OC Price Prediction Next Week
Technical Analysis
OC stock closed at $165.46 on Friday with a significant decline of -3.86%. The stock has shown increased volatility in recent trading sessions.
Price Movement Analysis
- Current price: $165.46
- Recent high: $173.63
- Recent low: $162.72
- Volume: 1,219,273 (above average)
News Impact
- Owens Corning is scheduled to report Q4 earnings before market open on Monday (Feb 24, 2025)
- Analysts expect EPS of $2.87, representing a 10.59% decrease compared to the same quarter last year
- The company has consistently beat earnings expectations in the past year, with the highest beat of 9.23% in Q3 2024
Market Sentiment
- The broader market sentiment has turned negative, with the CNN Fear & Greed index dropping to the "Fear" zone at 35.4
- Recent economic data showing weakening consumer sentiment and declining services sector PMIs may impact construction-related stocks like OC
Price Prediction for Next Week Based on technical analysis and upcoming earnings:
Bearish Scenario (60% probability):
- Support level: $162.70
- Target: $158-160 range
- Drivers: Earnings miss, broader market weakness
Bullish Scenario (40% probability):
- Resistance level: $173.60
- Target: $175-178 range
- Drivers: Earnings beat, positive guidance
Recommendation: SELL
- The stock shows technical weakness ahead of earnings
- Market sentiment has turned negative
- P/E ratio of 11.11 vs industry average of 12.70 suggests fair valuation
- Consider re-entering after earnings release if fundamentals improve
OC Similar Chart Price Prediction
The price of OC is predicted to go up 0.47%, based on the high correlation periods with EWBC. The similarity of these two price pattern on the periods is 95.61%.
OC
EWBC
Up: 0.47%Similarity: 95.61%
OC Revenue Forecast
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OC Analyst's Forecast
Matthew Bouley
Barclays
Buy
2025-02-26
Price Target
$245 → $215
Upside
+39.28%
Barclays lowered the firm's price target on Owens Corning to $215 from $245 and keeps an Overweight rating on the shares. The firm says glass reinforcements divestiture "creates some model noise" that distracts from tee sales and margin strength in Roofing. The sale proceeds are going to high-return investments and buybacks, the analyst tells investors in a research note.
Garik Shmois
Loop Capital
Strong Buy
2025-01-10
Price Target
$215 → $210
Upside
+25.31%
Paul Lejuez
Citigroup
Strong Buy
2025-01-06
Price Target
$212 → $207
Upside
+20.91%
