Technical Analysis:
ITT's stock has shown strong momentum in recent trading sessions, with the price forming a bullish trend channel. The stock closed at $124.51 on Friday, showing resilience above the $123 support level.
News & Fundamental Analysis:
- Recent Q4 earnings beat estimates with EPS of $1.50 vs expected $1.47
- Company provided positive FY2025 guidance:
- EPS guidance: $6.05-$6.45
- Revenue growth: 2-4% reported, 3-5% organic
- Dividend increased by 10% to $0.351 per share
- Analyst consensus price target increased to $176.83, with a high of $183.00
Price Prediction for Next Week:
Based on technical indicators and positive fundamental backdrop:
- Support levels: $123.50, $121.80
- Resistance levels: $126.50, $128.20
- Target price range: $126-128
Trading Recommendation: BUY
- Entry point: Current price ($124.51)
- Short-term target: $128
- Stop loss: $121.50
Rationale:
- Strong earnings momentum and positive guidance
- Bullish analyst sentiment with increased price targets
- Technical indicators showing upward momentum
- Upcoming presentation at TD Cowen Conference could provide additional catalyst
Technical Analysis:
ITT's stock has shown strong momentum in recent trading sessions, with the price forming a bullish trend channel. The stock closed at $124.51 on Friday, showing resilience above the $123 support level.
News & Fundamental Analysis:
- Recent Q4 earnings beat estimates with EPS of $1.50 vs expected $1.47
- Company provided positive FY2025 guidance:
- EPS guidance: $6.05-$6.45
- Revenue growth: 2-4% reported, 3-5% organic
- Dividend increased by 10% to $0.351 per share
- Analyst consensus price target increased to $176.83, with a high of $183.00
Price Prediction for Next Week:
Based on technical indicators and positive fundamental backdrop:
- Support levels: $123.50, $121.80
- Resistance levels: $126.50, $128.20
- Target price range: $126-128
Trading Recommendation: BUY
- Entry point: Current price ($124.51)
- Short-term target: $128
- Stop loss: $121.50
Rationale:
- Strong earnings momentum and positive guidance
- Bullish analyst sentiment with increased price targets
- Technical indicators showing upward momentum
- Upcoming presentation at TD Cowen Conference could provide additional catalyst