GFL Price Prediction Next Week
Technical Analysis Based on recent price action, GFL Environmental shows a clear downward trend with the stock declining from $36.36 to $35.57 over the past week. The RSI reading of 29.99 indicates oversold conditions, suggesting potential for a technical bounce.
Price Target Analysis
- Current price: $35.57
- Average analyst target price: $50.66, indicating significant upside potential of 19.80%
- Support level: $34.90 (recent low)
- Resistance level: $36.46 (recent high)
Next Week's Price Projection Based on technical indicators and recent trading patterns:
- Likely range: $34.50 - $37.00
- Most probable price target: $36.25
Trading Recommendation BUY recommendation with the following rationale:
- Oversold RSI conditions suggest limited downside risk
- Strong analyst price targets indicate fundamental support
- Technical support level at $34.90 provides favorable risk-reward
- Entry point: Current market price ($35.57)
- Initial target: $36.25 (+1.91%)
- Stop loss: $34.50 (-3.01%)
The stock appears positioned for a technical rebound given oversold conditions and strong fundamental backing from analyst targets. The risk-reward ratio of 1.58 supports a tactical long position.
GFL Similar Chart Price Prediction
The price of GFL is predicted to go up 4.62%, based on the high correlation periods with PIPR. The similarity of these two price pattern on the periods is 97.9%.
GFL
PIPR
Up: 4.62%Similarity: 97.9%
GFL Revenue Forecast
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GFL Analyst's Forecast
Konark Gupta
Scotiabank
Buy
2024-10-04
Price Target
$50
Upside
+23%
Scotiabank analyst Konark Gupta last night resumed coverage of GFL Environmental with an Outperform rating and $50 price target. The firm calls GFL a top pick in g North American environmental services. GFL not only has an attractive valuation compared to its larger peers, but it also offers more upside from potential acquisitions and free cash flow acceleration, aided by ongoing deleveraging toward an investment grade rating, the analyst tells investors in a research note. The firm expects GFL's free cash flow growth to be significantly stronger than its peers this year and beyond.
