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MIDD Stock Price Prediction

Middleby Corp
$
151.670
+3.980(+2.690%)

MIDD Price Prediction Next Week

Analysis and Insights

Technical Analysis:

The Middleby Corporation (MIDD) stock is currently trading at $159.80 as of 2025-03-10. Based on the technical indicators:

  • RSI (14-period): 47.73, indicating the stock is in a neutral zone but approaching oversold territory.
  • MACD: The MACD line is slightly above the signal line, suggesting a weak bullish signal.
  • Stochastic Oscillator: The %K line is below the %D line, indicating bearish momentum.
  • Fibonacci Levels: The stock is currently testing the lower end of the Fibonacci range, with a pivot point at $167.13.

News and Sentiment Analysis:

Recent news highlights mixed analyst sentiment. KeyBanc and Canaccord Genuity have reaffirmed Buy ratings, while J.P. Morgan maintains a Sell rating. The company reported strong Q4 2024 results, with revenue of $1.01 billion and a net profit of $112.3 million, showing a 47.5% increase in net profit compared to the previous year.

Market Trends:

The stock market is experiencing volatility due to new tariffs, but MIDD is highlighted as a company with steady sales growth, making it a potential investment opportunity.

Price Prediction:

Based on the technical indicators and mixed analyst sentiment, the stock is expected to trade around $160 next week. The bearish technical indicators and mixed analyst ratings suggest a cautious outlook.

Recommendation:

Sell rating for the next trading week, as the stock may experience short-term downward pressure due to technical resistance and mixed analyst sentiment.

MIDD Similar Chart Price Prediction

The price of MIDD is predicted to go up 2.02%, based on the high correlation periods with GGZ. The similarity of these two price pattern on the periods is 95.58%.

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MIDD

Future prediction

Up: 2.02%

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GGZ

Up: 2.02%Similarity: 95.58%

MIDD Revenue Forecast

MIDD EPS Forecast

MIDD FAQs

What is MIDD revenue forecast for next quarter?

The market consensus for MIDD's revenue in the upcoming quarter is projected to be approximately $941.343M USD.

What is MIDD eps forecast for next quarter?

MIDD VS S&P500

Middleby Corp
SPDR S&P 500

MIDD Analyst's Forecast

Brian McNamara

Canaccord Genuity

Strong Buy

2025-02-26

Price Target

$192 → $200

Upside

+20.95%

Canaccord raised the firm's price target on Middleby to $200 from $192 and keeps a Buy rating on the shares. The firm said they reported Q4 results that were ahead on the top and signifcantly above on profitability.
Adam Seiden

Barclays

Buy

2025-02-26

Price Target

$160 → $180

Upside

+8.85%

Saree Boroditsky

Jefferies

Strong Buy → Hold

2024-12-12

Price Target

$170 → $160

Upside

+13.41%