JKHY Price Prediction Next Week
Technical Analysis: JKHY is currently trading at $170.64 in pre-market, showing a slight decline of -0.29%. The stock has been experiencing a short-term downtrend with key technical indicators suggesting mixed signals.
- RSI-14 at 47.88 indicates neutral momentum
- MACD (-1.45) remains below signal line, suggesting bearish momentum
- Stock is trading below its 20-day SMA ($172.20) and 60-day SMA ($173.86)
- Bollinger Bands show price near middle band, with potential support at $163.59
News Impact: Recent positive developments include:
- Board approved 6% dividend increase to $0.58 per share, payable March 25, 2025
- 21st consecutive year of increasing dividends, demonstrating financial stability
- Analysts have set target price at $187.33, suggesting 9.57% upside potential
Price Prediction for Next Week: Based on Fibonacci levels and technical indicators:
- Resistance levels: $173.86 (R1), $176.41 (R2)
- Support levels: $165.63 (S1), $163.09 (S2)
- Pivot point: $169.75
Expected trading range: $168-$174
Recommendation: HOLD Current technical weakness combined with strong fundamentals suggests avoiding new positions. The stock needs to break above $174 convincingly to establish a bullish trend. Recent analyst ratings also lean towards a hold rating.
Target for next week: $171.50 with potential fluctuation of ±2%
JKHY Similar Chart Price Prediction
The price of JKHY is predicted to go up -4.2%, based on the high correlation periods with MIR. The similarity of these two price pattern on the periods is 93.96%.
JKHY
MIR
Down: -4.2%Similarity: 93.96%
JKHY Revenue Forecast
JKHY EPS Forecast
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JKHY VS S&P500
The bank technology business is very stable, characterized by high amounts of recurring revenue and long-term contracts.
Jack Henry's organic approach to growth has allowed the company to build out a relatively streamlined set of products, which allows the company to concentrate its resources and maintain relatively strong margins.
Jack Henry has outperformed its larger peers in terms of organic growth over time, suggesting the company is steadily taking share.
JKHY Analyst's Forecast
Andrew Bauch
Wells Fargo
Sell
2025-01-14
Price Target
$155
Downside
-10.08%
Wells Fargo initiated coverage of Jack Henry with an Underweight rating and $155 price target. Despite positive business prospects, potential headwinds from bank acquisition resumption presents risk to Jack Henry's medium term estimates, the analyst tells investors in a research note. The firm sees downward revisions to estimates and a lack of multiple expansion opportunity for the shares versus others in its coverage "leading the narrative."
Nik Cremo
UBS
Hold
2024-11-07
Price Target
$180 → $190
Upside
+5.57%
David Koning
Baird
Hold
2024-10-17
Price Target
$186 → $195
Upside
+4.85%
