DFS Price Prediction Next Week
Technical Analysis Based on the technical indicators, DFS is showing strong momentum with RSI at 74.17, indicating slightly overbought conditions. The MACD (6.24) and its histogram (2.55) are both positive, suggesting bullish momentum. The 20-day SMA at 181.62 serves as a near-term support level.
News Impact Recent earnings report showed strong performance with 41% growth in net income year over year. The company demonstrated healthy credit demand despite a modest slowdown in US card sales. The pending merger with Capital One, expected to close early in 2025, continues to be a significant catalyst.
Price Forecast for Next Week Based on Fibonacci levels, key resistance levels are:
- R1: $200.88
- R2: $209.28
- R3: $222.88
Support levels:
- S1: $173.68
- S2: $165.28
- S3: $151.68
Trading Recommendation Given the strong fundamentals, positive technical indicators, and upcoming merger catalyst, DFS is likely to test the R1 level at $200.88 next week. However, with RSI showing overbought conditions, traders should be cautious of potential short-term pullbacks.
Price Target: $205-210 range Recommendation: HOLD current positions or BUY on pullbacks to $187-190 range. Set stop-loss below S1 at $172.
DFS Similar Chart Price Prediction
The price of DFS is predicted to go up 1.84%, based on the high correlation periods with RHI. The similarity of these two price pattern on the periods is 96.96%.
DFS
RHI
Up: 1.84%Similarity: 96.96%
DFS Revenue Forecast
DFS EPS Forecast
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DFS VS S&P500
Discover has consistently been able to generate returns on equity that are among the highest of its peers.
Discover's credit card receivables growth has been above the industry average for some time now. This outperformance continued even in 2020 when its receivables balance shrank less than its peers'.
Discover has made good progress in improving its deposit base through online savings accounts and more recently online checking.
DFS Analyst's Forecast
Karl Shepard
RBC Capital
Hold
Price Target
$193 → $210
Upside
+3.91%
RBC Capital raised the firm's price target on Discover (DFS) to $210 from $193 and keeps a Sector Perform rating on the shares after its Q4 earnings beat. The firm notes that the company's core trends were solid, with continued improvement in credit and a lower provision driving trends, and its pace of revenue growth strengthened compared to last year, while its higher expense levels remain a modest but manageable headwind, the analyst tells investors in a research note. RBC also remains optimistic that Discover's merger with Capital One (COF) can close in early 2025.
Terry Ma
Barclays
Buy
Price Target
$186 → $209
Upside
+3.41%
Donald Fandetti
Wells Fargo
Hold
Price Target
$185 → $214
Upside
+5.89%