RBA Price Prediction Next Week
Analysis and Insights
Technical Analysis:
RBA's stock price is currently trading at 100.22 in pre-market, showing a -1.13% change. The stock is approaching its Fibonacci pivot point of 101.43, with resistance levels at 103.81 and 105.28, and support at 99.05 and 97.58. The Relative Strength Index (RSI) for RBA is 61.56, indicating the stock is in a neutral zone, not overbought or oversold. The MACD is positive at 2.25, suggesting bullish momentum.
News Sentiment and Market Impact:
Recent market movements show RBA experiencing volatility, with pre-market gains of 8.9% on January 22 and a decline of 10.3% on January 21. This volatility suggests sensitivity to broader market movements and news. The upcoming ex-dividend date on February 6, 2025, may cause a slight dip in the stock price, but overall market sentiment remains positive with S&P 500 futures rising 0.49%.
Price Prediction and Recommendation:
Based on the technical indicators and market sentiment, RBA is expected to reach a price of 104.50 in the next trading week. The bullish MACD and RSI, combined with the positive market outlook, suggest a buy recommendation.
RBA Similar Chart Price Prediction
The price of RBA is predicted to go up 46.2%, based on the high correlation periods with TRIP. The similarity of these two price pattern on the periods is 98.69%.
RBA
TRIP
Up: 46.2%Similarity: 98.69%
RBA Revenue Forecast
RBA EPS Forecast
RBA FAQs
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RBA VS S&P500
Increasing construction activity could lead equipment owners to buy new machines and sell their used equipment through RB Global's auctions, substantially boosting revenue growth.
Equipment owners may feel more comfortable putting their machines up for sale as the economic environment improves, strengthening RB Global's auction liquidity.
RB Global's success operating in a fully online environment during the pandemic might convince more buyers to leave other machinery-focused websites for its auctions, which could boost the company's profitability.
RBA Analyst's Forecast
Sabahat Khan
RBC Capital
Buy
2025-02-19
Price Target
$107 → $116
Upside
+10.77%
RBC Capital raised the firm's price target on RB Global to $116 from $107 and keeps an Outperform rating on the shares. The company reported another strong quarter, which will be well-received by investors, and the management's 2025 adjusted EBITDA guide was above consensus, which is a "conservative starting point" for the year given the strength in the underlying business, the analyst tells investors in a research note.
Craig Kennison
Baird
Buy
2025-02-19
Price Target
$105 → $110
Upside
+5.04%
Arthur Nagorny
RBC Capital
Buy
2024-11-11
Price Target
$99 → $107
Upside
+14.19%
