CLX Price Prediction Next Week
Technical Analysis
CLX has shown a downward trend in recent trading sessions, with the stock closing at $157.19 on February 21, 2025. The stock has formed a bearish pattern with lower highs and lower lows over the past week.
Recent Performance & News Impact
- CLX reported Q2 results on February 3, with revenue of $1.7 billion beating estimates of $1.6 billion and adjusted EPS of $1.55 surpassing expectations of $1.39
- Despite strong results, shares declined over 7% following the earnings announcement, indicating market concerns about future growth
Key Technical Indicators
- Current price ($157.19) is trading below recent highs of $171.37
- Stock entered oversold territory with RSI reading of 29.98 in early February
- Volume has increased during recent declines, suggesting strong selling pressure
Fundamental Factors
- Company faces challenges including:
- Post-pandemic demand misinterpretation
- Escalating inflation impacts
- Cyberattack-related distribution losses
- Unfavorable foreign exchange rates
- However, positive factors include:
- Nine consecutive quarters of gross margin expansion
- Updated FY2025 EPS guidance of $6.95-$7.35
- Organic sales growth projection of 3-5%
Price Prediction for Next Week Based on technical analysis and recent news sentiment:
- Support level: $155
- Resistance level: $162
- Expected trading range: $154-$163
Target Price: $160 by end of next week
Recommendation: HOLD
- Current oversold conditions and strong fundamentals suggest limited downside
- However, wait for clear reversal signals before establishing new long positions
- Short-term traders should wait for price stabilization above $160 before considering buy entries
CLX Similar Chart Price Prediction
The price of CLX is predicted to go up -13.16%, based on the high correlation periods with GLDG. The similarity of these two price pattern on the periods is 96.85%.
CLX
GLDG
Down: -13.16%Similarity: 96.85%
CLX Revenue Forecast
CLX EPS Forecast
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CLX VS S&P500
The rising globalization of travel and the potential for ensuing illnesses, like covid-19, could bolster demand for disinfectant offerings, aiding cleaning sales, about one third of Clorox's base, over a longer time than we currently anticipate.
Investments to build out its digital capabilities and streamline its operating model could serve to inflate margins beyond the high-teens levels that have historically characterized the business.
By building out its wipes supply chain internationally, Clorox could realize more profitable growth abroad longer term.
CLX Analyst's Forecast
Lauren Lieberman
Barclays
Sell
2025-01-17
Price Target
$139 → $130
Downside
-18.89%
Barclays lowered the firm's price target on Clorox to $130 from $139 and keeps an Underweight rating on the shares as part of a consumer staples Q4 earnings preview. Put simply, "it feels like there aren't many places to hide in Staples these days," the analyst tells investors in a research note.
Andrea Teixeira
JP Morgan
Hold
2025-01-16
Price Target
$167 → $171
Upside
+6.69%
Chris Carey
Wells Fargo
Sell → Hold
2025-01-07
Price Target
$155 → $157
Downside
-1.69%
