FHI Price Prediction Next Week
Analysis and Insights
Technical Analysis:
FHI's stock has shown bullish momentum recently, with the price closing at 40.26, above the 20-day SMA of 38.71. The MACD is slightly positive, and the Stochastic Oscillator indicates a bullish crossover, suggesting upward momentum.
Fibonacci Levels:
The Fibonacci pivot point is at 38.66, with resistance levels at 39.85 (R1) and 40.58 (R2). The stock is currently trading above the pivot, targeting R1 and R2.
Conclusion:
Based on the bullish technical indicators and Fibonacci levels, the stock is expected to reach 40.58 next week. A buy recommendation is suggested, with a stop-loss below 38.66.
FHI Similar Chart Price Prediction
The price of FHI is predicted to go up 7.81%, based on the high correlation periods with RRR. The similarity of these two price pattern on the periods is 91.65%.
FHI
RRR
Up: 7.81%Similarity: 91.65%
FHI Revenue Forecast
FHI EPS Forecast
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FHI VS S&P500
With $578.8 billion in money market assets at the end of March 2024, Federated is one of the largest domestic money market managers, despite holding less than 10% of the market.
Federated has historically taken advantage of its position as a scale player in the money market business to pick up additional assets, especially as other asset managers look to unwind part or all their cash management offerings.
Federated's equity and fixed-income strategies have generally posted solid investment performance, providing the firm with a platform of competitive funds for investors.
FHI Analyst's Forecast
Brian Bedell
Deutsche Bank
Strong Buy → Hold
2025-01-08
Price Target
$45 → $43
Upside
+9.44%
Deutsche Bank downgraded Federated Hermes to Hold from Buy with a price target of $43, down from $45. The firm says its bullish thesis on money market fund inflows during this rate cut cycle has mostly played out. This reduces the likelihood that Federated's money market assets under management can continue its double-digit growth profile realized during the recent 2023-2024 period, the analyst tells investors in a research note. Deutsche Bank does not expect substantial money fund growth from here, which it says had been a differentiating positive aspect for Federated Hermes.
Kenneth Worthington
JP Morgan
Buy → Hold
2025-01-07
Price Target
$49 → $42
Upside
+6.98%
Brian Bedell
Deutsche Bank
Strong Buy
2024-11-11
Price Target
$43 → $45
Upside
+6.64%
