LHX Price Prediction Next Week
Based on the provided data and technical analysis, here is the price prediction for LHX for the next trading week:
Technical Analysis
The stock is currently trading at $218.65, showing mixed technical signals:
- RSI at 50.77 indicates neutral momentum, neither overbought nor oversold
- MACD at -1.22 suggests slight bearish pressure in the short term
- Price is trading below its 200-day SMA of $226.79, indicating a broader bearish trend
- Current price is near the Fibonacci support level of $215.47
News Impact Analysis
- L3Harris will report Q4 2024 earnings on January 30, 2025. Analysts expect EPS of $3.45, up 3% year-over-year
- The stock has shown resilience amid recent defense sector volatility
- Recent geopolitical tensions between Israel and Iran have provided support for defense stocks, with LHX gaining 2.7% in recent trading
Price Target Prediction Based on Fibonacci levels and technical indicators:
- Resistance levels: $222.77 (R1), $227.28 (R2)
- Support levels: $208.18 (S1), $203.67 (S2)
For next week's trading:
- Base case target: $222-223 range (probability 60%)
- Bullish case: Could test $227 if earnings beat expectations (probability 25%)
- Bearish case: May drop to $208-209 support zone if earnings disappoint (probability 15%)
Trading Recommendation HOLD/NEUTRAL with bias to BUY on dips below $215. The upcoming earnings report will likely be the key catalyst. Consider entering long positions near the Fibonacci support of $215.47 with a stop loss below $209.26.
LHX Similar Chart Price Prediction
The price of LHX is predicted to go up -7.32%, based on the high correlation periods with AACG. The similarity of these two price pattern on the periods is 96.69%.
LHX
AACG
Down: -7.32%Similarity: 96.69%
LHX Revenue Forecast
LHX EPS Forecast
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LHX Analyst's Forecast
Michael Ciarmoli
Truist Securities
Strong Buy
Price Target
$300 → $283
Upside
+31.7%
Truist analyst Michael Ciarmoli lowered the firm's price target on L3Harris Technologies to $283 from $300 and keeps a Buy rating on the shares as part of a broader research note previewing 2025 for the Aerospace & Defense industry. The new year feels like "groundhog day", with 2024 investors' sentiment bullish on an aero OEM production recovery while turning bearish on the aftermarket rally, the analyst tells investors in a research note. The firm adds however that while aircraft production is likely to improve in 2025 off an easy comp, planned production rates increases are not materializing as fast as expected and we think the aftermarket still has legs. Truist further notes that within the Defense sector, the November Election and announcement of DOGE weighed on performance, though the sell-off has also created an attractive entry point.
Douglas Harned
Bernstein
Hold → Buy
Price Target
$289 → $267
Upside
+28.89%
David Strauss
Barclays
Buy
Price Target
$290 → $255
Upside
+24.82%