DUK Price Prediction Next Week
Analysis and Insights
Technical Analysis:
Duke Energy (DUK) is currently trading near its Fibonacci pivot point of 118.75, with resistance levels at 120.97 and 122.34, and support levels at 116.53 and 115.15. The stock's Relative Strength Index (RSI) values (52.05 for RSI_6, 56.67 for RSI_12, and 57.06 for RSI_14) indicate that the stock is not overbought, suggesting potential for further upside. The MACD is positive at 1.64, and the Stochastic Oscillator shows %K at 74.65 and %D at 80.41, indicating a bullish trend.
News and Fundamental Analysis:
Duke Energy has recently launched three new programs to support electric vehicle (EV) adoption, which could positively impact the stock. The company reported strong Q4 earnings, with revenues exceeding expectations and a reaffirmed 2025 outlook, indicating management confidence in future growth.
Price Prediction and Recommendation:
Based on the analysis, Duke Energy's stock is expected to reach $120.50 in the next trading week. The bullish technical indicators and positive news suggest a buy recommendation.
DUK Similar Chart Price Prediction
The price of DUK is predicted to go up -9.53%, based on the high correlation periods with PAGP. The similarity of these two price pattern on the periods is 95.01%.
DUK
PAGP
Down: -9.53%Similarity: 95.01%
DUK Revenue Forecast
DUK EPS Forecast
DUK FAQs
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DUK VS S&P500
Duke's regulated utilities provide a stable source of earnings. The company's large capital expenditure plan should drive rate base and earnings growth for the next several years. We think Duke can achieve the high end of management's 5%-7% earnings growth target.
The company operates in constructive regulatory jurisdictions, which supports capital investment growth.
Duke's management team has focused on core regulated operations and moaty growth investments.
DUK Analyst's Forecast
Stephen Byrd
Morgan Stanley
Hold
2025-03-20
Price Target
$123 → $128
Upside
+6.52%
Morgan Stanley raised the firm's price target on Duke Energy to $128 from $123 and keeps an Equal Weight rating on the shares. The firm is updating its price targets for North American Regulated and Diversified Utilities/IPPs, the analyst tells investors. In February, utilities outperformed the S&P's -1.30% return, the firm says. Key takeaways from the firm's annual Energy & Power Conference includes continued strong demand from data centers; regulatory uncertainty in power markets; renewables defense with safe harboring, equipment onshoring, and rising return levels; and new generation build challenges, the firm notes.
Shahriar Pourreza
Guggenheim
Strong Buy
2025-03-05
Price Target
$132 → $135
Upside
+17.16%
Julien Dumoulin-Smith
Jefferies
Strong Buy
2025-02-21
Price Target
$129 → $132
Upside
+14.24%
