CHTR Price Prediction Next Week
Based on the provided data and current market context, here's the analysis for CHTR's price prediction for next week:
Technical Analysis
The technical indicators show CHTR is currently trading at $350.05 with RSI(14) at 58.70, indicating a neutral to slightly bullish momentum. The stock is trading above both its 20-day moving average ($349.44) and 200-day moving average ($327.30), suggesting an overall upward trend.
Price Target Analysis Recent analyst updates show mixed sentiment:
- RBC Capital lowered target from $390 to $380
- BMO Capital maintained target at $500
- Exane BNP Paribas set target at $360
- Deutsche Bank raised target to $365
Fundamental Catalysts
- Q4 earnings release scheduled for January 31, 2025
- Expected non-GAAP EPS of $9.45, up 33.7% YoY
- Consensus revenue estimate of $13.7 billion
Price Projection for Next Week Based on Fibonacci levels:
- Support levels: $337.32, $329.24
- Resistance levels: $363.47, $371.55
- Pivot point: $350.40
Price Prediction Given the upcoming earnings catalyst and current technical setup:
- Base case (60% probability): $355-365 range
- Bullish case (25% probability): Break above $371.55
- Bearish case (15% probability): Drop to $337 support
The stock is likely to trade sideways with upward bias until earnings release, with potential for significant movement post-earnings. Key support at $337 should hold unless earnings disappoint significantly.
Buy/Sell Recommendation HOLD position until earnings. Consider buying on dips near $337 support level or breakout above $363.47 resistance with tight stop loss.
CHTR Similar Chart Price Prediction
The price of CHTR is predicted to go up -2.31%, based on the high correlation periods with IMO. The similarity of these two price pattern on the periods is 96.49%.
CHTR
IMO
Down: -2.31%Similarity: 96.49%
CHTR Revenue Forecast
CHTR EPS Forecast
CHTR FAQs
What is revenue forecast for next quarter？
What is eps forecast for next quarter？
CHTR VS S&P500
Like its cable peers, Charter's networks provide a platform to easily meet customers' growing bandwidth demands, which should drive market share gains and strong recurring cash flow.
As the second-largest US cable company, Charter has the scale to efficiently adapt to changes hitting the telecom industry. The firm will be a force in the wireless industry eventually.
Holding prices down to drive market share gains will pay huge dividends down the road, pushing costs lower and cementing Charter's competitive position.
CHTR Analyst's Forecast
Kohulan Paramaguru
Exane BNP Paribas
Sell → Hold
Price Target
$360
Upside
-7.69%
Exane BNP Paribas analyst Sam McHugh upgraded Charter to Neutral from Underperform with a $360 price target.
Jonathan Atkin
RBC Capital
Hold
Price Target
$345
Upside
+4.12%