OUT Price Prediction Next Week
Technical Analysis
Based on the recent news and technical indicators for OUT (Outfront Media), here is the analysis:
Price Action & Support/Resistance
- Current price shows significant resistance around previous highs
- Key support level identified at recent filing price level
- Volume patterns suggest accumulation phase
News Impact
- Recent automatic mixed securities shelf filing on Feb 28, 2025
- Strong Q4 2024 earnings beat with EPS of $0.43 vs $0.37 consensus
- Upcoming earnings call scheduled which could drive price movement
Technical Indicators
- Price currently testing key resistance levels
- Momentum indicators suggesting potential breakout setup
- Volume trends support bullish case
Price Prediction for Next Week Based on technical analysis and recent positive earnings:
Target Prices:
- Bullish case: $18.50 (break above resistance)
- Base case: $17.25 (consolidation)
- Bearish case: $16.00 (support level)
Recommendation: BUY
- Entry around current levels with stop loss below $16.00
- Strong fundamentals with earnings beat
- Technical setup suggests high probability of upside breakout
- Position size should be managed according to individual risk tolerance
The prediction is based on technical analysis of historical price patterns and recent news events. However, market conditions can change rapidly and past performance does not guarantee future results.
OUT Similar Chart Price Prediction
The price of OUT is predicted to go up 24.38%, based on the high correlation periods with ICUI. The similarity of these two price pattern on the periods is 94.98%.
OUT
ICUI
Up: 24.38%Similarity: 94.98%
OUT Revenue Forecast
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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%
