The stock is expected to reach $185-190 by mid-2025, driven by strong technical support levels and positive momentum indicators. The Fibonacci resistance levels show R1 at $182.83 and R2 at $187.97, suggesting these as key target zones. The current consolidation pattern near $165-170 range provides a solid base for this upward movement.

The prediction is supported by the stock's historical resilience at maintaining support levels around the 200-day moving average of $177.32, combined with positive industry fundamentals and construction sector growth expectations.

What is surpport and resistant level for OC Stock?

The S1 support level for OC Stock is $155.56 ,The R1 resistant level for OC Stock is $177.09.

What is the current price of OC Stock?

As of the end of day on 2025-02-28, the price of OC Stock was $154.13.

What is the target price of OC Stock?

The target price for OC Stock according to analyst rating is 225.11, with the highest price target at 245.00 and the lowest at 205.00. Analysts have a Strong Buy rating on OC Stock overall.

What is the market cap of Owens Corning?

The market cap of OC is $13.0B.

Is Owens Corning (OC) overvalued?

Based on the recent Q4 earnings report and current market data, OC appears fairly valued at current levels. The company's PE ratio has increased from 6.72 to 11.28 year-over-year, suggesting some valuation expansion but still reasonable compared to industry averages. Strong Q4 performance with 23% revenue growth and better-than-expected EPS of $3.22 vs $2.90 consensus demonstrates solid execution. Technical indicators show the stock is currently trading near its 200-day moving average of $177.32, with RSI at 29.82 indicating oversold conditions that could present a buying opportunity. The company's strategic repositioning focusing on building products in North America and Europe, along with projected mid-20% revenue growth for Q1 2025, supports the current valuation levels.

What is Owens Corning (OC)'s business?

Owens Corning is a provider of building and construction materials. The Company operates through three segments: Roofing, Insulation and Composites. Its Roofing segment manufactures and sells residential roofing shingles, oxidized asphalt materials, and roofing components used in residential and commercial construction and specialty applications. Its Insulation segment manufactures and sells thermal and acoustical batts, loosefill insulation, spray foam insulation, foam sheathing and accessories. Its Composites segment includes vertically integrated material solutions. Its Composites segment includes vertically integrated material solutions and is engaged in manufacturing, fabricating and selling glass reinforcements in the form of fiber. Its glass reinforcement materials are used downstream by this segment to manufacture and sell glass fiber products in the form of non-wovens, fabrics and composite lumber. It operates in the United States, Europe, Asia-Pacific and Rest of world.

What is price prediction 2030 for OC Stock?

Based on the provided data and context, here is a concise 3-sentence price prediction for OC stock in 2030:

Owens Corning (OC) stock is projected to reach $225-235 by 2030, driven by its strategic focus on North American and European building products markets and consistent execution of growth initiatives including capacity expansions and acquisitions. The company's strong financial performance, with 23% revenue growth to $2.84B in Q4 2024 and projected mid-20% growth in Q1 2025, demonstrates momentum that should support long-term appreciation. The stock's valuation remains reasonable at current levels with a P/E around 11x, suggesting room for multiple expansion as the company realizes synergies from recent deals like Masonite while maintaining solid margins in the low-20% range.