LW Price Prediction Next Week
Analysis and Insights
Technical Analysis:
Lamb Weston Holdings (LW) is currently trading at $52.9, near its 52-week low of $52.99. The stock has entered oversold territory with an RSI of 29.2, indicating potential buying opportunities as recent selling pressure may be waning. The Fibonacci pivot point is at $52.29, with resistance levels at $54.87 and $56.47, and support levels at $49.71 and $48.11.
News and Sentiment Analysis:
Recent news indicates that JANA Partners has increased its stake in Lamb Weston, signaling investor confidence. However, the company faces challenges such as reduced restaurant traffic and a potato glut, which have impacted margins. Despite these challenges, some analysts believe the stock has potential upside, with a mean price target of $68.45.
Conclusion:
Based on the oversold condition and potential investor interest, LW is expected to see a slight rebound. The stock is predicted to reach $55.50 in the next trading week. A cautious buy approach is recommended, with a stop-loss at $52.00 and a target price of $58.00.
LW Similar Chart Price Prediction
The price of LW is predicted to go up 6.61%, based on the high correlation periods with GBDC. The similarity of these two price pattern on the periods is 98.51%.
LW
GBDC
Up: 6.61%Similarity: 98.51%
LW Revenue Forecast
LW EPS Forecast
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LW VS S&P500
Lamb Weston's products generate high margins for restaurants, increasing their loyalty and willingness to pay for consistency and quality.
Given the popularity of potato products, restaurants are willing to experiment with new innovations, creating future demand and greenfield potential.
Lamb Weston's geographical cost advantages protect it from potential price wars while the quality of its products add demonstrable incremental value to customers' menus.
LW Analyst's Forecast
Lauren Lieberman
Barclays
Buy
2024-12-23
Price Target
$87 → $60
Downside
-6.1%
Barclays lowered the firm's price target on Lamb Weston to $69 from $87 and keeps an Overweight rating on the shares. The firm says it is "loathe to be sellers" with the stock down 20% post earnings. There is now even greater probability for strategic change at Lamb in light of recent news around activist involvement and potential takeout speculation, the analyst tells investors in a research note.
Matthew Smith
Stifel
Hold
2024-12-20
Price Target
$80 → $68
Upside
+9.52%
Thomas Palmer
Citigroup
Strong Buy → Hold
2024-12-20
Price Target
$90 → $68
Upside
+9.52%
