NOVT Price Prediction Next Week
Prediction and Recommendation for NOVT
Based on the analysis of news sentiment and technical indicators, the predicted price target for NOVT in the next trading week is $142.00.
Technical Indicators Analysis:
- RSI (14): 35.76, indicating oversold conditions and potential for a rebound.
- MACD: Negative signal line crossover, suggesting bearish momentum.
- Stochastic Oscillator: Bullish crossover in oversold territory, signaling a potential short-term reversal.
Fibonacci Levels:
- Resistance Levels: 141.62 (R1), 144.55 (R2)
- Support Levels: 132.12 (S1), 129.18 (S2)
News Sentiment:
- Mixed Q4 results with revenue miss but EPS beat.
- Lowered guidance for Q1 and FY25.
- Analysts maintain a Moderate Buy consensus.
Recommendation:
Sell NOVT at the target price of $142.00. The stock may experience a short-term bounce due to oversold conditions but faces headwinds from negative guidance and technical resistance.
NOVT Similar Chart Price Prediction
The price of NOVT is predicted to go up 11.55%, based on the high correlation periods with CPHC. The similarity of these two price pattern on the periods is 94.83%.
NOVT
CPHC
Up: 11.55%Similarity: 94.83%
NOVT Revenue Forecast
NOVT EPS Forecast
NOVT FAQs
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NOVT Analyst's Forecast
Robert Mason
Baird
Hold
2025-03-03
Price Target
$169 → $160
Upside
+11.6%
Baird analyst Robert Mason lowered the firm's price target on Novanta to $160 from $169 and keeps a Neutral rating on the shares. The firm The firm updated its model following its mixed Q4 report. New products are driving the 2025 outlook which with upside possible if markets rebound.
Robert Mason
Baird
Hold
2024-11-06
Price Target
$175 → $169
Downside
-7.11%
