SAH Price Prediction Next Week
Stock Price Prediction for Sonic Automotive (SAH)
News Analysis:
- Positive Analyst Sentiment: BofA raised Sonic Automotive's price target to $85 from $72, maintaining a Buy rating, citing solid growth expectations for 2025. (Ref 1)
- Increased Price Target: Needham lifted its price target to $100 from $74, highlighting strong franchise management and growth potential in Echo Park. (Ref 2)
Technical Indicators:
- RSI (14): 34.49, indicating oversold conditions, suggesting a potential rebound.
- MACD: Negative signal line, but nearing a bullish crossover.
- Fibonacci Levels: Pivot at $62.07, resistance at $65.50 and $67.62.
Price Prediction:
- Target Price: $65.50
- Recommendation: Buy
Conclusion:
The combination of positive analyst sentiment and oversold technical indicators suggests a bullish outlook. The stock is expected to rebound towards the Fibonacci resistance level of $65.50.
SAH Similar Chart Price Prediction
The price of SAH is predicted to go up 30.33%, based on the high correlation periods with SANM. The similarity of these two price pattern on the periods is 98.67%.
SAH
SANM
Up: 30.33%Similarity: 98.67%
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SAH VS S&P500
Auto dealerships are well-diversified businesses that have lucrative parts and servicing operations, which help them be profitable in almost any environment.
EchoPark could prove to be a very lucrative business long term if it can scale up.
Sonic has the potential to generate significant economies of scale as vehicle demand rebounds and if EchoPark grows. Powersports may be a lucrative new business as well given it does not have many large rollup players in it like auto dealerships do.
SAH Analyst's Forecast
Chris Pierce
Needham
Strong Buy
2025-03-19
Price Target
$100 → $93
Upside
+53.09%
Needham lowered the firm's price target on Sonic Automotive to $93 from $100 but keeps a Buy rating on the shares. The firm cites the recent readings in its Echo Park inventory tracker in reducing its price target, adding that it saw similar trends in the data in October, the analyst tells investors in a research note. Needham states that it still sees a positive risk-reward skew in used auto however with recent improvements in wholesale data, but also believes that a choppy recovery is now more fully baked into expectations.
Rajat Gupta
JP Morgan
Buy
2025-01-17
Price Target
$75 → $74
Upside
+8.33%
Glenn Chin
Seaport Global
Hold → Strong Buy
2024-11-22
Price Target
$74
Upside
+11.16%
