ITW Price Prediction Next Week
Technical Analysis: ITW's stock has shown a consolidation pattern over the past week, with the price moving between $250-$256. The latest closing price was $255.77 on February 23rd, showing resilience above the $250 support level.
News Sentiment Analysis: Recent news indicates mixed sentiment:
- ITW reported Q4 earnings that exceeded expectations with EPS of $2.54 vs $2.49 expected
- The company provided 2025 guidance with modest organic growth of 0-2% and EPS guidance of $10.15-$10.55
- Barclays recently lowered their price target to $262 from $265
Price Prediction for Next Week: Based on technical indicators and recent news:
Target Prices:
- Resistance: $268 (near recent highs)
- Support: $250 (strong psychological level)
- Expected trading range: $252-$266
Probability scenarios:
- Bullish case (40%): Break above $266, targeting $270
- Bearish case (30%): Drop below $250, targeting $245
- Consolidation (30%): Continue range-bound trading $252-$266
Trading Recommendation: SELL Rationale:
- Current price near upper range of recent trading channel
- Modest growth outlook for 2025
- Multiple analysts maintaining neutral to bearish stance
- Technical indicators suggesting overbought conditions
Entry: $255-$256 range Exit targets: $250 (first target), $245 (second target) Stop loss: $262
ITW Similar Chart Price Prediction
The price of ITW is predicted to go up -17.92%, based on the high correlation periods with WFC. The similarity of these two price pattern on the periods is 94.17%.
ITW
WFC
Down: -17.92%Similarity: 94.17%
ITW Revenue Forecast
ITW EPS Forecast
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ITW VS S&P500
ITW has institutionalized a winning entrepreneurial culture that empowers its people, focuses on its most important customers, and emphasizes efficiency.
The firm still has an appreciable runway for margin expansion through measures like product line simplification.
ITW's end markets are exposed to a multitude of secular trends that should help the firm capitalize on its organic growth opportunities.
ITW Analyst's Forecast
Andrew Kaplowitz
Citigroup
Hold
2025-01-13
Price Target
$279 → $265
Upside
+6.13%
Citi analyst Andrew Kaplowitz lowered the firm's price target on Illinois Tool Works to $265 from $279 and keeps a Neutral 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).
Julian Mitchell
Barclays
Hold
2025-01-08
Price Target
$270 → $265
Upside
+7.02%
Nathan Jones
Stifel
Hold
2024-12-11
Price Target
$262 → $268
Downside
-1.82%
