RHP Price Prediction Next Week
Analysis and Insights
Event Impact Assessment:
Ryman Hospitality Properties (RHP) is set to join the S&P SmallCap 600 index on March 24, which is expected to increase investor interest and potentially drive positive price momentum.
Technical Analysis:
- RSI: RHP's RSI is at 44.80, indicating a neutral position, not oversold or overbought.
- MACD: The MACD is slightly negative (-1.97), suggesting mild bearish momentum.
- Fibonacci Levels: The stock is trading above the pivot level of $97.48, with resistance levels at $101.26 and $103.61.
Fundamental Analysis:
- Insider Buying: Significant insider buying activity, with Colin V. Reed purchasing shares at $97.54, signaling confidence in the stock.
- Analyst Ratings: Mixed sentiment, with some analysts lowering price targets, but the company maintains a strong growth outlook.
Market Sentiment:
- Broad Market Trends: The S&P 500 had a weak week, but RHP showed resilience with a 1.97% gain in regular market hours.
Price Prediction and Recommendation:
Based on the index inclusion, insider buying, and technical levels, RHP is expected to rise towards the upper Fibonacci resistance level of $103.61.
Predicted Price: $103
Recommendation: Buy
RHP Similar Chart Price Prediction
The price of RHP is predicted to go up 0.79%, based on the high correlation periods with RHI. The similarity of these two price pattern on the periods is 97.91%.
RHP
RHI
Up: 0.79%Similarity: 97.91%
RHP Revenue Forecast
RHP EPS Forecast
RHP FAQs
What is RHP revenue forecast for next quarter？
RHP Analyst's Forecast
Joseph Greff
JP Morgan
Hold → Sell
2024-12-13
Price Target
$100
Downside
-11.69%
JPMorgan downgraded Ryman Hospitality to Underweight from Neutral with a $100 price target. The firm sees recent share price appreciation, resulting in what it views as an unattractive and unsustainable valuation multiple. At current levels, Ryman shares are trading at multiples that are "rich" even with a group and convention focused lodging REIT, which the firm thinks is more than appreciate at current levels, the analyst tells investors in a research note.
Dori Kesten
Wells Fargo
Buy
2024-12-09
Price Target
$124 → $130
Upside
+10.17%
Ari Klein
BMO Capital
Buy
2024-12-09
Price Target
$133
Upside
+12.71%
