ROST Price Prediction Next Week
Analysis and Insights
Technical Analysis:
Ross Stores (ROST) is currently showing mixed technical signals. The stock is trading near its lower Bollinger Band, with an RSI of 38.18, indicating oversold conditions. The MACD is bearish at -2.45, but the signal line is slightly above the MACD, suggesting a potential reversal.
News and Earnings Impact:
Ross Stores reported fourth-quarter earnings of $1.79 per share, slightly below last year but above estimates. However, the FY25 outlook is conservative, with projected sales growth of only 1% to 5%, which has led to a cautious approach by analysts. Telsey Advisory lowered its price target from $175 to $150, reflecting concerns about slower growth and macroeconomic challenges.
Fibonacci Levels:
The Fibonacci levels indicate a pivot point at $136.18, with resistance at $140.97 and support at $131.39. The stock is currently trading near the pivot point, suggesting potential volatility in the short term.
Price Prediction and Recommendation:
Based on the technical indicators and earnings outlook, ROST is expected to trade between $133 and $138 next week. The stock is likely to face resistance at $140.97 and support at $131.39. Given the mixed signals and conservative FY25 guidance, it is recommended to sell ROST if it reaches the upper end of the range.
ROST Similar Chart Price Prediction
The price of ROST is predicted to go up 14.69%, based on the high correlation periods with TDOC. The similarity of these two price pattern on the periods is 97.73%.
ROST
TDOC
Up: 14.69%Similarity: 97.73%
ROST Revenue Forecast
ROST EPS Forecast
ROST FAQs
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ROST VS S&P500
Ross is a reliable store to find bargain merchandise and will therefore benefit if consumers grow increasingly value-conscious due to economic uncertainty.
Ross' business model is well insulated from digital competition as branded merchandisers seek to limit excess inventory going to online channels, protecting the firm's competitive position.
Margins should improve in the near term as freight headwinds abate and wage pressures ease.
ROST Analyst's Forecast
Alex Straton
Morgan Stanley
Buy → Hold
2025-01-21
Price Target
$164 → $140
Downside
-6.54%
Morgan Stanley analyst Alex Straton downgraded Ross Stores to Equal Weight from Overweight with a price target of $140, down from $164. Against record gross margins, the firm thinks softlines profitability expansion "will be harder to come by" in 2025, which places the burden on sales growth acceleration and/or expense reduction. This setup makes 2025 more of a stock-picking environment in softlines, and also means the dispersion between leaders and laggards likely continues to widen, the analyst tells investors in a research note. As a result, Morgan Stanley adjusted ratings in the sector as part of its 2025 outlook. It is expecting a "more-of-the-same" softlines demand backdrop, but cautions profitability improvement may prove harder to come by this year.
Ike Boruchow
Wells Fargo
Buy → Hold
2025-01-10
Price Target
$165
Upside
+8.74%
Aneesha Sherman
Bernstein
Buy → Hold
2025-01-07
Price Target
$178 → $165
Upside
+8.87%
