LUMN Price Prediction Next Week
Stock Price Prediction for LUMN (Lumen Technologies)
News Analysis:
- Brand Confusion: LUMN was confused with a fictional company, causing some volatility, but this is unlikely to have a lasting impact.
- Analyst Upgrade: Citi upgraded LUMN to a "Buy" rating with a $6.50 target, indicating confidence in its future performance.
- Microsoft's Data Center Plans: Concerns arise as Microsoft may reduce data center expansion, potentially affecting LUMN's revenue.
Technical Indicators:
- RSI: Around 50, indicating a neutral position.
- MACD: Slightly negative, suggesting a bearish trend.
- Fibonacci Levels: Resistance at $5.14 and support at $4.68.
- Moving Averages: Below 50 and 200-day SMAs, bearish, but above 20-day SMA, indicating support.
Price Action:
- Current Price: $4.96 with pre-market up 2.03% and regular market up 0.81%.
- Volume: Moderate, showing some investor interest.
Conclusion:
Given mixed technical indicators and news, LUMN is expected to face headwinds. The analyst upgrade is positive, but potential data center slowdowns pose risks. The stock is likely to decline to $4.60 next week.
Recommendation: Sell LUMN as it is expected to drop to $4.60 in the next trading week.
LUMN Similar Chart Price Prediction
The price of LUMN is predicted to go up 1.85%, based on the high correlation periods with GATX. The similarity of these two price pattern on the periods is 91.42%.
LUMN
GATX
Up: 1.85%Similarity: 91.42%
LUMN Revenue Forecast
LUMN EPS Forecast
LUMN FAQs
What is LUMN revenue forecast for next quarter？
What is LUMN eps forecast for next quarter？
LUMN VS S&P500
After several business divestitures over the past few years, Lumen is more focused and better positioned for a turnaround.
Lumen's focus on newer-age, cloud-based telecom service will soon more than offset legacy declines and bring the firm back to sales growth.
The explosion in data use, particularly mobile, could make fiber assets much more lucrative than they have historically been, and Lumen's fiber holdings place it in the top two or three in the U.S.
LUMN Analyst's Forecast
Michael Rollins
Citigroup
Hold → Strong Buy
2025-02-26
Price Target
$8 → $6.5
Upside
+38%
Citi upgraded Lumen to Buy from Neutral with a $6.50 price target.
Eric Luebchow
Wells Fargo
Sell → Hold
2025-02-21
Price Target
$5
Upside
+7.3%
Michael Rollins
Citigroup
Hold
2024-11-29
Price Target
$6.5 → $8
Upside
+8.99%
