OLLI Price Prediction Next Week
Prediction and Recommendation for OLLI Stock
Based on the analysis of news sentiment and technical indicators, here is the prediction and recommendation for OLLI stock:
News Sentiment and Fundamental Analysis:
- Analyst Upgrades: Morgan Stanley raised its price target for OLLI from $108 to $118, maintaining an Equal-Weight rating. UBS also increased its target from $117 to $123, signaling positive sentiment among analysts.
- Earnings Report: Ollie's Bargain Outlet reported Q4 EPS of $1.19, in line with expectations, and announced a $300 million share repurchase program, indicating confidence in its growth prospects.
- Store Expansion: The company plans to open 75 new stores in fiscal 2025, which could drive future revenue growth.
Technical Analysis:
- Current Price: $107.75 as of March 24, 2025.
- Fibonacci Levels: Pivot at $103.86, resistance at $109.47, and support at $98.26.
- RSI: 54.83, indicating the stock is not oversold.
- MACD: Slightly positive, suggesting mild bullish momentum.
Prediction:
The stock is expected to rise to $110 in the next trading week, driven by positive analyst sentiment and expansion plans. However, it may face resistance at this level.
Recommendation:
Sell at $110 if the stock reaches this resistance level, as further upward momentum is uncertain without stronger technical confirmation.
OLLI Similar Chart Price Prediction
The price of OLLI is predicted to go up 6.25%, based on the high correlation periods with EVCM. The similarity of these two price pattern on the periods is 90.73%.
OLLI
EVCM
Up: 6.25%Similarity: 90.73%
OLLI Revenue Forecast
OLLI EPS Forecast
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OLLI Analyst's Forecast
Peter Keith
Piper Sandler
Buy
2025-03-20
Price Target
$126 → $124
Upside
+17.85%
Piper Sandler lowered the firm's price target on Ollie's Bargain Outlet to $124 from $126 on updated estimates, while keeping an Overweight rating on the shares following Q4 results. The firm thinks Ollie's Bargain Outlet has one of the best set-ups within its coverage universe for 2025. Not only should Ollie's Bargain Outlet's closeout business model see strength in an uncertain consumer spending environment, but also there are numerous benefits from the Big Lots liquidation that do not appear to be factored into the 2025 guidance, Piper adds.
Simeon Gutman
Morgan Stanley
Hold
2025-03-20
Price Target
$108 → $118
Upside
+12.15%
Steven Shemesh
RBC Capital
Buy
2025-03-07
Price Target
$130 → $133
Upside
+29.09%
