EG Price Prediction Next Week
Technical Analysis: Based on recent price action, EG has shown a downward trend with increasing selling pressure. The stock has entered oversold territory with an RSI of 29.3, suggesting a potential technical bounce may occur.
Price Movement Analysis:
- Current price: $332.69
- Recent low: $331.62
- Recent high: $335.40
- Volume: 398,901 shares
News Impact:
- The company missed Q4 operating EPS expectations ($18.39 vs consensus of $17.42)
- Multiple analysts have maintained Hold ratings:
- Wells Fargo: $370 price target
- Evercore ISI: $409 price target
- Morgan Stanley downgraded to Equal Weight
- Barclays maintained Buy with $470 target
Next Week Price Projection: Based on technical indicators and recent news sentiment:
- Support level: $327-$330
- Resistance level: $340-$342
- Expected trading range: $328-$338
Price Target: $335 by end of next week
Recommendation: HOLD
- Current oversold conditions suggest avoiding further selling
- However, recent earnings miss and analyst downgrades indicate caution before establishing new long positions
- Wait for price stabilization and improved technical signals before considering new positions
The stock is likely to experience consolidation in the coming week as it works through the oversold conditions while digesting recent negative earnings news.
EG Similar Chart Price Prediction
The price of EG is predicted to go up 3.29%, based on the high correlation periods with AVA. The similarity of these two price pattern on the periods is 96.91%.
EG
AVA
Up: 3.29%Similarity: 96.91%
EG Revenue Forecast
EG EPS Forecast
EG FAQs
What is bull’s view on EG?
What is bear's view on EG?
What is EG revenue forecast for next quarter？
What is EG eps forecast for next quarter？
EG Analyst's Forecast
Michael Zaremski
BMO Capital
Buy → Hold
2025-01-30
Price Target
$453 → $375
Upside
+6.51%
BMO Capital downgraded Everest Group to Market Perform from Outperform with a price target of $375, down from $453. The firm says its recent upgrade to Outperform was predicated on Everest's business being less of a "turnaround" than what it learned yesterday. The analyst also estimates that given the complexity of the company's restructuring, consensus estimates will not lower the earnings run-rate deep enough. BMO's 2026 earnings estimates are 20% below the consensus. Everest's fixes will take many quarters or even years to play out before most investors will more clearly see the company as earning a mid-teens sustainable return on equity, the firm contends.
Elyse Greenspan
Wells Fargo
Hold
2025-01-14
Price Target
$390 → $380
Upside
+6.04%
Michael Zaremski
BMO Capital
Hold → Buy
2025-01-10
Price Target
$372 → $453
Upside
+28.14%
