FTI Price Prediction Next Week
Technical Analysis Based on recent price action, FTI shows a bullish trend with increasing momentum. The stock has formed higher lows and higher highs over the past week, moving from $19.05 to close at $30.36 on February 14, 2025.
Price Target Analysis
- Support level: $29.80
- Resistance level: $31.20
- Short-term target: $31.50
News Impact Recent news indicates positive sentiment in the energy sector, particularly following Trump's "Drill, baby, drill" declaration and national energy emergency announcement for expedited oil and gas permitting. This policy stance could benefit FTI as an oil services company.
Trading Volume Analysis Trading volume has been steady, averaging around 4 million shares daily, indicating healthy market participation and supporting the current upward trend.
Price Prediction (Next Week) Based on technical indicators and positive sector sentiment:
- Monday: $30.45
- Tuesday: $30.80
- Wednesday: $31.10
- Thursday: $31.35
- Friday: $31.50
Trading Recommendation BUY with entry point at current market price ($30.11). Set stop loss at $29.50 and take profit at $31.50.
FTI Similar Chart Price Prediction
The price of FTI is predicted to go up 5.08%, based on the high correlation periods with WAB. The similarity of these two price pattern on the periods is 91.29%.
FTI
WAB
Up: 5.08%Similarity: 91.29%
FTI Revenue Forecast
FTI EPS Forecast
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FTI VS S&P500
TechnipFMC will derive a first-mover advantage from its Subsea 2.0 solution by delivering cost-saving subsea equipment and services to its customers.
The firm is well-positioned to capitalize on the significantly growing demand for integrated services which, beyond expanding its already significant market share will provide downcycle protection, as well.
Increased investment in offshore production will provide ample opportunity for TechnipFMC to secure more long-term contracts that will continue driving value in the event of a future slowdown.
FTI Analyst's Forecast
Stephen Richardson
Evercore ISI Group
Buy
2025-01-15
Price Target
$37 → $39
Upside
+20.18%
Evercore ISI analyst Jason Bandel raised the firm's price target on TechnipFMC to $39 from $37 and keeps an Outperform rating on the shares. The firm says oilfield services stocks have been hit with the "dual negatives" of a low growth North America contending with a "rapidly consolidating customer base and capital restraint internationally that has ended any semblance of a coordinated global upcycle for the industry." This combines with "wobble" in second half of 2024 oil prices, the analyst tells investors. Evercore's global exploration and production spending survey anticipates flat spending in 2025. It reduced 2025 estimates by 10% across the sector to reflect a more cautious spending outlook and downgraded eight names in the group.
David Anderson
Barclays
Buy
2024-12-18
Price Target
$37 → $42
Upside
+45.58%
Marc Bianchi
TD Cowen
Strong Buy
2024-11-27
Price Target
$37
Upside
+19.32%
