To predict the stock price of Nordson Corporation (NDSN) for the next trading week, we analyze both fundamental and technical factors, including recent news and technical indicators.
Analyst Upgrades: NDSN received an upgrade from KeyBanc to "Overweight" with a price target of $260, reflecting confidence in the company's growth prospects. This upgrade suggests positive sentiment among analysts.
Dividend Announcement: NDSN declared a quarterly dividend of $0.78 per share, indicating stability and a commitment to returning value to shareholders.
Earnings and Revenue: While recent earnings showed a slight miss on revenue and EPS, the company highlighted an $85 million backlog increase, indicating potential future growth.
Price Trends: NDSN closed at $214.99 on March 10, 2025, with a slight decline of 0.15% in pre-market trading. The stock has shown volatility but remains above its 200-day moving average, suggesting long-term bullish momentum.
Technical Indicators:
Volume: Increased volume on the last trading day suggests heightened interest in the stock.
Based on the analysis, NDSN is expected to trade between $206.52 and $215.61 in the next trading week. The stock may face resistance at $215.61 and support at $206.52.
Given the mixed technical signals and positive analyst sentiment, it is recommended to hold or buy on dips near the support level of $206.52. The stock's long-term outlook remains positive, but short-term volatility should be monitored.
The price of NDSN is predicted to go up -0.12%, based on the high correlation periods with BRKR. The similarity of these two price pattern on the periods is 93.9%.
NDSN
BRKR
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.
Keybanc
2025-03-04
Price Target
$260
Upside
+25.88%
Seaport Global
2024-12-17
Price Target
$250
Upside
+11.6%
Baird
2024-12-13
Price Target
$294 → $237
Upside
+4.65%