Technical Analysis:
Construction Partners (ROAD) shows a strong upward trend based on recent price action. The stock has risen from $46.52 on February 22, 2024, to $73.11 on February 21, 2025, representing a significant 57% increase over the year.
News Sentiment Analysis:
- Strong Q1 2025 performance with record revenue and 42% YoY growth
- Raised FY2025 guidance: Revenue target $2.66B-$2.74B, up from previous $2.48B-$2.58B
- Record project backlog of $2.66B indicates robust future demand
- Recent acquisitions of Overland Corporation and Mobile Asphalt expected to contribute $120M-$130M in revenue
Price Forecast for Next Week:
Based on technical indicators and positive fundamental factors:
Target Prices:
- Support level: $71.50
- Resistance level: $76.80
- Most likely range: $72.50-$75.00
The stock is likely to maintain its upward momentum due to:
- Strong financial performance and raised guidance
- Record backlog indicating sustained growth
- Successful integration of recent acquisitions
- 100% rating from Validea's Twin Momentum Investor model
Recommendation: BUY
Entry point: $72.50-$73.50
Target: $75.00
Stop loss: $71.00
The stock shows strong fundamentals and technical strength, with multiple catalysts supporting further upside potential. The recent 4.94% decline provides an attractive entry point for new positions.
Technical Analysis:
Construction Partners (ROAD) shows a strong upward trend based on recent price action. The stock has risen from $46.52 on February 22, 2024, to $73.11 on February 21, 2025, representing a significant 57% increase over the year.
News Sentiment Analysis:
- Strong Q1 2025 performance with record revenue and 42% YoY growth
- Raised FY2025 guidance: Revenue target $2.66B-$2.74B, up from previous $2.48B-$2.58B
- Record project backlog of $2.66B indicates robust future demand
- Recent acquisitions of Overland Corporation and Mobile Asphalt expected to contribute $120M-$130M in revenue
Price Forecast for Next Week:
Based on technical indicators and positive fundamental factors:
Target Prices:
- Support level: $71.50
- Resistance level: $76.80
- Most likely range: $72.50-$75.00
The stock is likely to maintain its upward momentum due to:
- Strong financial performance and raised guidance
- Record backlog indicating sustained growth
- Successful integration of recent acquisitions
- 100% rating from Validea's Twin Momentum Investor model
Recommendation: BUY
Entry point: $72.50-$73.50
Target: $75.00
Stop loss: $71.00
The stock shows strong fundamentals and technical strength, with multiple catalysts supporting further upside potential. The recent 4.94% decline provides an attractive entry point for new positions.