EFX Price Prediction Next Week
Technical Analysis: Based on recent price action, EFX shows a clear downward trend with RSI at 31.93 indicating oversold conditions. The stock is trading below all major moving averages (5,10,20,60,200-day SMAs), suggesting strong bearish momentum.
Price Levels:
- Current price: $238.03
- Key resistance: $255.22 (Fibonacci R1)
- Key support: $237.70 (Fibonacci S1)
- Lower support: $232.29 (Fibonacci S2)
Technical Indicators:
- MACD (-5.53) shows bearish momentum with negative divergence
- Stochastic (5.21) indicates extremely oversold conditions
- Bollinger Bands show price near lower band (220.40), suggesting potential bounce
News Impact:
- Recent antitrust lawsuit must be faced by Equifax regarding verification services
- Deutsche Bank lowered price target to $268 from $285 but maintains Buy rating
- RBC Capital maintains Hold rating with $300 price target
Next Week Forecast: Based on technical analysis and recent news sentiment:
- Bearish scenario (60% probability): Price could test Fibonacci S2 at $232.29
- Neutral scenario (30% probability): Consolidation between $237-$246
- Bullish scenario (10% probability): Bounce to Fibonacci R1 at $255.22
Price Target for Next Week: $234-236 The stock is likely to continue its downward trend but may find temporary support around $234 level due to oversold conditions. The antitrust lawsuit adds additional pressure on the stock.
Recommendation: SELL Current technical indicators and negative news sentiment suggest further downside. Traders should wait for clear reversal signals before considering long positions.
EFX Similar Chart Price Prediction
The price of EFX is predicted to go up 0.72%, based on the high correlation periods with PNR. The similarity of these two price pattern on the periods is 96.21%.
EFX
PNR
Up: 0.72%Similarity: 96.21%
EFX Revenue Forecast
EFX EPS Forecast
EFX FAQs
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EFX VS S&P500
The workforce solutions segment is a fast-growing business built on unique data and can contribute meaningfully to earnings growth. Equifax can increase use cases in nonmortgage applications for income verification.
Equifax's businesses lines are capital-light, and incremental revenue tends to flow to the bottom line, generating high returns on invested capital and operating margin expansion.
Equifax's acquisitions can strengthen its moat and diversify its lines of business.
EFX Analyst's Forecast
Surinder Thind
Jefferies
Strong Buy
2025-01-15
Price Target
$340 → $300
Upside
+13.84%
Jefferies lowered the firm's price target on Equifax (EFX) to $300 from $340 and keeps a Buy rating on the shares. Among the credit bureaus, the firm expects Q4 revenues to top expectations for Equifax, FICO (FICO) and TransUnion (TRU), but says the focus will be on guidance. Despite the firm's above-consensus outlook for growth, it expects Equifax and TransUnion to guide "conservatively, and at best meet expectations," the analyst tells investors in a preview for the group.
Andy Grobler
Exane BNP Paribas
Hold → Buy
2024-12-16
Price Target
$305
Upside
+11.52%
Toni Kaplan
Morgan Stanley
Hold → Buy
2024-12-12
Price Target
$275 → $320
Upside
+20.39%
