MAIN Price Prediction Next Week
Analysis and Insights
News Sentiment and Insider Activity:
- Director's Stock Sale: Vincent Foster sold 85,000 shares on March 5th, which may indicate insider sentiment.
- Analyst Insights: Analysts have raised the price target for Main Street from $52 to $62, highlighting strong financial results and growth potential.
Technical Indicators:
- RSI: 45.12 (neutral, not overbought or oversold).
- MACD: -0.77 (slightly bearish but close to zero, indicating potential bullish crossover).
- Price: $58.28, with a 1.29% increase today.
Fibonacci Levels:
- Pivot: $56.59
- Resistance Levels: $58.07 (R1), $58.98 (R2), $60.46 (R3)
- Support Levels: $55.11 (S1), $54.20 (S2), $52.72 (S3)
Conclusion:
Based on the analysis, the stock is expected to rise to $60.46 next week. The positive analyst sentiment and strong financial results outweigh the insider selling, and the technical indicators suggest a bullish trend.
Recommendation: Buy MAIN at the current price of $58.28 with a target of $60.46.
MAIN Similar Chart Price Prediction
The price of MAIN is predicted to go up 34.32%, based on the high correlation periods with SANM. The similarity of these two price pattern on the periods is 96.58%.
MAIN
SANM
Up: 34.32%Similarity: 96.58%
MAIN Revenue Forecast
MAIN EPS Forecast
MAIN FAQs
What is MAIN revenue forecast for next quarter？
What is MAIN eps forecast for next quarter？
MAIN Analyst's Forecast
Mark Hughes
Truist Securities
Hold
2025-03-03
Price Target
$52 → $62
Upside
+2.45%
Truist analyst Mark Hughes raised the firm's price target on Main Street to $62 from $52 but keeps a Hold rating on the shares after its Q4 earnings beat. The stock's valuation at the high end of the peer group is appropriate given the company's unique strategy and strong long-term execution, the analyst tells investors in a research note. Truist adds however that it sees shares as fairly valued at current levels.
Bryce Rowe
B. Riley Securities
Hold
2024-11-11
Price Target
$49 → $51
Downside
-2.69%
