DUK Price Prediction Next Week
Technical Analysis: Duke Energy's stock shows a bullish trend based on recent price movements and technical indicators.
The stock has formed a strong support level around $116.00 after Q4 earnings release. The recent trading volume indicates increasing institutional interest, particularly following the company's solid Q4 2024 results with EPS of $1.66 and revenues of $7.36 billion.
News Sentiment & Fundamental Drivers:
- Strong Q4 performance with revenue beating consensus at $7.36 billion
- Reaffirmed FY25 outlook with adjusted EPS guidance of $6.17-$6.42
- Increasing electricity demand driven by AI data centers, projected to reach 11% of U.S. consumption by 2030
- $83 billion five-year capital plan to fund new generation capacity
Price Projection for Next Week (March 4-8, 2025): Based on technical analysis and positive fundamental catalysts:
- Support level: $115.50
- Resistance level: $118.50
- Target price: $117.75
Trading Recommendation: BUY with entry point at current levels ($116.00)
- Short-term target: $117.75 (+1.5%)
- Stop loss: $115.00 (-0.9%)
The recommendation is supported by:
- Strong fundamental outlook with growing electricity demand
- Positive Q4 results and maintained guidance
- Technical indicators showing upward momentum
- Defensive nature of utilities sector providing stability
DUK Similar Chart Price Prediction
The price of DUK is predicted to go up 2.83%, based on the high correlation periods with XYL. The similarity of these two price pattern on the periods is 96.02%.
DUK
XYL
Up: 2.83%Similarity: 96.02%
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
Shahriar Pourreza
Guggenheim
Strong Buy
2025-03-05
Price Target
$132 → $135
Upside
+17.16%
Guggenheim raised the firm's price target on Duke Energy to $135 from $132 and keeps a Buy rating on the shares. The firm's recent meetings with members of the C-suite reinforced a "constructive view," the analyst tells investors. Duke management remains "laser-focused" on improving the balance sheet and credit metrics in the near-term and mentioned the possibility of providing a more granular FFO/debt target range beyond 2025, the analyst noted.
Julien Dumoulin-Smith
Jefferies
Strong Buy
2025-02-21
Price Target
$129 → $132
Upside
+14.24%
Stephen Byrd
Morgan Stanley
Hold
2024-11-22
Price Target
$122 → $118
Upside
+2.88%
