RELX Price Prediction Next Week
Technical Analysis
Recent price action shows RELX forming a consolidation pattern after receiving multiple analyst price target updates. Morgan Stanley raised their target to 4,610 GBp while maintaining an Overweight rating, and Deutsche Bank increased their target to 3,909 GBp with a Hold rating.
News Impact & Fundamental Drivers
- Positive institutional sentiment with 227 institutions increasing positions versus 212 reducing in the last quarter
- Secured significant government contract revenue of $190.9M over the past year, with recent $18M payment from U.S. Patent Office
- Announced £450M share buyback program through April 23, 2025, as part of larger £1.5B buyback plan for 2025
Price Prediction (Next Week)
Based on technical indicators and recent news:
Target Scenarios:
- Bullish Case (60% probability): $55.20-56.00
- Base Case (30% probability): $53.80-54.50
- Bearish Case (10% probability): $52.00-53.00
Recommendation: BUY
The stock shows strong institutional support and positive analyst sentiment. Multiple price target upgrades and the substantial buyback program provide strong price support. Technical indicators suggest momentum remains positive with limited downside risk.
Entry points:
- Immediate entry at current levels
- Better entry on any pullback to $53.50 support level
Stop loss: $52.00 (below recent support) Take profit: $56.00 (near analyst targets)
RELX Similar Chart Price Prediction
The price of RELX is predicted to go up 3.47%, based on the high correlation periods with SEVN. The similarity of these two price pattern on the periods is 95.23%.
RELX
SEVN
Up: 3.47%Similarity: 95.23%
RELX Revenue Forecast
RELX EPS Forecast
RELX VS S&P500
The shift to focusing on analytics and decision tools has boosted RELX's organic growth profile.
RELX is the biggest player in an industry where scale is becoming increasingly important.
RELX consistently rewards shareholders with a consistent package of dividend increases and share buybacks.
