LIN Price Prediction Next Week
Analysis and Insights
Fundamental Analysis:
Linde PLC (LIN) has shown strong fundamentals, with an 87% rating from Validea's P/E/Growth Investor model, indicating it is undervalued relative to its earnings growth and has a strong balance sheet. The company operates in the Chemical Manufacturing industry and is considered a large-cap growth stock. Recent Q4 results showed an adjusted EPS of $3.97, beating expectations, and the company announced an 8% dividend increase, marking its 32nd consecutive annual hike.
Technical Analysis:
The stock is currently trading at $460.26 with a neutral RSI of 50.14, indicating no overbought or oversold conditions. The MACD is slightly positive, suggesting mild upward momentum. Key Fibonacci levels show resistance at $467.70 and support at $449.61. The stock is trading above its 50-day and 200-day moving averages, signaling a bullish trend.
News Sentiment and Recent Developments:
Positive news includes strong Q4 results, a dividend increase, and a "Strong Buy" consensus rating from analysts. However, there was a recent insider sale, which could indicate caution among executives.
Price Prediction:
Based on the analysis, LIN is expected to reach $468 in the next trading week. The stock's strong fundamentals, positive technical indicators, and recent news suggest a bullish outlook.
Recommendation:
Buy LIN at its current price level, targeting $468, with a stop-loss below $450 to manage risk.
LIN Similar Chart Price Prediction
The price of LIN is predicted to go up 8.08%, based on the high correlation periods with KFRC. The similarity of these two price pattern on the periods is 97.24%.
LIN
KFRC
Up: 8.08%Similarity: 97.24%
LIN Revenue Forecast
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LIN Analyst's Forecast
Marc Bianchi
TD Cowen
Hold → Strong Buy
2025-01-13
Price Target
$480 → $515
Upside
+22.2%
The final rule for 45V Clean Hydrogen Production Tax Credit was released, with the Treasury Department providing a $3.00/kg tax credit for the production of hydrogen factored by the lifecycle carbon intensity of the delivered molecule, TD Cowen tells investors in a research note. The firm says the updates pursue "flexibility" while maintaining the constrictive "Three Pillar" framework and believes the legacy nuclear and hydro companies are Green/Pink second half winners. TD Cowen is "cautious" on seeing the rule as "final," and expects "root-and-branch" level changes to 45V guidance in 2025, as Republicans have multiple tools to get this done. Companies in the sector include Constellation Energy (CEG), PSEG (PEG), Vistra (VST), Plug Power (PLUG), Air Liquide (AIQUY), Linde (LIN), and CNX Resources (CNX).
Patrick Cunningham
Citigroup
Hold
2024-12-18
Price Target
$490 → $480
Upside
+13.67%
Hans Engel
Erste Group
Strong Buy → Hold
2024-11-19
Price Target
n/a
Downside
0%
