PEN Price Prediction Next Week
Analysis and Insights
To predict the stock price of Penumbra (PEN) for the next trading week, we analyze both news sentiment and technical indicators.
News Sentiment Analysis:
Insider Trading Activity: Significant insider selling has occurred, with EVP Johanna Roberts selling 48 shares and CEO Adam Elsesser selling 5,668 shares. This represents 7.3% of his holdings, with no purchases in the last six months, indicating potential insider concern.
Institutional Investor Movements: 178 institutional investors increased their positions, while 203 decreased theirs, showing mixed sentiment.
Analyst Ratings: Truist Financial and Stifel Nicolaus maintain Buy ratings with a $325 price target, while Morgan Stanley has a Hold rating.
Technical Analysis:
RSI: The RSI_6 (36.51), RSI_12 (46.82), and RSI_14 (48.39) are below 50, indicating bearish momentum.
MACD: The MACD (4.33) is positive, but the signal line (-1.88) suggests weakening upward momentum.
Stochastic Oscillator: K (32.77) and D (40.95) are in lower ranges, suggesting oversold conditions.
Moving Averages: The price (270.12) is below SMA_20 (280.24) and SMA_60 (262.65), indicating a short-term downtrend.
Fibonacci Levels: Resistance at 292.17 and 298.11; support at 272.94 and 267.38. The pivot is at 282.55.
Price Prediction:
Given the bearish technical indicators and insider selling, PEN is expected to face downward pressure. The next support level is at 272.94.
Recommendation:
Sell Penumbra (PEN) as the stock is likely to decline to the support level of $272.94 next week.
PEN Similar Chart Price Prediction
The price of PEN is predicted to go up -7.89%, based on the high correlation periods with NUWE. The similarity of these two price pattern on the periods is 96.47%.
PEN
NUWE
Down: -7.89%Similarity: 96.47%
PEN Revenue Forecast
PEN EPS Forecast
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PEN Analyst's Forecast
Shagun Singh
RBC Capital
Buy
2025-02-19
Price Target
$285 → $313
Upside
+3.04%
RBC Capital raised the firm's price target on Penumbra to $313 from $285 and keeps an Outperform rating on the shares. The company delivered a Q4 beat on sales/EPS, and introduced "conservative" 2025 guidance for sales/margins given the positive trends in Lightning Flash 2.0/Lightning Bolt 7, the analyst tells investors in a research note. Innovation in a highly under-penetrated market should drive Penumbra's double-digit revenue growth profile while driving meaningful margin expansion, the firm adds.
Jason Mills
Canaccord Genuity
Strong Buy
2025-02-19
Price Target
$323 → $340
Upside
+11.93%
Priya Sachdeva
UBS
Strong Buy
2025-02-19
Price Target
$305 → $320
Upside
+5.35%
