IEX Price Prediction Next Week
Based on the recent data and technical analysis, here's the price prediction for IEX for the next trading week:
Technical Analysis
- RSI(14) at 29.48 indicates oversold conditions
- MACD at -3.03 shows bearish momentum
- Fibonacci levels indicate key support at 198.74 and resistance at 223.62
News Impact
- RBC Capital lowered price target to $245 from $256 while maintaining Outperform rating
- Q4 operating miss and below-consensus guidance reported
- Stock dropped 9.6% after missing Q4 sales estimates
- Company indicated revenue and EPS guidance weighted towards second half of 2025
Price Projection Short-term target range for next week:
- Support: $195-198 (Fibonacci S1 level)
- Resistance: $211-215 (20-day SMA)
Trading Recommendation SELL with the following rationale:
- Weak Q1 guidance and technical indicators showing bearish momentum
- Price likely to test support levels around $195-198
- Recovery not expected until Q2 2025 based on company guidance
- Set stop loss at $215 (20-day SMA)
Target entry for new long positions would be around $195 level once technical indicators show reversal signals.
IEX Similar Chart Price Prediction
The price of IEX is predicted to go up 7.95%, based on the high correlation periods with LMAT. The similarity of these two price pattern on the periods is 96.15%.
IEX
LMAT
Up: 7.95%Similarity: 96.15%
IEX Revenue Forecast
IEX EPS Forecast
IEX FAQs
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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
Vladimir Bystricky
Citigroup
Strong Buy
2025-01-13
Price Target
$269 → $267
Upside
+27.12%
Citi lowered the firm's price target on Idex Corp. to $267 from $269 and keeps a Buy rating on the shares. The Q4 earnings for industrial conglomerates and electrical equipment names should be largely in-line with expectations and reflective of "still mixed" underlying demand trends among industrial end markets with currency headwinds contributing to some earnings pressure that likely limits potential upside, the analyst tells investors in a research note. The firm says that with investors focused on 2025, it sees some "ongoing bifurcation" with respect to growth expectations as likely to continue into the new year. Citi's top picks into Q4 include Flowserve (FLS), Vertiv (VRT), Dover (DOV), and Honeywell (HON).
Nathan Jones
Stifel
Strong Buy
2024-12-11
Price Target
$244 → $256
Upside
+12.2%
Vladimir Bystricky
Citigroup
Strong Buy
2024-12-09
Price Target
$251 → $269
Upside
+17.13%
