HGTY Price Prediction Next Week
Analysis and Insights
Technical Analysis:
HGTY's stock price is currently trading at $9.64, with a 14-day RSI of 33.69, indicating oversold conditions. The MACD is slightly negative, suggesting bearish momentum. The Fibonacci levels show a pivot point at $9.65, with resistance at $10.17 and support at $8.29.
News and Fundamental Analysis:
Hagerty Inc. reported strong Q4 2024 results with 19% revenue growth and outlined ambitious 2025 targets, including expanding insurance offerings and technology investments. Despite this, insider trading activity shows more sales than purchases, indicating mixed sentiment.
Analyst Sentiment:
Analysts maintain a Moderate Sell consensus with a $11.00 price target, reflecting a 12.59% upside. J.P. Morgan and Truist Financial have both maintained Hold ratings.
Conclusion:
Based on the oversold RSI and positive earnings, HGTY is expected to rise to $10.20 next week. Buy is recommended, targeting the Fibonacci resistance level at $10.17.
HGTY Similar Chart Price Prediction
The price of HGTY is predicted to go up 18.01%, based on the high correlation periods with HAFC. The similarity of these two price pattern on the periods is 98.75%.
HGTY
HAFC
Up: 18.01%Similarity: 98.75%
HGTY Revenue Forecast
HGTY EPS Forecast
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HGTY Analyst's Forecast
C. Gregory Peters
Raymond James
Hold → Sell
2024-12-26
Price Target
n/a
Downside
0%
Raymond James downgraded Hagerty to Underperform from Market Perform.
