GGG Price Prediction Next Week
Based on the provided data and technical analysis, here is the prediction for GGG's stock price next week:
Technical Analysis
The stock is currently showing mixed technical signals:
- RSI at 51.45 indicates neutral momentum
- MACD at -0.23 suggests slight bearish pressure
- Moving averages show price below both 60-day SMA (86.43) and 20-day SMA (84.20), indicating a downward trend
Recent News Impact
- GGG reported weaker Q4 earnings of $0.64 per share vs expected $0.76, causing a 3% decline in stock price
- The company faces potential headwinds from new tariff concerns, as indicated by broader market reactions to President Trump's recent tariff comments
Fibonacci Analysis Key price levels for next week:
- Resistance levels: R1: $85.78, R2: $86.93, R3: $88.80
- Support levels: S1: $82.04, S2: $80.88, S3: $79.01
- Pivot point: $83.91
Price Prediction for Next Week Based on technical indicators and recent fundamental developments:
- Most likely scenario (60% probability): Stock will trade between $82.04 (S1) and $85.78 (R1)
- Target price: $83.50
- Trading recommendation: SELL if price reaches $85.78 (R1) level, as technical indicators suggest limited upside potential in the short term
The stock is likely to remain under pressure due to recent earnings miss and broader market concerns about tariffs. The technical setup suggests more downside risk than upside potential for the coming week.
GGG Similar Chart Price Prediction
The price of GGG is predicted to go up -3.49%, based on the high correlation periods with PLYA. The similarity of these two price pattern on the periods is 90.67%.
GGG
PLYA
Down: -3.49%Similarity: 90.67%
GGG Revenue Forecast
GGG EPS Forecast
GGG FAQs
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GGG VS S&P500
Graco has a large installed base and leading market share across a wide range of niche products.
Graco has a healthy level of recurring revenue, generating roughly 40% of its sales from aftermarket parts and accessories, which reduces the volatility of its earnings from cyclical end markets.
The company generates strong free cash flows, averaging around 17% of revenue over the past decade.
GGG Analyst's Forecast
Deane Dray
RBC Capital
Buy
2025-01-03
Price Target
$93 → $97
Upside
+15.37%
RBC Capital analyst Deane Dray raised the firm's price target on Graco to $97 from $93 and keeps an Outperform rating on the shares as part of a broader research note previewing 2025 for the Multi-Industry sector. Secular drivers like electrification, reshoring, and datacenters remain powerful growth drivers, and Trump 2.0 should be decidedly pro-business and tariffs should be a manageable risk, the analyst tells investors in a research note. RBC adds that its sees Graco as one of higher-quality Industrials as it generates a +25% operating margin even as it steps up growth investments, and these margins are supported by the strength of its distribution and ability to pass through price, new product development, exclusive focus on differentiated products, and its core competency in manufacturing.
Deane Dray
RBC Capital
Buy
2024-10-25
Price Target
$96 → $93
Upside
+13.22%
Michael Halloran
Baird
Hold
2024-10-25
Price Target
$88 → $85
Upside
+3.48%
