CPT Price Prediction Next Week
Based on the provided data and technical analysis, here's the price prediction for CPT for the next trading week:
Technical Analysis
- Current price: $117.70
- Fibonacci levels show key resistance at $119.45 and support at $111.07
- RSI at 63.19 indicates moderate bullish momentum but not overbought
- MACD at 0.40 suggests positive momentum
- 20-day SMA at $112.99 and 200-day SMA at $114.28 indicate an overall upward trend
News Sentiment & Fundamental Factors
- Q4 2024 core FFO beat expectations at $1.73 per share
- Management expects supply pressures to lessen throughout 2025
- Plans for $750 million in acquisitions and dispositions to enhance portfolio diversity
- Top markets like Tampa, Southern California, and DC Metro expected to achieve 2-2.5% growth
Price Target for Next Week Based on technical indicators and recent fundamental developments:
- Bullish scenario (60% probability): $119.45-120.00
- Base scenario (30% probability): $115.50-117.70
- Bearish scenario (10% probability): $111.07-113.00
Trading Recommendation: BUY Entry point: Current market price ($117.70) Stop loss: $111.07 (Fibonacci S1) Target: $119.45 (Fibonacci R1)
Rationale: The positive Q4 results, improving supply-demand dynamics, and technical indicators suggest upward momentum. The stock is likely to test the first resistance level at $119.45 next week, supported by institutional buying interest and positive analyst ratings, including recent Buy ratings from Truist Financial and Barclays.
CPT Similar Chart Price Prediction
The price of CPT is predicted to go up 7.23%, based on the high correlation periods with MTR. The similarity of these two price pattern on the periods is 91.82%.
CPT
MTR
Up: 7.23%Similarity: 91.82%
CPT Revenue Forecast
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CPT Analyst's Forecast
Richard Hightower
Barclays
Buy
2025-01-24
Price Target
$138 → $126
Upside
+13.88%
Barclays lowered the firm's price target on Camden Property to $126 from $138 and keeps an Overweight rating on the shares as part of a Q4 earnings preview for the real estate investment trust group. It reduced apartment and single family rental estimates and targets across the board, which it says "hopefully" resets the bar for a beat-and-raise year in 2025.
Vikram Malhorta
Mizuho
Buy
2025-01-06
Price Target
$129 → $125
Upside
+10.17%
Linda Tsai
Jefferies
Hold
2024-10-11
Price Target
$123
Upside
+3.09%
