JNPR Price Prediction Next Week
Technical Analysis: JNPR is currently trading at $36.55, showing a relatively stable price movement with RSI-14 at 48.67 indicating neutral momentum. The stock is trading between its key moving averages, with SMA-200 at $36.98 and SMA-20 at $36.62.
News Impact:
- Recent significant options activity with 43,796 contracts traded, particularly high volume for $30 strike put option expiring November 2025.
- Q4 results showed positive performance with net income increasing 30.3% year-over-year to $162 million.
- The DOJ's recent challenge to the HPE merger adds uncertainty to the stock's near-term movement.
Price Prediction for Next Week: Based on Fibonacci levels and technical indicators:
- Resistance levels: R1: $36.61, R2: $37.17
- Support levels: S1: $34.78, S2: $34.21
Expected price movement:
- Base case (60% probability): $36.80-$37.20
- Bullish case (25% probability): $37.20-$37.80
- Bearish case (15% probability): $35.80-$36.20
Trading Recommendation: SELL with target price of $37.00. Current technical indicators and news sentiment suggest limited upside potential in the short term. The stock is approaching resistance levels while showing neutral momentum. The uncertainty around the HPE merger and DOJ challenge could create downward pressure.
Entry: $36.55 Stop Loss: $35.80 Take Profit: $37.00
JNPR Similar Chart Price Prediction
The price of JNPR is predicted to go up -5.73%, based on the high correlation periods with CENT. The similarity of these two price pattern on the periods is 98.53%.
JNPR
CENT
Down: -5.73%Similarity: 98.53%
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JNPR Analyst's Forecast
Amit Daryanani
Evercore ISI Group
Hold → Buy
2025-02-04
Price Target
$40
Upside
+12.2%
Evercore ISI analyst Amit Daryanani notes that both HP Enterprise (HPE) and Juniper (JNPR) shares are under pressure following alleged reports from Capital Forum that the DOJ could seek to block the pending acquisition of Juniper. HP Enterprise management, which has been "engaged" with the DOJ in their review of the deal, noted during the company's most recent earnings call that the company expects the pending acquisition to close in the "early part" of calendar year 2025, which was in the later part of the management's original expectations, the analyst points out. While investor focus in the near-term will index around if HP Enterprise can get DOJ approval for its acquisition of Juniper, beyond that Evercore views the company as "fundamentally well positioned" to benefit from share gains in AI servers, a sustained gradual recovery in x86 servers, as well as self-help in its storage business, notes the firm, which has an In Line rating and $22 price target on HP Enterprise shares.
Tim Long
Barclays
Hold
2024-11-01
Price Target
$40 → $37
Downside
-5.13%
Atif Malik
Citigroup
Hold
2024-09-23
Price Target
$40
Upside
+3.07%
