LNT Price Prediction Next Week
Technical Analysis:
Based on the recent price action, LNT shows the following key technical signals:
- Price has formed a bullish reversal pattern with higher lows over the past week
- Current price at $47.09 is testing the 20-day moving average resistance level
- Volume has been increasing on up days, indicating growing buying pressure
- RSI shows the stock is neither overbought nor oversold
News Analysis:
Recent significant developments:
- Alliant Energy's stock outperformed S&P 500 over the past year, gaining 25.1% vs index's 20.5%
- Company achieved 9.5% EPS increase in Q3 2024
- Plans to support two new data centers in Cedar Rapids, adding 1.1 gigawatts demand by 2028
- Analysts maintain "Moderate Buy" rating with mean price target of $62.65 (3.3% upside)
Price Prediction for Next Week:
Based on technical indicators and positive news sentiment:
- Support level: $46.55
- Resistance level: $47.37
- Target price range: $47.50-$48.00
Trading Recommendation: BUY
Rationale:
- Strong fundamental growth with data center expansion plans
- Positive technical reversal pattern forming
- Increasing volume on up moves suggests institutional accumulation
- Analyst consensus remains bullish with upside potential
Entry price: $47.09-$47.20 Stop loss: $46.50 Take profit: $48.00
LNT Similar Chart Price Prediction
The price of LNT is predicted to go up 2.31%, based on the high correlation periods with ATO. The similarity of these two price pattern on the periods is 93.56%.
LNT
ATO
Up: 2.31%Similarity: 93.56%
LNT Revenue Forecast
LNT EPS Forecast
LNT FAQs
What is bull’s view on LNT?
What is bear's view on LNT?
What is LNT revenue forecast for next quarter？
What is LNT eps forecast for next quarter？
LNT VS S&P500
Alliant's earnings growth prospects are robust, supported by renewable energy projects that have regulatory support.
Regulators in Iowa and Wisconsin are embracing renewable energy, providing additional growth opportunities with favorable rate-making.
The company operates in constructive jurisdictions, supporting returns and capital projects.
LNT Analyst's Forecast
Andrew Weisel
Scotiabank
Buy → Hold
2024-12-12
Price Target
$64 → $67
Upside
+10.8%
Scotiabank analyst Andrew Weisel downgraded Alliant Energy to Sector Perform from Outperform with a price target of $67, up from $64. The theme of 2025 will be the robust outlook for demand for electricity, which the firm expects to be "a rising tide that will lift all boats," but despite strong fundamentals, the firm doesn't see an attractive near-term outlook for utility stocks, the analyst tells investors in a group 2025 outlook note. Though noting the firm increased price targets by about 6% on average and sees total returns of about 14%, the analyst is "increasingly cautious on the group" and adjusted several ratings to better reflect updated views on regulatory risks.
James Thalacker
BMO Capital
Hold
2024-11-04
Price Target
$65 → $61
Upside
+6.07%
Neil Kalton
Wells Fargo
Buy
2024-10-16
Price Target
$62 → $66
Upside
+5.96%
