OUT Price Prediction Next Week
Analysis and Insights
News and Event Impact:
Outfront Media (OUT) has recently filed for an automatic mixed securities shelf, indicating potential future capital raising activities. The company is set to report its Q1 2025 earnings on May 1, with analysts expecting a loss of $0.03 per share and revenue of $405.93 million, slightly down from the previous year. Despite revenue challenges, the company reported strong Q4 2024 earnings, beating EPS estimates.
Technical Analysis:
The stock is currently trading at $16.68, near its Fibonacci pivot level of $16.62. Key technical indicators include:
- RSI (14): 36.33, indicating oversold conditions.
- MACD: -0.58, showing bearish momentum but with potential for reversal.
- Stochastic Oscillator: 24.18, also in oversold territory.
Fibonacci Levels:
- Resistance Levels: $17.53, $18.09
- Support Levels: $15.71, $15.15
Price Prediction and Recommendation:
Given the oversold RSI and Stochastic levels, combined with the stock's proximity to the Fibonacci pivot, there is potential for a short-term rebound. The upcoming earnings report could act as a catalyst for price movement.
Predicted Price for Next Trading Week: $17.50
Recommendation: Buy on dips near the support levels, targeting the resistance at $17.53.
OUT Similar Chart Price Prediction
The price of OUT is predicted to go up 12.59%, based on the high correlation periods with FBP. The similarity of these two price pattern on the periods is 97.5%.
OUT
FBP
Up: 12.59%Similarity: 97.5%
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OUT Analyst's Forecast
Benjamin Swinburne
Morgan Stanley
Hold
2024-12-18
Price Target
$17 → $18
Upside
+2.62%
Morgan Stanley raised the firm's price target on Outfront Media to $18 from $17 and keeps an Equal Weight rating on the shares. The firm remains constructive on out-of-home advertising, driven by robust local ad spend, though it sees current valuations reflecting this strength, the analyst tells investors.
Daniel Osley
Wells Fargo
Buy
2024-09-19
Price Target
$22
Upside
+21.75%
