ESAB Price Prediction Next Week
ESAB Stock Price Prediction and Recommendation
Based on the analysis of news sentiment and technical indicators, the stock price of ESAB is expected to reach $124.50 in the next trading week.
Key Factors Influencing the Prediction:
Analyst Sentiment:
- J.P. Morgan maintained a Buy rating with a price target of $133, while Robert W. Baird also issued a Buy rating. Evercore ISI upgraded ESAB to Hold with a price target of $120.
- Analysts' positive outlook suggests confidence in ESAB's growth potential.
Earnings Performance:
- ESAB reported strong Q4 results with adjusted EPS of $1.28, exceeding consensus estimates. However, revenue fell slightly below expectations.
- The company projects 2025 adjusted EPS between $5.10 and $5.25, slightly below the consensus estimate of $5.38.
Technical Indicators:
- The stock is trading above its 20-day and 50-day moving averages, indicating bullish momentum.
- The RSI (14) is at 49.51, suggesting the stock is in a neutral zone, not overbought or oversold.
- The MACD is slightly bearish, but the overall trend remains positive.
Fibonacci Levels:
- The stock is currently trading near the Fibonacci pivot level of $121.14.
- Immediate resistance levels are at $125.62 and $128.39, while support levels are at $116.65 and $113.88.
Price Target and Recommendation:
Given the positive analyst sentiment, strong earnings performance, and supportive technical indicators, ESAB is expected to trend upward in the short term. The stock is likely to test the resistance level of $125.62 in the next trading week.
Recommendation: Buy with a target price of $124.50.
ESAB Similar Chart Price Prediction
The price of ESAB is predicted to go up 6.38%, based on the high correlation periods with SFNC. The similarity of these two price pattern on the periods is 94.11%.
ESAB
SFNC
Up: 6.38%Similarity: 94.11%
ESAB Revenue Forecast
ESAB EPS Forecast
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ESAB VS S&P500
On an organic revenue basis, ESAB has outgrown its two main competitors since 2018.
ESAB has delivered steady and impressive margin expansion, having more than doubled its adjusted operating margin since 2012.
Automation and digital solutions have the potential to reinforce ESAB's moat and deliver revenue growth well above the core welding growth rate.
ESAB Analyst's Forecast
Saree Boroditsky
Jefferies
Strong Buy
2024-12-12
Price Target
$160
Upside
+24.94%
Jefferies initiated coverage of ESAB with a Buy rating and $160 price target. The firm sees a recovery in manufacturing sentiment, bolstered by the potential for lower interest rates, reduced corporate taxes, and deregulation. In the context of this view, the analyst says ESAB is in the early innings of its refreshed product portfolio with another 200 basis points-plus of margin expansion by 2028.
Nathan Jones
Stifel
Strong Buy → Hold
2024-11-18
Price Target
$138 → $130
Upside
+6.24%
David Raso
Evercore ISI Group
Hold → Sell
2024-11-13
Price Target
$102 → $122
Downside
-5.38%
