ESS Price Prediction Next Week
Technical Analysis
ESS has formed a bearish trend in the short term, with the stock price declining from $291.86 to $288.37 last week . The stock is showing signs of weakness with increasing selling pressure.
News Sentiment Analysis Recent analyst coverage indicates mixed sentiment:
- Evercore ISI maintains Hold rating with $302 price target
- Wedbush also maintains Hold with $307 target
- The consensus price target stands at $311.64, suggesting a potential 8% upside
Fundamental Factors
- Market cap: $19.46B
- P/E ratio: 25.32
- Strong earnings performance with recent EPS beats
- Positive growth outlook amid market recovery and strategic acquisitions
Price Prediction for Next Week Based on technical analysis and current market conditions:
- Resistance level: $293.80
- Support level: $287.70
- Expected trading range: $285-295
Target Scenarios:
- Bearish case (60% probability): Drop to $285 due to continued selling pressure
- Neutral case (30% probability): Consolidation around $288-290
- Bullish case (10% probability): Bounce to $295 if market sentiment improves
Recommendation: SELL
- Current technical indicators suggest continued downward pressure
- Stock is trading below key moving averages
- Increasing volume on down days indicates strong selling pressure
- Set stop-loss at $293 if holding long positions
ESS Similar Chart Price Prediction
The price of ESS is predicted to go up 0.46%, based on the high correlation periods with EQR. The similarity of these two price pattern on the periods is 94.66%.
ESS
EQR
Up: 0.46%Similarity: 94.66%
ESS Revenue Forecast
ESS EPS Forecast
ESS FAQs
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ESS VS S&P500
Essex's portfolio benefits from strong job and income growth and limited supply growth in its attractive West Coast markets.
Essex's high-quality assets should see relatively consistent long-term demand from high-income earners and will likely see just a small hit to fundamentals during the current pandemic, as most residents have not experienced job losses.
Supply growth should be kept in check as rising construction costs and tighter lending standards should reduce the number of projects that are started.
ESS Analyst's Forecast
Richard Hightower
Barclays
Hold
2025-02-19
Price Target
$302 → $304
Upside
+4.4%
Barclays raised the firm's price target on Essex Property Trust to $304 from $302 and keeps an Equal Weight rating on the shares. The firm updated multifamily real estate investment trust models post the Q4 reports.
Richard Hightower
Barclays
Hold
2025-01-24
Price Target
$316 → $302
Upside
+8.66%
Omotayo Okusanya
Deutsche Bank
Hold → Strong Buy
2025-01-21
Price Target
$308 → $310
Upside
+8.68%
