KFY Price Prediction Next Week
KFY Stock Price Prediction and Recommendation
Based on the analysis of news sentiment and technical indicators, here is the prediction and recommendation for Korn Ferry (KFY):
News Sentiment Analysis:
- Korn Ferry reported better-than-expected quarterly earnings, with revenue of $676.5 million beating consensus estimates of $650.4 million. Adjusted EPS of $1.19 also exceeded expectations of $1.13, leading to a 9.8% stock price increase on the day of the report.
- The company announced a 30% dividend increase to $0.48 per share, demonstrating confidence in its financial health.
- KFY has shown strong new business wins, with $210 million in new business during the quarter, reflecting robust demand for its services.
Technical Indicators:
- RSI (14): 50.04, indicating a neutral position with no clear overbought or oversold signals.
- MACD: Showing a bullish crossover with a positive divergence, suggesting upward momentum.
- Fibonacci Levels:
- Pivot: $66.14
- R1: $69.10
- R2: $70.93
- S1: $63.17
Price Prediction:
Based on the strong earnings report, positive dividend news, and bullish technical indicators, KFY is expected to reach $70.00 in the next trading week.
Recommendation:
Buy KFY at the current price of $67.35 with a target price of $70.00. Set a stop-loss at $63.17 to limit potential losses if the market trends downward.
KFY Similar Chart Price Prediction
The price of KFY is predicted to go up 7.37%, based on the high correlation periods with PNBK. The similarity of these two price pattern on the periods is 94.12%.
KFY
PNBK
Up: 7.37%Similarity: 94.12%
KFY Revenue Forecast
KFY EPS Forecast
KFY FAQs
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KFY Analyst's Forecast
Tobey Sommer
Truist Securities
Strong Buy
2024-12-06
Price Target
$78 → $84
Upside
+17.38%
Truist analyst Tobey Sommer raised the firm's price target on Korn Ferry to $84 from $78 and keeps a Buy rating on the shares. The company reported mixed Q2 results and guided below Q3 consensus, though the management indicated demand remains effectively stable relative to the past few months and expressed some optimism around "greenshoots" in the RPO - Recruitment Process Outsourcing - segment, the analyst tells investors in a research note. Truist also cut its FY25 EPS view by 9c to $4.77 but raised its FY26 outlook by 6c to $5.44.
