LUMN Price Prediction Next Week
Analysis and Insights
News Impact:
- Brand Confusion: Lumon Group faced confusion due to its name similarity with the fictional Lumon Industries from "Severance," potentially causing minor market volatility.
- Market Outlook: A study highlights LUMN as a potential loser regardless of broader market performance, indicating weak investor sentiment.
- Analyst Upgrades: Citi upgraded LUMN to "Buy" with a $6.50 target, citing AI infrastructure opportunities, which has positively impacted the stock.
Technical Analysis:
- Current Price: $4.96 as of 2025-03-17.
- RSI: 49.94, indicating a neutral position, not overbought or oversold.
- MACD: Slightly negative, suggesting bearish momentum.
- Fibonacci Levels: Pivot at $4.97, resistance at $5.34, and support at $4.61.
Recent Price Movement:
- After-Hours: Dropped slightly to $4.95.
- Intraday: Gains of +1.85% during regular market hours.
Conclusion:
Given mixed technical signals and the recent analyst upgrade, LUMN may face resistance at $5.34. The stock is likely to consolidate or slightly decline.
Prediction: $5.10
Recommendation: Sell at resistance levels.
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
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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%
