EVR Price Prediction Next Week
Based on the provided data and technical analysis, here is the prediction for EVR's stock price next week:
Technical Analysis
- Current price: $279.55
- Fibonacci resistance levels: R1 at $294.38, R2 at $299.76, R3 at $308.47
- Fibonacci support levels: S1 at $276.96, S2 at $271.58, S3 at $262.87
- RSI(14) at 42.69 indicates neutral momentum but slightly oversold
- MACD at 0.32 shows weak positive momentum
- 20-day SMA at $280.91 and 200-day SMA at $247.02 indicate long-term uptrend
News Analysis
- Strong Q4 2024 earnings reported on Feb 5, 2025:
- Profit increased significantly to $140.44M ($3.30/share) vs $82.75M ($2.03/share) last year
- Revenue grew 24.4% to $975.33M vs $784.17M
- Beat analyst expectations of $2.82 EPS
Price Prediction for Next Week Based on technical indicators and positive earnings momentum:
- Target price: $294-296 range
- Key resistance at $294.38 (Fibonacci R1)
- Support at $276.96 (Fibonacci S1)
Recommendation: BUY
- Entry point: Current price $279.55
- Strong fundamentals with impressive Q4 results
- Technical indicators suggest room for upward movement
- Set stop loss around $276 (near S1 support)
- Take profit around $294-295 range
The stock shows potential for a 5-6% upside in the coming week, supported by strong earnings and technical setup. The RSI indicates room for upward movement while staying above key support levels.
EVR Similar Chart Price Prediction
The price of EVR is predicted to go up 1.02%, based on the high correlation periods with OXLC. The similarity of these two price pattern on the periods is 92.7%.
EVR
OXLC
Up: 1.02%Similarity: 92.7%
EVR Revenue Forecast
EVR EPS Forecast
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EVR VS S&P500
Evercore has historically been able to increase advisory revenue faster than peers, and its revenue productivity per senior managing director often surprises to the upside.
The company has significant amounts of cash and investment securities on its balance sheet.
Expansion of Evercore's investment management and institutional equities businesses will provide a modest base of revenue even during a downturn in M&A activity. Additional offices outside the US will help mitigate the company's current reliance on the US market.
EVR Analyst's Forecast
Ryan Kenny
Morgan Stanley
Buy
2024-09-23
Price Target
$273 → $306
Upside
+18.29%
