DRVN Price Prediction Next Week
Prediction and Recommendation for DRVN
Based on the analysis of technical indicators and recent news sentiment:
Technical Analysis:
- RSI (14): 61.43 (neutral, not overbought or oversold)
- MACD: 0.34 (slightly bullish)
- Stochastic Oscillator: %K (82.57) and %D (80.05) (overbought region)
- Fibonacci Levels: Pivot at 16.6900, resistance at 17.5500 and 18.0700, support at 15.8300 and 15.3100
News Sentiment:
- Analyst Ratings: Stifel Nicolaus maintains a Buy rating with a $22.00 price target, while the average analyst consensus suggests a Moderate Buy with a $19.91 price target.
- Insider Activity: Negative sentiment with increased insider selling, including a notable sale by Director Catherine Ann Halligan.
- Corporate Developments: Announced the sale of its U.S. car wash business for $385 million, aiming to reduce debt.
Price Prediction:
The stock is currently trading near its Fibonacci pivot level of 16.6900, with resistance at 17.5500. Given the overbought stochastic oscillator and mixed news sentiment, the stock is likely to face resistance and pull back.
Predicted Price for Next Trading Week: $16.50
Recommendation: Sell
DRVN Similar Chart Price Prediction
The price of DRVN is predicted to go up 8.36%, based on the high correlation periods with CTBI. The similarity of these two price pattern on the periods is 93.34%.
DRVN
CTBI
Up: 8.36%Similarity: 93.34%
DRVN Revenue Forecast
DRVN EPS Forecast
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DRVN Analyst's Forecast
Peter Keith
Piper Sandler
Buy
2025-02-26
Price Target
$19 → $22
Upside
+34.56%
Piper Sandler analyst Peter Keith raised the firm's price target on Driven Brands to $22 from $19 and keeps an Overweight rating on the shares following relatively in-line Q4 results. Importantly, the company announced the sale of the U.S. Car Wash business for 8-turns EBITDA, the firm notes. Driven Brands also announced a CEO transition. All in, while fundamentals and capital allocation have been disappointing in recent years, Driven Brands is clearly turning a page, says Piper.
Brian McNamara
Canaccord Genuity
Strong Buy
2025-02-26
Price Target
$21 → $23
Upside
+40.67%
Steven Shemesh
RBC Capital
Buy
2024-11-01
Price Target
$17 → $20
Upside
+35.59%
