KNF Price Prediction Next Week
Analysis and Insights
News Sentiment and Analyst Ratings:
Knife River Corporation (KNF) has received positive coverage from multiple analysts. Wells Fargo initiated coverage with an Overweight rating and a $102 price target, citing strong growth potential due to aging infrastructure and favorable industry conditions. Additionally, Loop Capital Markets maintained a Buy rating with a higher target of $121, and the consensus remains a Strong Buy with an average price target of $119.
Technical Indicators:
- RSI: KNF's RSI is at 45.78, indicating a neutral position, not overbought or oversold.
- MACD: The MACD is slightly negative (-1.70) but shows a bullish divergence with a positive MACD histogram (0.59).
- Stochastic Oscillator: The Stochastic Oscillator shows a bullish crossover, with StochK (67.06) above StochD (69.36).
- Fibonacci Levels: The stock is currently testing the Fibonacci resistance level at $94.60, with support at $87.25.
Price Action and Volume:
The stock has shown a recent uptrend, with a 3.62% increase in the regular market and a 2.06% gain in pre-market trading. The volume is moderate, supporting the uptrend but not indicating overbought conditions.
Conclusion:
Based on the strong analyst sentiment and improving technical indicators, the stock is expected to break out above the current resistance level. The target price for the next trading week is $96.87, with a stop-loss at $90.92.
Recommendation: Buy KNF with a target price of $96.87 and a stop-loss at $90.92.
KNF Similar Chart Price Prediction
The price of KNF is predicted to go up -24.26%, based on the high correlation periods with BE. The similarity of these two price pattern on the periods is 95.37%.
KNF
BE
Down: -24.26%Similarity: 95.37%
KNF Revenue Forecast
KNF EPS Forecast
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KNF Analyst's Forecast
Gabe Hajde
Wells Fargo
Buy
2025-03-10
Price Target
$102
Upside
+14.15%
Wells Fargo initiated coverage of Knife River with an Overweight rating and $102 price target. The firm sees "strong tailwinds" for the company given its leverage towards high-growth states with an aging infrastructure network and an attractive industry backdrop. Knife River is also taking an active approach to expand its margins through the EDGE value framework, the analyst tells investors in a research note. Wells says the company "competes in an attractive industry with structural positives."
Ian Zaffino
Oppenheimer
Buy
2024-12-13
Price Target
$110 → $120
Upside
+17.29%
Garik Shmois
Loop Capital
Strong Buy
2024-11-05
Price Target
$105 → $100
Downside
-0.53%
