IEX Price Prediction Next Week
Analysis and Insights
News Sentiment and Recent Performance:
IDEX Corporation (IEX) has faced challenges in the market, with a 17.1% decline over the past year despite reporting a 9.4% growth in net sales during Q4 2024. The stock dropped 9.6% following the earnings release, reflecting investor concerns about the company's modest organic sales growth outlook of 1%-3% for FY 2025.
Technical Indicators:
The Relative Strength Index (RSI) for IEX is currently at 28.4, indicating oversold conditions. This suggests a potential buying opportunity as the stock may rebound from its recent decline. The stock is trading near the Fibonacci retracement level of 184.85, which could act as a support level.
Fibonacci Levels:
The Fibonacci retracement levels indicate that IEX is near the S1 level of 184.85. If the stock bounces off this level, it could test the R1 level of 197.24 in the short term.
Analyst Ratings:
Analysts maintain a "Moderate Buy" consensus on IEX, with a mean price target of $234.10, suggesting potential upside. However, some analysts have raised concerns about the company's growth prospects.
Conclusion:
Based on the oversold RSI and proximity to the Fibonacci support level, IEX could see a short-term rebound. The stock is expected to rise to approximately $192 next week. However, given the mixed fundamentals, this is a cautious buy recommendation.
IEX Similar Chart Price Prediction
The price of IEX is predicted to go up 19.11%, based on the high correlation periods with WW. The similarity of these two price pattern on the periods is 98.83%.
IEX
WW
Up: 19.11%Similarity: 98.83%
IEX Revenue Forecast
IEX EPS Forecast
IEX FAQs
What is IEX revenue forecast for next quarter？
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IEX VS S&P500
Idex has a portfolio of moaty businesses that have leading share in niche end markets.
Idex generates strong free cash flows, which have averaged around 17.5% of sales during the past 10 years.
The acquisitions of Akron Brass and AWG, as well as new product introductions (including eDraulic and SAM), have reinforced Idex's already strong competitive position in the fire and safety business.
IEX Analyst's Forecast
Matt Summerville
DA Davidson
Hold
2025-02-19
Price Target
$225 → $215
Upside
+8.23%
DA Davidson lowered the firm's price target on Idex Corp. to $215 from $225 and keeps a Neutral rating on the shares after its Q4 results and below-consensus outlook. The firm has lowered its 2025 and 2026 estimates, reflecting a weaker overall organic sales outlook across all three segments, also noting that the end market conditions for Idex remain generally mixed, with strength within semiconductor MRO, pharma, water, industrial, and automation/fire safety, while semiconductor capital equipment, life sciences/analytical instrumentation, ag, and auto are among its "more depressed verticals", the analyst tells investors in a research note.
Vladimir Bystricky
Citigroup
Strong Buy
2025-01-13
Price Target
$269 → $267
Upside
+27.12%
Nathan Jones
Stifel
Strong Buy
2024-12-11
Price Target
$244 → $256
Upside
+12.2%
