GTES Price Prediction Next Week
Analysis and Insights
To predict the stock price of Gates Industrial (GTES) for the next trading week, we analyze both fundamental and technical factors.
Fundamental Analysis:
Gates Industrial has a Moderate Buy consensus among analysts, with an average price target of $25.71. Barclays maintains a Buy rating with a $26 target, while KeyBanc raised its target to $27, indicating optimism despite the stock's current price of $19.84.
The company reported a decline in quarterly revenue and net profit, with revenue at $829.4 million (down from $863.3 million) and net profit at $36.6 million (down from $62.9 million). However, GTES expects adjusted EPS of $1.36 to $1.52 for 2025, suggesting potential recovery.
Technical Analysis:
The stock's RSI_14 is 39.33, near oversold territory, signaling a possible bounce. The MACD is slightly negative, indicating bearish momentum. GTES is trading below its 20, 50, and 200-day moving averages, which is bearish. However, oversold conditions might lead to a short-term rebound.
Fibonacci levels show resistance at $22.07 and $23, with support at $18.11. The stock is currently around $19.18, near the lower end of the Fibonacci range, suggesting it might test support or bounce back towards resistance.
Conclusion:
Given the mixed fundamentals and bearish technical indicators, GTES could see a slight increase next week, potentially reaching $20.50 due to oversold conditions. However, the overall trend remains bearish.
Recommendation: Sell GTES at resistance levels or consider buying if it bounces from support. However, the bearish trend suggests caution.
GTES Similar Chart Price Prediction
The price of GTES is predicted to go up -15.82%, based on the high correlation periods with AKRO. The similarity of these two price pattern on the periods is 95.18%.
GTES
AKRO
Down: -15.82%Similarity: 95.18%
GTES Revenue Forecast
GTES EPS Forecast
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GTES Analyst's Forecast
Julian Mitchell
Barclays
Buy
2025-03-10
Price Target
$27 → $26
Upside
+37.28%
Barclays lowered the firm's price target on Gates Industrial to $26 from $27 and keeps an Overweight rating on the shares. The firm reduced price targets on a number of short cycle industrial and industrial capex related names, but says it "may be too late to pivot to a purely defensive posture." Barclays sees growing downside risk relating to sales from higher policy uncertainty and ongoing high interest rates, as well as to margin outlooks from tariffs and falling lead times for much of the multi-industry sector.
Julian Mitchell
Barclays
Buy
2025-02-14
Price Target
$25 → $27
Upside
+19.21%
Andrew Kaplowitz
Citigroup
Strong Buy
2025-01-13
Price Target
$27 → $24
Upside
+18.34%
