CON Price Prediction Next Week
Analysis and Insights
To predict the stock price of Concentra Group Holdings Parent Inc. (CON) for the next trading week, we analyze both technical and fundamental factors.
Fundamental Analysis:
- Analyst Sentiment: Goldman Sachs recently raised the price target for CON from $24 to $26, maintaining a Buy rating. This reflects confidence in the company's performance and future prospects.
- Valuation: The stock is currently trading at $21.4, below the new target of $26, indicating potential upside.
Technical Analysis:
- RSI: The Relative Strength Index (RSI) for CON is around 35-37, indicating oversold conditions and a potential rebound.
- MACD: The MACD is slightly negative but nearing a bullish crossover, suggesting a possible upward trend.
- Fibonacci Levels: Support is at $20.53, with resistance at $22.06. The stock is near support, which may act as a floor.
News Impact:
- The integration of AI in cars, while not directly related to CON, reflects positive market trends.
- The upcoming ex-dividend date may cause a slight price drop, but the effect is typically minimal.
Price Prediction:
Based on the analysis, the stock is undervalued with positive analyst sentiment and oversold conditions. The predicted price target for the next trading week is $22.50.
Recommendation:
Buy CON as it is undervalued with potential for a rebound.
CON Similar Chart Price Prediction
The price of CON is predicted to go up 1.55%, based on the high correlation periods with TFSL. The similarity of these two price pattern on the periods is 97.46%.
CON
TFSL
Up: 1.55%Similarity: 97.46%
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CON Analyst's Forecast
Lisa Gill
JP Morgan
Buy
2025-03-19
Price Target
$29 → $30
Upside
+42.93%
JPMorgan analyst Lisa Gill raised the firm's price target on Concentra to $30 from $29 and keeps an Overweight rating on the shares. Following Q4 earnings, the firm is updating its estimates, noting that for 2025 it increased its revenue estimate to $2.115B and its adjusted EBITDA estimate to $420M while also increasing its 2026 revenue and adjusted EBITDA estimates.
Joanna Gajuk
B of A Securities
Strong Buy
2025-01-23
Price Target
$24 → $25
Upside
+5.93%
