LAMR Price Prediction Next Week
Technical Analysis Based on the Fibonacci levels, LAMR is currently trading near the pivot point of $126.28, with immediate resistance at $128.79 and support at $123.77. The RSI-14 reading of 58.60 indicates neutral momentum with a slight bullish bias. The positive MACD of 0.59 suggests an ongoing upward trend.
News Impact Recent analyst actions show mixed sentiment. Wells Fargo maintained a Hold rating with a $132 price target, while TD Cowen remains bullish with a Buy rating and increased price target to $160. The company's Q3 2024 results showed modest growth with FFO up 1.9% and AFFO increasing 5.7% to $220.7 million.
Price Prediction for Next Week Based on technical indicators and recent news:
- Base case (60% probability): $127-130 range
- Bullish case (25% probability): Break above $130.34 (Fibonacci R2)
- Bearish case (15% probability): Drop to $123.77 (Fibonacci S1)
Trading Recommendation HOLD position. While fundamentals show steady growth, the stock is currently in a neutral technical position. Wait for a clear break above $128.79 for buying opportunities or below $123.77 for selling signals.
Target price for next week: $128.50
LAMR Similar Chart Price Prediction
The price of LAMR is predicted to go up -6.99%, based on the high correlation periods with PRGO. The similarity of these two price pattern on the periods is 96.79%.
LAMR
PRGO
Down: -6.99%Similarity: 96.79%
LAMR Revenue Forecast
LAMR EPS Forecast
LAMR FAQs
What is bull’s view on LAMR?
What is bear's view on LAMR?
What is LAMR revenue forecast for next quarter？
LAMR Analyst's Forecast
Lance Vitanza
TD Cowen
Strong Buy
2024-11-11
Price Target
$142 → $160
Upside
+23.04%
TD Cowen raised the firm's price target on Lamar Advertising to $160 from $142 and keeps a Buy rating on the shares. The firm said despite slightly weaker than expected revenues, EPS & AFFO were in line and favorable. Strong local and programmatic demand offset national softness, while increased political spend provided a boost to 3Q.
Daniel Osley
Wells Fargo
Hold
2024-11-11
Price Target
$132 → $124
Downside
-4.64%
Benjamin Swinburne
Morgan Stanley
Hold
2024-11-11
Price Target
$125 → $135
Upside
+3.81%
