CLBT Price Prediction Next Week
Analysis and Insights
News Sentiment and Recent Developments:
Cellebrite (CLBT) has seen positive developments recently, with analysts raising price targets and the company securing contracts. Deutsche Bank and Lake Street have increased their price targets, signaling confidence in CLBT's performance. Additionally, Georgia's contract renewal for digital forensics software highlights strong demand for CLBT's products.
Technical Indicators:
- RSI: CLBT's RSI is 41.85, indicating the stock is in oversold territory, suggesting a potential rebound.
- MACD: The MACD is slightly negative but close to crossing upwards, hinting at a bullish signal.
- Fibonacci Levels: Support at $16.55 and resistance at $18.63, with a pivot at $17.59.
- Bollinger Bands: The stock is near the lower band, suggesting a possible bounce.
Price Forecast:
Given the positive news and oversold technical indicators, CLBT is expected to rise to $19.28 next week.
Recommendation
Buy CLBT as it is likely to rebound from oversold levels, targeting $19.28.
CLBT Similar Chart Price Prediction
The price of CLBT is predicted to go up 28.14%, based on the high correlation periods with OPI. The similarity of these two price pattern on the periods is 99.12%.
CLBT
OPI
Up: 28.14%Similarity: 99.12%
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CLBT Analyst's Forecast
Brian Essex
JP Morgan
Buy
2025-02-11
Price Target
$24 → $28
Upside
+15.7%
JPMorgan analyst Brian Essex raised the firm's price target on Cellebrite to $28 from $24 and keeps an Overweight rating on the shares as part of a Q4 earnings preview for the security software group. The firm thinks growth will continue to accelerate for Cellebrite and expects its ongoing platform expansion, deeper government penetration, and migration to its subscription platform will result in better long-term fundamental strength.
Jeff Van Rhee
Craig-Hallum
Strong Buy
2024-09-25
Price Target
$20 → $23
Upside
+38.35%
Shaul Eyal
TD Cowen
Strong Buy
2024-09-23
Price Target
$20 → $23
Upside
+32.95%
