MetLife (MET) is currently trading at $82.36 as of the latest data. Based on the Fibonacci levels, the stock is approaching its first resistance level at $82.98, with a pivot point at $80.67. The Relative Strength Index (RSI) for MET is at 50.86, indicating a neutral position, while the MACD shows a slight bearish signal with a value of -0.37.
Recent news indicates that MET has underperformed compared to its peers, but analysts maintain a "Strong Buy" rating with a mean price target of $96.69, suggesting potential upside. However, the stock has faced challenges due to weaker-than-expected earnings in certain segments and broader market concerns about recession and tariffs.
Given the current technical indicators and news sentiment, MET is expected to face resistance at $83.00. If it breaks above this level, the next target could be $84.41. However, if it fails to break out, the stock may dip to $78.36.
Based on the analysis, it is recommended to sell MET at the resistance level of $83.00 and consider buying on a dip to $78.36.
The price of MET is predicted to go up 1.29%, based on the high correlation periods with PRU. The similarity of these two price pattern on the periods is 95.38%.
MET
PRU
MetLife's leading market positions in various international markets (particularly Asia and Latin America) provide opportunities for growth.
MetLife's strategy has reduced exposure to riskier products like variable annuities with minimum guarantees and has increased investments in segments with steadier cash flows like the group benefits business.
The company will be a net beneficiary of rising interest rates in the long run as it can reinvest its maturing fixed-income securities at a higher yield.
Wells Fargo
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Price Target
$92 → $97
Upside
+16.77%
Keefe, Bruyette & Woods
2025-02-12
Price Target
$100 → $98
Upside
+18.46%
BMO Capital
2025-01-23
Price Target
$97
Upside
+11.8%