MHK Price Prediction Next Week
Analysis and Insights
News Sentiment and Fundamental Analysis:
Mohawk Industries (MHK) has shown resilience despite macroeconomic challenges, with strong earnings and a focus on innovation. Hedge funds have increased their positions, indicating confidence. However, weak Q1 guidance and high interest rates pose risks.
Technical Analysis:
- Price Action: MHK is trading at $118.24 with a 1.05% gain. The RSI is neutral, and the MACD is slightly bearish.
- Fibonacci Levels: Resistance at $118.93 and support at $112.85.
Prediction and Recommendation:
The stock is expected to trade around $118.50 next week. Considering mixed signals, a cautious approach is advised.
Prediction: $118.50
Recommendation: Sell
MHK Similar Chart Price Prediction
The price of MHK is predicted to go up -26.46%, based on the high correlation periods with ATHA. The similarity of these two price pattern on the periods is 94.49%.
MHK
ATHA
Down: -26.46%Similarity: 94.49%
MHK Revenue Forecast
MHK EPS Forecast
MHK FAQs
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MHK Analyst's Forecast
Michael Rehaut
JP Morgan
Buy
2025-02-10
Price Target
$161 → $156
Upside
+30.76%
JPMorgan lowered the firm's price target on Mohawk Industries to $156 from $161 and keeps an Overweight rating on the shares following the Q4 report. Competition for volume will continue to pressure the company's pricing, though its mix should benefit from last year's product launches, premium collections and commercial, the analyst tells investors in a research note. The firm sees an "inexpensive valuation" at current share levels and says Mohawk has several margin drivers for 2025 and a strong balance sheet.
Matthew Bouley
Barclays
Hold
2025-02-10
Price Target
$130 → $125
Upside
+4.78%
Timothy Wojs
Baird
Buy
2025-02-10
Price Target
$160 → $152
Upside
+27.41%
