DY Price Prediction Next Week
Analysis and Insights
Technical Analysis:
Dycom Industries (DY) is currently trading at $135.68 as of 2025-03-10, with a 14-day RSI of 23.97, indicating oversold conditions. The stock has significant support at $130.45 (Fibonacci S2) and resistance at $176.10 (Fibonacci R1). The MACD is bearish, but the oversold RSI suggests potential exhaustion of selling pressure.
Fundamental Analysis:
DY has announced a $150 million stock repurchase program, which is positive for shareholder value. However, the company faces challenges with declining revenues and negative insider sentiment. Analysts maintain a Strong Buy rating with a $220 target price, reflecting confidence in DY's long-term growth.
Event Impact:
The stock repurchase program has had a positive impact, with DY rising 3.58% in pre-market. However, broader market conditions and profit-taking have caused recent declines.
Conclusion:
Based on oversold conditions and the repurchase program, DY could see a short-term rebound. Predicted price target for next week: $142.50. Recommendation: Buy as a contrarian play, expecting a bounce from oversold levels.
DY Similar Chart Price Prediction
The price of DY is predicted to go up -16.16%, based on the high correlation periods with DAL. The similarity of these two price pattern on the periods is 98.2%.
DY
DAL
Down: -16.16%Similarity: 98.2%
DY Revenue Forecast
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DY Analyst's Forecast
Sangita Jain
Keybanc
Buy
2025-01-08
Price Target
$227 → $229
Upside
+27.93%
KeyBanc raised the firm's price target on Dycom to $229 from $227 and keeps an Overweight rating on the shares. The firm notes Dycom has benefited from favorable end market trends, backlog and margin revisions, and discounted valuation. KeyBanc further argues that Dycom offers three avenues to sustained double digits top-line growth - private fiber builds, emerging BEAD awards, and the rapidly emerging theme of additional fiber needs for AI DC. The firm believes the DC theme will extend the growth runway for Dycom and for now is not reflected in the valuation. The recent Lumen award is just a start and the firm could see the pace of announcements pick up and afford Dycom more investor interest given the DC angle.
Sangita Jain
Keybanc
Buy
2024-10-08
Price Target
$200 → $227
Upside
+19.39%
