DORM Price Prediction Next Week
Analysis and Insights
To predict the stock price of Dorman Products (DORM) for the next trading week, we analyze both fundamental and technical factors.
Fundamental Analysis:
Insider Activity: Recent insider sales, including a significant sale by SVP Jeffery Darby, indicate negative sentiment among insiders. This could signal a lack of confidence in short-term performance.
Institutional Movements: While 171 institutional investors increased their positions, 151 reduced theirs, reflecting mixed sentiment.
Analyst Ratings: Scott Stember from Roth MKM maintains a Buy rating with a price target of $153, and the stock has a Moderate Buy consensus.
Technical Analysis:
- Current Price: $127.66 as of 2025-03-24.
- RSI (14): 45.89, indicating a neutral position but nearing oversold territory.
- MACD: Slightly negative, suggesting bearish momentum.
- Fibonacci Levels: Resistance at $128.28 and support at $123.56.
Price Prediction:
Given the mixed sentiment and technical indicators, DORM is expected to face resistance but may slightly increase. The predicted price for the next trading week is $128.50.
Recommendation:
Buy. The stock is below the analyst target, suggesting potential upside despite short-term challenges.
DORM Similar Chart Price Prediction
The price of DORM is predicted to go up 1.15%, based on the high correlation periods with RAIL. The similarity of these two price pattern on the periods is 92.8%.
DORM
RAIL
Up: 1.15%Similarity: 92.8%
DORM Revenue Forecast
DORM EPS Forecast
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DORM Analyst's Forecast
Scott Stember
Roth MKM
Strong Buy
2024-11-04
Price Target
$126 → $153
Upside
+14.41%
Roth MKM analyst Scott Stember raised the firm's price target on Dorman Products to $153 from $126 and keeps a Buy rating on the shares, saying Roth MKM "remains highly constructive" on the stock following "blowout" Q3 earnings. With no signs of a slowdown in Light Duty demand, a near-bottoming in the Heavy Duty segment, and an elevated margin profile, the firm anticipates a continuation of significant earnings growth in Q4 and heading into FY25 , the analyst tells investors in a research note.
