PLMR Price Prediction Next Week
Stock Price Prediction for Palomar Holdings (PLMR)
Fundamental Analysis:
- Zacks Rank: PLMR holds a Zacks Rank #1 (Strong Buy), indicating strong market confidence.
- Growth Prospects:
- Revenue growth is projected at 33.6% for this year and 22.1% for next year.
- Earnings are expected to grow 25% this year and 18.3% next year.
- Valuation: The stock trades at 22.9x forward earnings, below the industry average of 29.8x, suggesting it is undervalued.
Technical Analysis:
- RSI: RSI values (60.55, 62.63, 62.68) indicate the stock is not overbought.
- Stochastic Oscillator: StochD_14_3_3 at 64.92 shows bullish momentum.
- MACD: Positive MACD (4.57) and MACDh (0.12) confirm upward momentum.
- Fibonacci Levels: Pivot at 127.42, resistance at 133.99 and 138.05, support at 120.86 and 116.80.
- Bollinger Bands: Price near lower band suggests potential upside.
News Impact:
- Upcoming Investor Day on March 20 could drive positive sentiment.
- Stock recently crossed above the average analyst target price of $118.83.
Price Prediction:
- Target Price: $133.99 (Fibonacci R1).
- Stop-Loss: $120.86 (Fibonacci S1).
Recommendation:
Buy PLMR with a target price of $133.99 and a stop-loss at $120.86.
PLMR Similar Chart Price Prediction
The price of PLMR is predicted to go up 14.57%, based on the high correlation periods with SILC. The similarity of these two price pattern on the periods is 98.71%.
PLMR
SILC
Up: 14.57%Similarity: 98.71%
PLMR Revenue Forecast
PLMR EPS Forecast
PLMR FAQs
What is PLMR revenue forecast for next quarter？
What is PLMR eps forecast for next quarter？
PLMR Analyst's Forecast
Mark Hughes
Truist Securities
Strong Buy
2025-02-14
Price Target
$112 → $150
Upside
+18.18%
Truist analyst Mark Hughes raised the firm's price target on Palomar to $150 from $112 and keeps a Buy rating on the shares. Citing higher net earned premiums and a lower assumed combined ratio, the firm is raising its 2025 EPS estimate to $6.65 from $5.80.
Paul Newsome
Piper Sandler
Buy
2025-02-14
Price Target
$133 → $150
Upside
+18.18%
Paul Newsome
Piper Sandler
Buy
2025-01-06
Price Target
$119 → $133
Upside
+24.89%
