NOMD Price Prediction Next Week
Stock Price Prediction for NOMD
Based on the analysis of news and technical indicators, here is the prediction for NOMD:
News Analysis:
- Earnings Beat: NOMD reported a 4.3% year-on-year sales growth in Q4 FY24, surpassing analyst expectations. Adjusted EPS of $0.46 beat the consensus estimate of $0.37, demonstrating strong financial performance.
- Positive Outlook: The company raised its adjusted EPS outlook for 2025 to $1.94–$1.98, reflecting confidence in future growth.
Technical Indicators:
- RSI: NOMD's RSI (14) is at 72.83, indicating overbought conditions but not yet extreme.
- MACD: The MACD line is above the signal line, suggesting bullish momentum.
- SMA: The stock is trading above its 20, 50, and 200-day moving averages, indicating a strong uptrend.
- Fibonacci Levels: Resistance levels at 20.56 and 21.11, with support at 18.78.
Price Prediction:
- Target Price: $21.20
- Recommendation: Buy
Conclusion:
NOMD is expected to rise to $21.20 next week, driven by strong earnings and positive technical indicators.
NOMD Similar Chart Price Prediction
The price of NOMD is predicted to go up -1.57%, based on the high correlation periods with PBF. The similarity of these two price pattern on the periods is 98.15%.
NOMD
PBF
Down: -1.57%Similarity: 98.15%
NOMD Revenue Forecast
NOMD EPS Forecast
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NOMD Analyst's Forecast
John Baumgartner
Mizuho
Buy
2025-03-04
Price Target
$24 → $26
Upside
+28.14%
Mizuho analyst John Baumgartner raised the firm's price target on Nomad Foods to $26 from $24 and keeps an Outperform rating on the shares. The company's Q4 volume and mix showed "robust acceleration," the analyst tells investors in a research note. The firm says Nomad's fiscal 2025 guidance continues to embed "meaningful reinvestment," suggesting the balance of risks is skewed to upside while also reinforcing the thesis for material cost savings that enable reinvestment without sacrificing EBITDA.
Lauren Lieberman
Barclays
Buy
2025-03-03
Price Target
$19 → $23
Upside
+15.93%
Lauren Lieberman
Barclays
Buy
2025-01-17
Price Target
$21 → $19
Upside
+11.96%
