EVR Price Prediction Next Week
Analysis and Insights
To predict the stock price of Evercore (EVR) for the next trading week, we analyze both technical indicators and recent news sentiment.
Technical Analysis:
EVR's current price is $203.5 as of 2025-03-10. Key technical indicators include:
- RSI (14): 21.34 (oversold territory)
- MACD: -16.51 (bearish momentum)
- SMA (20): 248.62 (price below SMA, bearish signal)
- Fibonacci Levels: Pivot at 227.79, with resistance at 246.80 and support at 208.77.
News Sentiment:
Recent news indicates a decline in EVR's stock price, dropping 14.5% due to broader market challenges in the investment banking sector. However, Evercore ISI's positive outlook on Amazon suggests potential strength in their advisory services.
Price Prediction:
Based on the oversold RSI and bearish technical indicators, EVR is expected to decline further. The next support level is at 197.03, with a potential price target of $195 for the next trading week.
Recommendation:
Sell EVR at current levels, as technical indicators and news sentiment suggest continued downward pressure.
EVR Similar Chart Price Prediction
The price of EVR is predicted to go up -3.54%, based on the high correlation periods with JEF. The similarity of these two price pattern on the periods is 98.97%.
EVR
JEF
Down: -3.54%Similarity: 98.97%
EVR Revenue Forecast
EVR EPS Forecast
EVR FAQs
What is EVR revenue forecast for next quarter？
What is EVR eps forecast for next quarter？
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
Aidan Hall
Keefe, Bruyette & Woods
Buy
2025-02-06
Price Target
$319 → $339
Upside
+18.79%
Keefe Bruyette analyst Aidan Hall raised the firm's price target on Evercore to $339 from $319 and keeps an Outperform rating on the shares. Evercore posted strong advisory-led results, the analyst tells investors in a research note.
Aidan Hall
Keefe, Bruyette & Woods
Hold → Buy
2024-12-20
Price Target
$269 → $339
Upside
+22.9%
Ryan Kenny
Morgan Stanley
Buy
2024-09-23
Price Target
$273 → $306
Upside
+18.29%
