Based on the provided data and technical analysis, here's the prediction for LOW stock price next week:
Technical Analysis:
The technical indicators show:
News Sentiment Analysis:
Price Target for Next Week: Based on technical indicators and Fibonacci levels:
Expected price range: $253-267
Trading Recommendation: SELL with target entry at current market price
Rationale:
The stock is expected to experience some downward pressure in the short term before potentially rebounding from support levels.
The price of LOW is predicted to go up 8.08%, based on the high correlation periods with INSM. The similarity of these two price pattern on the periods is 97%.
LOW
INSM
Year
LOW Price Forecast($)
Potential Return(%)
2025
300.000
20.730
2026
300.000
15.370
2027
320.000
23.060
2028
350.000
34.590
2029
350.000
34.590
2030
350.000
34.590
The divestiture of dilutive Canadian business structurally lifted Lowe's profitability profile. With continued focus on extracting inefficiencies, Lowe's is set to reach midteens operating margin longer term.
Higher home prices and aging housing stock support demand, generating an estimated cumulative free cash flow to the firm of $46 billion over the next five years.
Perpetual productivity initiatives, which could improve the supply chain and inventory management could boost inventory turnover and working capital generation above levels that we currently anticipate.
Bernstein
2024-12-12
Price Target
$301 → $304
Upside
+15.37%
Evercore ISI Group
2024-12-12
Price Target
$270 → $290
Upside
+10.06%
Bernstein
2024-11-20
Price Target
$306 → $301
Upside
+14.44%