CIGI Price Prediction Next Week
Analysis and Insights
Technical Analysis:
The stock price of Colliers International Group (CIGI) is currently trading at $123.76 as of 2025-03-10. Based on the technical indicators:
- RSI (14): 36.13, indicating the stock is in oversold territory.
- MACD: -3.19, showing bearish momentum.
- 200-Day Moving Average: The stock is currently below this level, suggesting bearish sentiment.
Fibonacci Levels:
- Resistance Levels: $129.72 (R1), $132.03 (R2), $135.77 (R3)
- Support Levels: $122.24 (S1), $119.92 (S2), $116.18 (S3)
News Sentiment:
- CIBC Coverage Initiation: CIBC has initiated coverage with an Outperformer rating and a price target of $160, citing improved earnings and potential valuation upside.
- Scotiabank Price Target Adjustment: Scotiabank lowered the price target to $166 from $170 but maintained an Outperform rating.
Price Prediction:
Based on the analysis, the stock is expected to trade between $122.00 and $124.00 next week. The bearish technical indicators and the stock's position below the 200-day moving average suggest a potential decline.
Recommendation:
Sell CIGI at the current price of $123.76, as the stock is likely to test the lower Fibonacci support levels next week. Consider buying if the stock dips to the $122.00 level.
CIGI Similar Chart Price Prediction
The price of CIGI is predicted to go up 15.67%, based on the high correlation periods with WES. The similarity of these two price pattern on the periods is 98.27%.
CIGI
WES
Up: 15.67%Similarity: 98.27%
CIGI Revenue Forecast
CIGI EPS Forecast
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CIGI Analyst's Forecast
Julien Blouin
Goldman Sachs
Hold
2024-12-06
Price Target
$170
Upside
+12%
Goldman Sachs initiated coverage of Colliers International with a Neutral rating and $170 price target. The firm likes Colliers' improving margins, high recurring revenue mix and the consistency of its execution that results in "strong" balance sheet and cash flow generation, but believes the stock's valuation already reflects these traits. It could become more positive on the shares if assets under movement growth were to meaningfully improve and/or if its engineering expansion resulted in a stronger growth profile.
Jimmy Shan
RBC Capital
Buy
2024-10-21
Price Target
$160 → $174
Upside
+16.63%
