CTRE Price Prediction Next Week
Analysis and Insights
Fundamental Analysis:
CareTrust REIT (CTRE) has recently received positive news with an analyst upgrade from Deutsche Bank, moving from Hold to Buy with a price target of $31. This upgrade reflects confidence in the company's growth prospects, particularly following the announcement of an $817 million acquisition of Care REIT plc. This strategic move is expected to enhance CTRE's portfolio and strengthen its market position.
Technical Analysis:
The stock is currently trading at $28.73, with a 14-day RSI of 67.76, indicating it is in overbought territory. The MACD is slightly bullish, suggesting some upward momentum. Key resistance levels are at $27.98, $28.69, and $29.83, while support levels are at $25.70 and $24.99.
Price Prediction:
Given the positive news and technical indicators, the stock is expected to reach $29.50 in the next trading week. The recommendation is to BUY as the overall trend remains bullish, supported by the recent acquisition and analyst upgrade.
CTRE Similar Chart Price Prediction
The price of CTRE is predicted to go up -7.59%, based on the high correlation periods with CSGP. The similarity of these two price pattern on the periods is 92.35%.
CTRE
CSGP
Down: -7.59%Similarity: 92.35%
CTRE Revenue Forecast
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CTRE Analyst's Forecast
John Kilichowski
Wells Fargo
Buy
2025-03-10
Price Target
$34 → $31
Upside
+20.11%
Wells Fargo lowered the firm's price target on CareTrust REIT to $31 from $34 following quarterly results as uncertainty is likely to continue. The firm keeps an Overweight rating on the shares.
Richard Anderson
Wedbush
Hold → Sell
2025-01-02
Price Target
$34 → $26
Downside
-1.96%
Juan Sanabria
BMO Capital
Buy → Hold
2024-12-09
Price Target
$34 → $32
Upside
+10.96%
