PEG Price Prediction Next Week
Based on the provided data and technical analysis, here is the prediction for PEG's stock price next week:
Technical Analysis
- Current price: $87.11 (Fibonacci pivot point)
- RSI(14): 55.26, indicating neutral momentum
- MACD: 0.46, showing bullish momentum
- Key resistance levels: R1 at $90.07, R2 at $91.89, R3 at $94.84
- Key support levels: S1 at $84.16, S2 at $82.34, S3 at $79.38
News Sentiment Analysis
- Wells Fargo maintained Buy rating with $100 price target
- Guggenheim also issued Buy rating and raised price target to $98
- Q4 earnings expected on February 24, with EPS forecast of $0.83, up 53.7% YoY
- Recent insider selling activity: CEO sold 17,421 shares
- Stock has risen 52% over past 52 weeks, outperforming both S&P 500 and Utilities sector
Price Prediction for Next Week Based on technical indicators and news sentiment:
- Bullish scenario (60% probability): Price likely to test R1 at $90.07
- Base scenario (30% probability): Consolidation between $85-88
- Bearish scenario (10% probability): Drop to S1 at $84.16
Trading Recommendation BUY with entry at current level ($87.11) with:
- Target 1: $90.07 (R1)
- Target 2: $91.89 (R2)
- Stop loss: $84.16 (S1)
The positive analyst ratings, strong earnings growth expectations, and bullish technical indicators support an upward price movement, though recent insider selling suggests some caution is warranted.
PEG Similar Chart Price Prediction
The price of PEG is predicted to go up 62.52%, based on the high correlation periods with ML. The similarity of these two price pattern on the periods is 92.26%.
PEG
ML
Up: 62.52%Similarity: 92.26%
PEG Revenue Forecast
PEG EPS Forecast
PEG FAQs
What is revenue forecast for next quarter？
What is eps forecast for next quarter？
PEG VS S&P500
PSEG has paid a dividend every year since 1907 and accelerated dividend growth the last two years. We expect dividend growth to continue in line with earnings growth.
PSEG has established strong regulatory relationships that support what we think could be $20 billion of capital investment during the next five years.
New Jersey's aggressive clean energy goals should result in many infrastructure growth opportunities for PSEG.
PEG Analyst's Forecast
Nicholas Campanella
Barclays
Buy
Price Target
$98 → $88
Upside
+5.04%
Barclays lowered the firm's price target on PSEG to $88 from $98 and keeps an Overweight rating on the shares post the Q3 report. The firm sees the share underperformance as a buying opportunity. The share reaction seems overdone relative to PSEG's long term path of nuclear optimization, the analyst tells investors in a research note.
Neil Kalton
Wells Fargo
Buy
Price Target
$85 → $100
Upside
+10.85%
Greg Gordon
Evercore ISI Group
Buy
Price Target
$92 → $95
Upside
+4.41%