DRS Price Prediction Next Week
Analysis and Insights
News Impact Analysis:
European Defense Surge: European defense stocks, including Leonardo DRS (DRS), have seen significant gains following a London summit where leaders proposed a peace plan for Ukraine. This has led to increased investor confidence in the defense sector, with DRS stock rising alongside others like Rheinmetall and BAE Systems.
U.S. Navy Partnership: Leonardo DRS announced the successful delivery of next-generation Integrated Voice Communication Systems (IVCS) to the U.S. Navy. This underscores the company's strong partnership with the Navy and its role in providing advanced communication technologies.
Dividend Announcement: DRS declared a quarterly dividend of $0.09 per share, indicating financial stability and a commitment to returning value to shareholders.
Technical Analysis:
- RSI (14): 48.70, indicating the stock is near the lower end of the neutral zone but not oversold.
- MACD: Slightly negative (-0.93) but showing signs of a potential bullish crossover.
- Fibonacci Levels:
- R1: $31.24
- R2: $31.98
- R3: $33.18
- S1: $28.84
- S2: $28.10
- S3: $26.90
- Moving Averages: The stock is trading above the 20-day SMA ($30.92) but slightly below the 50-day SMA ($33.12).
Price Prediction:
Based on the positive news sentiment and technical indicators, DRS is expected to rise to $33.18 by the end of the next trading week. The stock is likely to break above the current resistance level of $31.24, driven by continued strength in the defense sector and positive earnings momentum.
Recommendation:
Buy DRS at the current price of $31.4, with a target price of $33.18. The combination of positive news flow and favorable technical indicators suggests a bullish outlook for the stock in the short term.
DRS Similar Chart Price Prediction
The price of DRS is predicted to go up 28.28%, based on the high correlation periods with FSLY. The similarity of these two price pattern on the periods is 98.08%.
DRS
FSLY
Up: 28.28%Similarity: 98.08%
DRS Revenue Forecast
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DRS Analyst's Forecast
Michael Ciarmoli
Truist Securities
Strong Buy
2025-01-14
Price Target
$36 → $37
Upside
+0.52%
Truist analyst Michael Ciarmoli raised the firm's price target on Leonardo DRS to $37 from $36 and keeps a Buy rating on the shares as part of a broader research note previewing 2025 for the Aerospace & Defense industry. The new year feels like "groundhog day", with 2024 investors' sentiment bullish on an aero OEM production recovery while turning bearish on the aftermarket rally, the analyst tells investors in a research note. The firm adds however that while aircraft production is likely to improve in 2025 off an easy comp, planned production rates increases are not materializing as fast as expected and we think the aftermarket still has legs. Truist further notes that within the Defense sector, the November Election and announcement of DOGE weighed on performance, though the sell-off has also created an attractive entry point.
Peter Arment
Baird
Buy
2024-10-31
Price Target
$30 → $40
Upside
+33.02%
Ronald Epstein
B of A Securities
Strong Buy → Hold
2024-09-24
Price Target
$26 → $30
Upside
+10.46%
