LPL Price Prediction Next Week
Analysis and Insights
News Impact:
- Q4 Financial Performance: LG Display reported a net loss of KRW 839 billion in Q4 2024, despite a 6% year-over-year increase in revenue to KRW 7.83 trillion.
- New Automotive Technology: LG Display has commenced mass production of the first 40-inch Pillar to Pillar (P2P) automotive display, enhancing the driving experience with advanced features like Switchable Privacy Mode and local dimming technology.
Technical Indicators:
- RSI: 50.68 (14-day) indicates a neutral position, not overbought or oversold.
- MACD: Slightly negative (-0.02), suggesting a weak bearish trend.
- Fibonacci Levels: Resistance at 3.2800, support at 3.0800, with a pivot at 3.2100.
Price Action:
The stock is currently trading at $3.21, near the lower end of its recent range. The new product launch could act as a catalyst for a price increase.
Prediction and Recommendation:
Based on the potential positive impact of the new automotive display technology and the stock's current price near support levels, the predicted price for the next trading week is $3.28.
Recommendation: Buy, as the stock is expected to rise to the resistance level of $3.28.
LPL Similar Chart Price Prediction
The price of LPL is predicted to go up 19.28%, based on the high correlation periods with NVRO. The similarity of these two price pattern on the periods is 94.9%.
LPL
NVRO
Up: 19.28%Similarity: 94.9%
LPL Revenue Forecast
LPL EPS Forecast
LPL FAQs
What is LPL revenue forecast for next quarter？
What is LPL eps forecast for next quarter？
LPL Analyst's Forecast
Peter Lee
Citigroup
Strong Buy → Strong Sell
2024-10-24
Price Target
n/a
Downside
0%
Citi double downgraded LG Display to Sell from Buy with a price target of KRW 7,000, down from KRW 18,000. The company reported a Q3 loss due to continuous OLED demand weakness, particularly in the tablet market, along with a one-off expense, the analyst tells investors in a research note. Citi anticipates LG will face "fierce competition" against BOE and Samsung as well as a challenging Chinese display market.
