Based on the technical indicators and news sentiment, Nordstrom's stock is expected to face downward pressure. The price may test the lower support level of $23.50 next week.
Prediction: $23.50
Recommendation: Sell
The price of JWN is predicted to go up 1.41%, based on the high correlation periods with HCM. The similarity of these two price pattern on the periods is 94.38%.
JWN
HCM
Nordstrom's digital sales were about $5.2 billion in 2023, making it one of the largest e-commerce firms in the United States.
As an operator of both an upscale department store and a discount chain, Nordstrom can reach a broader customer base than many competitors. Moreover, the availability of upscale brands at Rack provides an advantage over other discounters.
Nordstrom has reduced supply chain expenses over the past two years while improving delivery speed for customers.
Barclays
2025-01-16
Price Target
$23 → $24
Downside
-0.41%
UBS
2025-01-10
Price Target
$15 → $24
Downside
-0.04%
Telsey Advisory Group
2024-12-24
Price Target
$26 → $24
Downside
-0.87%