POWL Price Prediction Next Week
Based on the provided data and recent market activity, here's a comprehensive analysis for POWL's price prediction for next week:
Technical Analysis
- RSI recently entered oversold territory at 29.6, significantly below the industry average of 49.4
- Current price around $175-189 range shows strong support level
- The stock is showing signs of oversold conditions, suggesting potential for a technical bounce
Fundamental Drivers
- Strong Q1 FY2025 performance:
- Revenue up 24% to $241 million
- Net income increased 44% to $34.8 million
- Robust backlog of $1.3 billion
- Secured new $75 million LNG project order
Market Outlook
- Positive momentum in key sectors:
- Oil & gas revenue up 14%
- Electric utility revenue up 26%
- Commercial/industrial revenue up 80%
- Expanding data center market presence
- Strong capacity expansion initiatives progressing on schedule
Price Target Analysis Based on technical indicators and fundamental strength, POWL is expected to see a recovery next week:
- Support level: $175
- Resistance level: $190
- Price target range: $182-195
Trading Recommendation: BUY
- Entry point: Current levels ($175-180)
- Short-term target: $190
- Stop loss: $170
Rationale:
- Oversold RSI indicates potential reversal
- Strong fundamental backdrop with growing orders
- Robust backlog providing revenue visibility
- Positive sector momentum across all key markets
POWL Similar Chart Price Prediction
The price of POWL is predicted to go up 15.49%, based on the high correlation periods with SGMO. The similarity of these two price pattern on the periods is 97.99%.
POWL
SGMO
Up: 15.49%Similarity: 97.99%
POWL Revenue Forecast
POWL EPS Forecast
POWL FAQs
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POWL Analyst's Forecast
Chip Moore
Roth MKM
Strong Buy
2024-12-11
Price Target
$312
Upside
+15.57%
Roth MKM last night initiated coverage of Powell with a Buy rating and $312 price target. The firm believes a higher than historical multiple is sustainable given Powell's positioning for secular trends including electrification and grid expansion, data center build-out, infrastructure investment, and energy transition. The company's recent order momentum has been broad-based, as Powell has sustained record backlog levels without the megaprojects that have driven recent results, the analyst tells investors in a research note. Roth anticipates continued growth and margin expansion moving forward.
