PNFP Price Prediction Next Week
Analysis and Insights
News Analysis:
Director Stock Sale: Pinnacle Financial's director David Ingram sold 47.1K shares of common stock on February 6th for a total of $5.95 million. This insider selling activity may indicate a lack of confidence in the stock's short-term prospects.
ETF Analysis: The First Trust Nasdaq BuyWrite Income ETF (FTQI) has Pinnacle Financial Partners Inc. (PNFP) as one of its notable holdings, with an analyst target price of $133.20, representing an 11.14% upside from its recent price of $119.85.
Technical Indicators:
RSI Analysis: PNFP's RSI_6 is at 24.55, indicating the stock is oversold and potentially due for a rebound.
MACD Analysis: The MACD is currently at -3.52, showing bearish momentum, but the oversold RSI suggests a potential reversal.
Fibonacci Levels: The Fibonacci pivot point is at 110.13, with resistance levels at 115.20 and 118.33, and support at 101.93.
Price Prediction:
Based on the oversold RSI and potential rebound, PNFP is expected to rise to $118 in the next trading week.
Recommendation:
Buy PNFP at its current price of $105.37, targeting $118 as the next resistance level.
PNFP Revenue Forecast
PNFP EPS Forecast
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PNFP Analyst's Forecast
Steven Shaw
Wells Fargo
Hold
2025-01-23
Price Target
$120 → $125
Upside
+2.17%
Wells Fargo raised the firm's price target on Pinnacle Financial to $125 from $120 and keeps an Equal Weight rating on the shares. Pacing the group for Q4 results, and a 2025 guidance that has upside potential, the firm says. Unfortunately, this is already largely priced in, with shares trading at a meaningful premium to the group, it adds. Wells sees better value elsewhere.
Anthony Elian
JP Morgan
Buy
2025-01-07
Price Target
$140 → $138
Upside
+20.87%
Ben Gerlinger
Citigroup
Strong Buy
2024-12-31
Price Target
$123 → $132
Upside
+15.39%
