CRBG Price Prediction Next Week
Analysis and Insights
News and Fundamental Analysis:
Corebridge Financial (CRBG) has recently received positive news with Morgan Stanley upgrading its outlook to "Overweight" and raising its price target to $43, indicating a 30% upside potential. This upgrade reflects the company's strategic shift toward fee-based earnings, which is expected to drive long-term growth and reduce reliance on spread-based earnings.
Technical Analysis:
The current price of CRBG is $31.71. Key technical indicators include:
- RSI (14-period): 45.27, indicating the stock is approaching oversold territory.
- MACD: The MACD line is slightly above the signal line, suggesting weak bullish momentum.
- Bollinger Bands: The stock is near the lower band, indicating potential undervaluation.
- Fibonacci Levels: Resistance at $34.79 (R1) and $35.92 (R2), with support at $31.14 (S1) and $30.01 (S2).
Price Prediction and Recommendation:
Based on the analysis, CRBG is expected to experience a slight rebound next week. The stock is likely to reach $33.50. Given the oversold conditions and positive news, it is recommended to BUY CRBG with a target price of $33.50.
CRBG Similar Chart Price Prediction
The price of CRBG is predicted to go up -18.9%, based on the high correlation periods with BGT. The similarity of these two price pattern on the periods is 95.86%.
CRBG
BGT
Down: -18.9%Similarity: 95.86%
CRBG Revenue Forecast
CRBG EPS Forecast
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CRBG Analyst's Forecast
Elyse Greenspan
Wells Fargo
Buy
2025-02-19
Price Target
$35 → $38
Upside
+13.26%
Wells Fargo analyst Elyse Greenspan raised the firm's price target on Corebridge to $38 from $35 and keeps an Overweight rating on the shares. The firm updated estimates in the life insurance group post the Q4 reports. Wells left the Q4 earnings favoring the more defensive names within the life sector. Its top life idea is Unum Group (UNM).
Jack Matten
BMO Capital
Buy
2025-01-23
Price Target
$43
Upside
+31.74%
Elyse Greenspan
Wells Fargo
Buy
2025-01-14
Price Target
$37 → $35
Upside
+7.23%
