and 200-day (45.68) moving averages, indicating a strong uptrend.
Fibonacci Analysis: Current price at $56.09 is between Fibonacci support at $55.05 and resistance at $57.26. A break above $57.26 could target the next resistance at $57.94, while a breakdown below $55.05 may find support at $54.37.
News Impact: Recent positive developments include:
- Wells Fargo maintains Hold rating with $56 target
- Barclays raised price target to $62 with Buy rating
- Strong market cap of $20.09B with high P/E of 189.35
Additionally, Carlyle appointed Brad McCarthy as new Asia Pacific chief of global wealth division, showing expansion plans in the region.
Price Prediction for Next Week: Based on technical and news analysis:
- Bullish scenario (60% probability): Break above $57.26 targeting $57.94
- Bearish scenario (40% probability): Drop to support at $55.05
Trading Recommendation: BUY Entry: Current price $56.09 Target: $57.94 (+3.3%) Stop Loss: $54.37 (-3.1%)
Rationale:
- Strong uptrend confirmed by moving averages
- Positive analyst sentiment with higher price targets
- Strategic expansion in Asia Pacific region
- RSI showing room for further upside
- Risk/reward ratio favorable at 1.06
The stock is likely to continue its upward momentum next week based on positive technical indicators and fundamental developments.
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CG VS S&P500
The Carlyle Group, with $307.4 billion in fee-earning AUM at the end of December 2023, is one of the go-to firms for institutional and high-net-worth investors looking for exposure to alternative assets.
The company's increased scale, diversified product offerings, long track record of investment performance, and strong client relationships position it to perform well in a variety of market conditions.
Customer demand for alternatives has increased, with institutional investors in the category limiting the number of providers they use-both positives for the firm's business model.
CG Analyst's Forecast
Benjamin Budish
Barclays
Buy
Price Target
$59 → $60
Upside
+18.72%
Barclays analyst Benjamin Budish raised the firm's price target on Carlyle to $60 from $59 and keeps an Overweight rating on the shares as part of a Q4 earnings preview for asset managers. The firm says we continue to get closer to a "normal" market environment, with the initial public offering and merger markets "showing signs of life though it seems we are still in a ramping period."
Benjamin Budish
Barclays
Buy
Price Target
$57 → $59
Upside
+11.66%
Glenn Schorr
Evercore ISI Group
Hold
Price Target
$45 → $47
Upside
-3.33%