FBIN Price Prediction Next Week
Analysis and Insights
Technical Analysis:
Fortune Brands Innovations Inc (FBIN) is currently trading at $61.01, near its 52-week low of $62.84. The Relative Strength Index (RSI) of 28.8 indicates oversold conditions, suggesting potential exhaustion of selling pressure and a possible rebound.
Fibonacci Levels:
The Fibonacci levels indicate a pivot point at $64.09, with resistance at $66.62 and support at $61.56. A break above the pivot could signal a bullish reversal.
Insider and Institutional Activity:
Recent insider buying by EVP Kristin Papesh, along with mixed institutional sentiment, suggests potential short-term volatility but underlying confidence in the company's fundamentals.
Event Impact:
The Therma-Tru showcase at the International Builders’ Show highlights product innovation, which could positively impact sentiment and sales.
Conclusion:
Based on oversold conditions, insider confidence, and potential positive news sentiment, FBIN is expected to rebound. Predicted price for next week: $66.50. Buy recommendation.
FBIN Similar Chart Price Prediction
The price of FBIN is predicted to go up -4.32%, based on the high correlation periods with NEXN. The similarity of these two price pattern on the periods is 98.63%.
FBIN
NEXN
Down: -4.32%Similarity: 98.63%
FBIN Revenue Forecast
FBIN EPS Forecast
FBIN FAQs
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FBIN VS S&P500
The R&R market is poised for long-term growth, driven by several secular tailwinds, including the aging housing stock and favorable demographics.
Fortune Brands has a robust acquisition strategy, and future acquisitions could help the company achieve stronger sales growth.
Fortune Brands' consolidated profitability and ROIC will improve now that it spun off its less competitively advantaged cabinets business.
FBIN Analyst's Forecast
Matthew Bouley
Barclays
Buy
2025-01-16
Price Target
$100 → $91
Upside
+22.11%
Barclays lowered the firm's price target on Fortune Brands Innovations to $91 from $100 and keeps an Overweight rating on the shares. The firm prefers building products to homebuilders in Q4. Investor expectations are "subdued" across both subsectors into earnings, the analyst tells investors in a research note. The firm says that as both subsectors declined over the past six weeks, building products stocks have seen greater dislocations versus fundamentals, leaving better entry points.
Timothy Wojs
Baird
Hold
2024-11-07
Price Target
$94 → $90
Upside
+13.75%
John Lovallo
UBS
Strong Buy
2024-11-07
Price Target
$98 → $97
Upside
+22.6%
