Stock Price Prediction

Technical Analysis: EAT's stock shows a strong upward momentum with the current price at $167.50, representing a +5.45% gain in the last trading session. The RSI-14 at 55.43 indicates a neutral position with room for further upside. The MACD line (5.24) is above the signal line (8.22), suggesting positive momentum, though the negative MACD histogram (-2.98) indicates some weakening.

Price Levels and Support/Resistance:

• Current Support: $159.69 (Fibonacci S1)
• Key Resistance: $173.32 (Fibonacci Pivot)
• Next Target: $186.94 (Fibonacci R1)

News Impact and Fundamental Drivers:

• Strong Q2 Performance: EAT reported impressive Q2 earnings of $2.80 per share, significantly beating estimates of $1.79
• Revenue Growth: Q2 sales reached $1.358 billion, exceeding analyst expectations of $1.240 billion
• Positive Guidance: Company raised FY25 guidance with revenues expected between $5.15-$5.25 billion and adjusted EPS of $7.50-$8.00
• Chili's Performance: Sales comps accelerated to +31%, driven by both new and returning customers

Next Week Price Prediction: Based on technical indicators and recent fundamental catalysts:

• Base Case (70% probability): $175-180
• Bullish Case (20% probability): $185-190
• Bearish Case (10% probability): $160-165

Trading Recommendation: BUY

• Entry Point: Current level ($167.50)
• Initial Target: $173.32 (Fibonacci Pivot)
• Stop Loss: $159.69 (Fibonacci S1)

Rationale:

1. Strong earnings momentum and raised guidance
2. Positive technical setup with room for upside
3. Analyst consensus remains bullish with recent price target upgrades
4. Zacks Rank #1 (Strong Buy) rating