HAS Price Prediction Next Week
Technical Analysis: Based on the recent price action, HAS stock has shown significant volatility. The stock is currently trading at $60.83 as of the last market close.
Price Movement Analysis:
- The stock has formed a bullish pattern with higher lows and higher highs over the past week
- Volume has been declining, suggesting a potential consolidation phase
- Current price is above both 5-day and 10-day moving averages, indicating short-term bullish momentum
News Impact: Recent news highlights several key factors affecting HAS:
- Generation Alpha spending habits could benefit Hasbro, as the company is well-positioned in the gaming and digital engagement sector
- The company is scheduled to report earnings on February 20, 2025
- Strong market resilience despite ongoing uncertainties about trade and inflation
Price Prediction for Next Week: Based on technical analysis and news sentiment:
- Support level: $59.50
- Resistance level: $62.75
- Target price range: $61.50 - $62.25
Trading Recommendation: BUY
- Entry point: Current price ($60.83)
- Stop loss: $59.25
- Take profit: $62.25
- Risk/Reward ratio: 1:1.8
Rationale:
- Positive momentum in price action
- Upcoming earnings catalyst
- Strong positioning in Generation Alpha market segment
- Technical indicators showing bullish signals
HAS Similar Chart Price Prediction
The price of HAS is predicted to go up -3.9%, based on the high correlation periods with NIC. The similarity of these two price pattern on the periods is 94.34%.
HAS
NIC
Down: -3.9%Similarity: 94.34%
HAS Revenue Forecast
HAS EPS Forecast
HAS FAQs
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HAS VS S&P500
Opportunities exist from entertainment, bolstered by the Discovery Family network, owned production capabilities, and film tie-ins, supporting product demand.
Stock ownership is compelling for income investors. The firm has a 4% yield and has paid out around $1.8 billion in dividends in the past five years. The dividend payout ratio should moderate back to under 50% over the long term as free cash flow rises.
The firm enjoys a stable expense base and should be able to maintain operating margins to above 20% as higher margin games become a larger percentage of the total sales mix.
HAS Analyst's Forecast
Linda Bolton Weiser
DA Davidson
Hold
2024-10-25
Price Target
$59 → $73
Upside
+9.91%
DA Davidson raised the firm's price target on Hasbro to $73 from $59 and keeps a Neutral rating on the shares. The analyst cites the company's Q3 EBITDA beat while also raising its target earnings multiple to 15x from 14x while rolling forward the firm's model by a year, the analyst tells investors in a research note.
Christopher Horvers
JP Morgan
Buy
2024-10-25
Price Target
$82 → $79
Upside
+18.94%
Megan Alexander
Morgan Stanley
Buy
2024-10-25
Price Target
$80 → $92
Upside
+38.51%
