CNH Price Prediction Next Week
Technical Analysis: CNH's stock has shown a clear downward trend in recent trading sessions. The stock closed at $11.73 on February 23rd, showing some recovery from previous lows but still maintaining bearish momentum.
News Impact:
- S&P Global recently revised CNH's outlook to negative, citing larger-than-expected revenue contraction in the agricultural equipment sector
- Revenue decline of 23% in 2024, with further contraction of around 18% expected in 2025
- EBITDA margins forecasted between 9.5-10.0% in 2025, below S&P's 11% target
Price Forecast for Next Week (Feb 24-Mar 1): Based on technical indicators and recent news:
Target Prices:
- Resistance: $12.00
- Support: $11.20
- Expected trading range: $11.30-$11.80
Price Prediction: $11.45 by end of next week
Recommendation: SELL Rationale:
- Deteriorating fundamentals with expected revenue contraction
- Negative S&P outlook
- Technical indicators showing continued bearish momentum
- Agricultural sector downturn likely to persist longer than initially expected
- Uncertainties in U.S. market (40% of revenue) due to potential tariffs
Target entry for short positions: Current levels ($11.73) Stop loss: $12.10
CNH Similar Chart Price Prediction
The price of CNH is predicted to go up 3.35%, based on the high correlation periods with COMM. The similarity of these two price pattern on the periods is 96.78%.
CNH
COMM
Up: 3.35%Similarity: 96.78%
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CNH Analyst's Forecast
Tami Zakaria
JP Morgan
Hold
2025-01-15
Price Target
$12 → $13
Upside
+5.95%
JPMorgan raised the firm's price target on CNH Industrial to $13 from $12 and keeps a Neutral rating on the shares as part of a Q4 earnings preview for the agricultural machinery and processors group. The firm increased price targets for the agriculture original equipment manufacturers, saying the group is a "good place to hide" in machinery should the macro narrative turn worse in the coming weeks.
Kyle Menges
Citigroup
Strong Buy
2025-01-14
Price Target
$14 → $13
Upside
+5.95%
Nicholas Green
Bernstein
Hold → Buy
2025-01-06
Price Target
$11 → $17
Upside
+38.55%
