EMR Price Prediction Next Week
Analysis and Insights
News and Event Impact:
Emerson Electric Co. (EMR) has recently completed the acquisition of Aspen Technology, positioning itself as a leader in industrial automation and software. This strategic move is expected to drive revenue growth, margin expansion, and shareholder value. The acquisition aligns with EMR's focus on software-defined control and high-margin markets, which has been well-received by investors.
Technical Analysis:
EMR's stock closed at $118.41 on March 7, with a 1.95% increase during regular market hours. The stock is trading near its Fibonacci pivot point of $118.02, with resistance levels at $121.99 and $124.44, and support levels at $114.04 and $111.59.
The Relative Strength Index (RSI) for EMR is at 42.98 (RSI_12) and 42.82 (RSI_14), indicating the stock is not overbought or oversold. The MACD is slightly bearish at -2.43, but the recent price movement suggests short-term bullish momentum.
Price Prediction:
Based on the Fibonacci levels and recent bullish momentum, EMR is expected to test the resistance level of $124.44 in the next trading week. The stock is likely to trade in the range of $121.55 to $124.52, with a target price of $124.50.
Buy/Sell Recommendation:
Buy EMR at the current price of $118.41, with a target price of $124.50. The stock is expected to benefit from the Aspen Technology acquisition and strong earnings momentum.
EMR Similar Chart Price Prediction
The price of EMR is predicted to go up 14.44%, based on the high correlation periods with YPF. The similarity of these two price pattern on the periods is 97.79%.
EMR
YPF
Up: 14.44%Similarity: 97.79%
EMR Revenue Forecast
EMR EPS Forecast
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EMR VS S&P500
Emerson is the undisputed king of process automation with the industry's largest installed base in the Americas.
AspenTech gives Emerson a far firmer footing in the enviable industrial software market and fits in nicely with its automation portfolio and other software assets.
Emerson's sale of climate tech to Blackstone should unlock shareholder value.
EMR Analyst's Forecast
Stephen Tusa
JP Morgan
Hold
2025-01-15
Price Target
$137 → $135
Upside
+11.83%
JPMorgan lowered the firm's price target on Emerson to $135 from $137 and keeps a Neutral rating on the shares. The firm updated models in the electrical equipment and multi-industry space ahead of the Q4 reports.
Saree Boroditsky
Jefferies
Strong Buy
2024-12-12
Price Target
$160
Upside
+30.95%
Ken Newman
Keybanc
Buy
2024-12-09
Price Target
$140 → $158
Upside
+29.32%
