FR Price Prediction Next Week
Analysis and Insights
News Sentiment and Analyst Outlook:
Recent news indicates positive sentiment for First Industrial Realty (FR). Truist has raised its price target from $57 to $60, maintaining a Buy rating, citing strong Q4 results and updated financial assumptions. Other firms, including Goldman Sachs and Baird, have also upgraded their ratings, reflecting optimism about FR's performance.
Technical Indicators:
- RSI: FR's RSI is at 65.08, indicating the stock is in the overbought zone but not excessively so.
- MACD: The MACD line is above the signal line, suggesting bullish momentum.
- Fibonacci Levels: Resistance levels are at $57.92 and $58.51, while support is at $55.98.
Price Prediction:
Based on the positive analyst sentiment and technical indicators, FR is expected to reach $58.50 in the next trading week.
Recommendation:
Buy FR with a target price of $58.50. Consider setting a stop-loss at $55.50 to manage risk.
FR Similar Chart Price Prediction
The price of FR is predicted to go up 8.85%, based on the high correlation periods with TMO. The similarity of these two price pattern on the periods is 96.26%.
FR
TMO
Up: 8.85%Similarity: 96.26%
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FR Analyst's Forecast
Caitlin Burrows
Goldman Sachs
Strong Sell → Hold
2025-02-21
Price Target
$52 → $59
Upside
+5.91%
Goldman Sachs upgraded First Industrial Realty to Neutral from Sell with a price target of $59, up from $52, following the Q4 report. First Industrial has recently shown the ability to lease up speculative development projects and resume select new development starts, the analyst tells investors in a research note. The firm believes this is in part because of a "stabilizing-to-improving" industrial market overall and because the company's new developments are attractive.
David Rodgers
Baird
Buy
2025-02-19
Price Target
$59 → $61
Upside
+9.67%
Omotayo Okusanya
Deutsche Bank
Hold
2025-01-14
Price Target
$52
Upside
+4.1%
