Technical Analysis: FMX has shown significant volatility in recent trading sessions, with the stock price declining from $129.82 to $115.59 over the past week. The stock has formed a bearish pattern with lower highs and lower lows.
Price Target Analysis:
News Sentiment:
Price Prediction for Next Week: Based on technical indicators and current market sentiment:
Target Price: $87.50 by end of next week
Recommendation: SELL Rationale:
The price of FMX is predicted to go up -2.5%, based on the high correlation periods with RL. The similarity of these two price pattern on the periods is 96.91%.
FMX
RL
Year
FMX Price Forecast($)
Potential Return(%)
2025
81.220
-0.010
2026
95.000
11.350
2027
180.000
110.970
2028
120.000
40.650
2029
120.000
40.650
2030
120.000
40.650
Oxxo dominates the convenience store market in Mexico, with an attractive return profile and plenty of room to expand the store base.
As Coke's most important bottling partner in Latin America, Coca-Cola Femsa is poised to expand manufacturing scale and distribution clout through organic expansion and acquisitions.
Investments in digital capabilities should enable Femsa to gather and leverage up-to-date consumer and market insights that drive better go-to-market strategies and unlock efficiency gains.
Barclays
2024-10-30
Price Target
$125 → $118
Upside
+22.86%
Barclays
2024-10-14
Price Target
$145 → $125
Upside
+26.62%
JP Morgan
2024-09-23
Price Target
$104 → $109
Upside
+8.68%