NDSN Price Prediction Next Week
Based on the available data and technical analysis, here's the price prediction for NDSN for the next trading week:
Technical Analysis
- Current price: $216.00
- RSI(14) at 43.87 indicates neutral momentum but slightly oversold
- MACD at -1.06 shows bearish momentum in the short term
- Price is trading below both SMA-20 ($215.63) and SMA-200 ($241.66), indicating overall bearish trend
Key Price Levels
- Resistance levels: R1: $222.98, R2: $225.68, R3: $230.04
- Support levels: S1: $214.26, S2: $211.56, S3: $207.20
- Fibonacci pivot: $218.62
Recent Developments Loop Capital recently upgraded NDSN to Buy from Hold with a price target increase from $255 to $280, citing expectations for improved organic sales growth through FY25.
Earnings Catalyst NDSN will report Q1 FY2025 earnings on February 19. Analysts expect:
- EPS of $2.08 (vs $2.21 year ago)
- Revenue guidance: $615-655 million
- Previous quarter showed 3% organic sales decline due to softness in polymer processing
Price Prediction for Next Week Based on technical indicators and upcoming earnings:
- Most likely scenario (60%): Range-bound trading between $214-$223
- Bullish case (25%): Break above $223 could push price to $225-230 range
- Bearish case (15%): Break below $214 support could see decline to $211-207 range
Trading Recommendation: SELL
- Entry: Current price ($216)
- Target: $211.56 (S2 level)
- Stop loss: $222.98 (R1 level)
- Risk/Reward ratio: 1:1.2
Rationale: Bearish technical setup combined with pre-earnings uncertainty suggests downside risk in the short term. The stock remains in a broader downtrend below key moving averages.
NDSN Similar Chart Price Prediction
The price of NDSN is predicted to go up 10.84%, based on the high correlation periods with ZBRA. The similarity of these two price pattern on the periods is 96.3%.
NDSN
ZBRA
Up: 10.84%Similarity: 96.3%
NDSN Revenue Forecast
NDSN EPS Forecast
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NDSN VS S&P500
Nordson is poised to benefit from innovation in its end markets, including autonomous vehicles, 5G, and 3D wafer stacking, as new technologies drive demand for its dispensing solutions.
Over half of Nordson's revenue is recurring, which helps mitigate the firm's exposure to cyclical end markets.
Nordson has a large installed base of equipment and strong share across a number of niche end markets.
NDSN Analyst's Forecast
Walt Liptak
Seaport Global
Hold → Strong Buy
2024-12-17
Price Target
$250
Upside
+11.6%
Seaport Research upgraded Nordson to Buy from Neutral with a $250 price target. The firm cites valuation and expectations that the "NBS Next strategy" should return the company to above-average profitable growth. The pullback in the stock is a buying opportunity, the analyst tells investors in a research note. Seaport says that during the last two years, Nordson's organic sales and cash earnings growth rate declined, due to some sector headwinds in Advanced Tech, Medical and recently Industrial. However, many of the headwinds are coming to an end, or close to coming to an end, the firm contends.
Michael Halloran
Baird
Buy → Hold
2024-12-13
Price Target
$294 → $237
Upside
+4.65%
