KTB Price Prediction Next Week
Kontoor Brands (KTB) Stock Price Prediction and Recommendation
News Analysis:
- Tariff Impact: Kontoor Brands faces a $50 million EBIT impact due to tariffs, but analysts remain bullish with a strong buy rating and a consensus target price of $88, indicating 41% upside potential .
- ETF Holdings: As part of the VIOG ETF, KTB shows significant upside potential with a target price of $93.17, reflecting 56.56% growth from current levels .
Technical Indicators:
- RSI (14): 37.97, indicating oversold conditions, suggesting a potential reversal.
- MACD: -4.80 with a histogram of 0.93, hinting at a possible bullish divergence.
- Fibonacci Levels: Pivot at $61.36, resistance at $63.52, $64.85, and $67.01, with support at $59.21, $57.88, and $55.72.
Price Prediction:
Based on oversold RSI and positive analyst sentiment, KTB is expected to rise to $65.30 next week, targeting the upper Fibonacci resistance levels.
Recommendation:
Buy KTB, targeting $65.30, with a stop-loss below $59.21. The stock's oversold condition and analyst optimism suggest a near-term rebound.
KTB Similar Chart Price Prediction
The price of KTB is predicted to go up 8.64%, based on the high correlation periods with BYON. The similarity of these two price pattern on the periods is 99%.
KTB
BYON
Up: 8.64%Similarity: 99%
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KTB Analyst's Forecast
Ike Boruchow
Wells Fargo
Buy
2025-03-13
Price Target
$100 → $90
Upside
+51.24%
Wells Fargo lowered the firm's price target on Kontoor Brands to $90 from $100 and keeps an Overweight rating on the shares. The firm has recently hosted CFO Joe Alkire, and IR Mike Karapetian to dig into Kontoor Brands' moving pieces, namely U.S. macro, Jeanius, HH acquisition and Tariffs.
Paul Kearney
Barclays
Buy
2025-02-26
Price Target
$100 → $93
Upside
+35.79%
Robert Drbul
Guggenheim
Strong Buy
2024-11-01
Price Target
$80 → $100
Upside
+22.47%
