PRU Price Prediction Next Week
Analysis and Insights
Technical Analysis:
Prudential Financial (PRU) is currently trading near its Fibonacci support level of 108.95, with a pivot point at 112.16. The stock has been experiencing downward pressure, as indicated by its decline over the past seven sessions. The Relative Strength Index (RSI) is at 44, suggesting the stock is in a neutral zone but nearing oversold territory.
News and Market Sentiment:
Recent news indicates concerns about stagflation and tariff increases, which could negatively impact the insurance sector. However, PRU has received a Buy rating from Barclays with a price target of £11.90, suggesting potential upside.
Fibonacci Levels:
- Pivot Point: 112.16
- Resistance Levels: 115.37, 117.36
- Support Levels: 108.95, 106.97
Conclusion:
Based on the analysis, PRU is expected to test the lower support levels but could rebound due to positive analyst sentiment. The stock price is predicted to reach 108.00 in the next trading week.
Recommendation: Sell if the stock reaches the upper resistance level of 115.37, and consider buying on dips near the support level of 108.95.
PRU Similar Chart Price Prediction
The price of PRU is predicted to go up -0.32%, based on the high correlation periods with IGT. The similarity of these two price pattern on the periods is 97.44%.
PRU
IGT
Down: -0.32%Similarity: 97.44%
PRU Revenue Forecast
PRU EPS Forecast
PRU FAQs
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PRU VS S&P500
The company will be a net beneficiary of rising interest rates in the long run as it can reinvest its maturing fixed-income securities at a higher yield.
Prudential has clearly laid out plans to reduce exposure to riskier products like variable annuities with minimum guarantees and has increased investments in segments with steadier cash flows like the investment management business.
The regulatory uncertainty surrounding the nonbank SIFI designation and the fiduciary rule appears to be resolved in the company's favor.
PRU Analyst's Forecast
Ryan Krueger
Keefe, Bruyette & Woods
Hold
2025-02-12
Price Target
$129 → $125
Upside
+12.81%
Keefe Bruyette lowered the firm's price target on Prudential to $125 from $129 and keeps a Market Perform rating on the shares.
Alex Scott
Barclays
Hold
2025-01-23
Price Target
$127 → $128
Upside
+9.5%
Jack Matten
BMO Capital
Sell
2025-01-23
Price Target
$101
Downside
-13.59%
