CMI Price Prediction Next Week
Based on the provided data and technical analysis, here is the prediction for CMI's stock price next week:
Technical Analysis
- Current RSI (14) is 58.59, indicating neutral momentum but slightly tilted towards bullish territory
- MACD is positive at 2.28, suggesting upward momentum
- Price is trading above both 20-day SMA ($358.96) and 200-day SMA ($313.18), confirming an overall uptrend
News Impact Analysis
- Upcoming Q4 earnings release on February 4, 2025, with analysts expecting EPS of $4.71, up 13.8% YoY
- Strong Q3 performance with EPS of $5.60, beating estimates by 14.5%
- Recent Trump energy policy changes could benefit CMI as it may slow EV transition and support demand for traditional engines
- Wall Street maintains "Moderate Buy" rating with mean price target of $382.53, suggesting 6.3% upside potential
Price Prediction for Next Week Based on Fibonacci levels:
- Resistance levels: R1: $372.08, R2: $377.36, R3: $385.91
- Support levels: S1: $354.97, S2: $349.69, S3: $341.13
- Pivot point: $363.52
Trading Recommendation BUY with following targets:
- Entry: Current market price
- First target: $372.08 (R1)
- Second target: $377.36 (R2)
- Stop loss: $354.97 (S1)
The stock shows strong fundamentals with positive technical indicators and upcoming earnings catalyst. The price is likely to test R1 level at $372.08 next week, with potential to reach R2 at $377.36 if earnings sentiment remains positive.
CMI Similar Chart Price Prediction
The price of CMI is predicted to go up -6.75%, based on the high correlation periods with PCH. The similarity of these two price pattern on the periods is 95.8%.
CMI
PCH
Down: -6.75%Similarity: 95.8%
CMI Revenue Forecast
CMI EPS Forecast
CMI FAQs
What is revenue forecast for next quarter？
What is eps forecast for next quarter？
CMI VS S&P500
Strong freight demand in the truck market should lead to more new truck orders, substantially boosting Cummins' revenue growth.
Cummins will benefit from increasing emissions regulation, pushing customers to buy emissions solutions, such as aftertreatment systems that turn engine pollutants into harmless emissions.
Increasing emission standards could push peers to rethink whether it's economically viable to continue manufacturing engines and components, benefiting Cummins.
CMI Analyst's Forecast
Jamie Cook
Truist Securities
Hold
Price Target
$424 → $425
Upside
+16.03%
Truist raised the firm's price target on Cummins to $425 from $424 and keeps a Hold rating on the shares as part of a broader research note previewing Q4 results for Machinery, Infrastructure Services, and Multi-Industry / Industrial Technology names. The firm notes that estimates for the sector are largely intact and Truist believes that consensus estimates for 2025 are reasonable, adding that the management outlooks will be cautiously optimistic with short cycle industrial destock over and organic growth improving as the year progresses, the analyst tells investors in a research note. In Machinery, there are still pockets of excess channel inventory like farm and construction equipment, while Infrastructure Services names will continue to benefit from secular growth tied to power generation, data centers, and broad-based infrastructure, the firm added.
Michael Feniger
B of A Securities
Sell → Hold
Price Target
$354 → $358
Upside
-1.72%
Kyle Menges
Citigroup
Strong Buy
Price Target
$415 → $435
Upside
+13.54%