MMC Price Prediction Next Week
Based on the provided data and current market conditions, here's the analysis for MMC's stock price prediction for the next trading week:
Technical Analysis
The stock is showing a bullish trend with key technical indicators:
- Price crossed above 200-day moving average
- RSI at 58.87 indicates moderate momentum without being overbought
- MACD at 0.13 suggests positive momentum
- Current price at $218.96 is near Fibonacci R1 resistance of $218.65
News Sentiment Analysis
- Positive news about MMC's acquisition of McGriff Insurance Services for $7.75 billion
- Strong analyst ratings with RBC Capital upgrading to Outperform with $250 price target
- Insurance sector remains robust with continued rate increases
- Company's diversified business mix provides stability against P&C pricing fluctuations
Price Targets for Next Week
- Bullish scenario (60% probability): $221.57 (Fibonacci R2)
- Base scenario (30% probability): $218.65-$221.57 (Trading range between R1-R2)
- Bearish scenario (10% probability): $209.21 (Fibonacci S1)
Target Price: $221.50
Recommendation: BUY Rationale:
- Strong technical setup with price above key moving averages
- Positive analyst sentiment with recent upgrade
- McGriff acquisition expected to strengthen market position
- Insurance sector fundamentals remain strong with continued rate increases
The stock is likely to test the Fibonacci R2 level at $221.57 next week, supported by positive momentum indicators and favorable news sentiment.
MMC Similar Chart Price Prediction
The price of MMC is predicted to go up -9.03%, based on the high correlation periods with GBIO. The similarity of these two price pattern on the periods is 92.83%.
MMC
GBIO
Down: -9.03%Similarity: 92.83%
MMC Revenue Forecast
MMC EPS Forecast
MMC FAQs
What is revenue forecast for next quarter？
What is eps forecast for next quarter？
MMC VS S&P500
Relatively steady revenue and a flexible cost structure, combined with limited capital requirements, make Marsh McLennan a reliable producer of strong free cash flow.
The meaningful improvement in margins on the consulting side puts Marsh McLennan's profitability on a firmer base.
Marsh McLennan has the longest record of experience in managing diversified operations, which may make it more nimble in adjusting to any industry changes.
MMC Analyst's Forecast
Jimmy Bhullar
JP Morgan
Hold
Price Target
$230 → $235
Upside
+11.23%
JPMorgan analyst Jimmy Bhullar raised the firm's price target on Marsh McLennan to $235 from $230 and keeps a Neutral rating on the shares. The analyst remains upbeat on business trends in the property and casualty sector heading into 2025 and feels that ongoing firm pricing and the group's defensive risk profile position it to outperform. However, optimistic earnings expectations, bullish sentiment, and current valuations "make the upside in stocks less compelling than a year ago," the analyst tells investors in a research note. By segment, the firm is most bullish on personal lines stocks due to a positive view of margins.
David Motemaden
Evercore ISI Group
Buy
Price Target
$242
Upside
+4.89%
Harry Fong
Roth MKM
Hold
Price Target
$220 → $230
Upside
+2.37%