SAH Price Prediction Next Week
Analysis and Insights
News Sentiment and Analyst Outlook:
Recent news indicates positive sentiment for Sonic Automotive (SAH), with multiple analyst upgrades. BofA raised its price target to $85, while Needham increased it to $100, both maintaining a Buy rating. Dealers are optimistic about 2025, expecting growth from increasing volumes and stable pricing.
Technical Analysis:
The stock is currently oversold, with an RSI of 23.33. Fibonacci levels suggest a pivot at $64.79, with resistance at $68.40 and support at $61.18. The MACD is bearish, but the oversold condition may trigger a rebound.
Price Prediction and Recommendation:
Given the positive news and oversold conditions, SAH is likely to rebound. The target price for the next trading week is $74.23, aligning with the Fibonacci R3 level. This represents a buy opportunity as the stock is expected to recover and trend upwards.
SAH Similar Chart Price Prediction
The price of SAH is predicted to go up 0.59%, based on the high correlation periods with FSLY. The similarity of these two price pattern on the periods is 97.16%.
SAH
FSLY
Up: 0.59%Similarity: 97.16%
SAH Revenue Forecast
SAH EPS Forecast
SAH FAQs
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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
Rajat Gupta
JP Morgan
Buy
2025-01-17
Price Target
$75 → $74
Upside
+8.33%
JPMorgan lowered the firm's price target on Sonic Automotive to $74 from $75 and keeps an Overweight rating on the shares as part of a Q4 earnings preview for the franchise auto dealerships. Franchise dealers on average have had a strong start to 2025, sustaining outperformance since the U.S. presidential elections, the analyst tells investors in a research note. The firm says immediate fundamentals have been supportive with sharp recovery in industry volumes, while inventory levels and pricing have remained stable. As such, it increased Q4 earnings estimates for the group to reflect the strong pickup in new and used sales, as well as slower than expected inventory build.
Glenn Chin
Seaport Global
Hold → Strong Buy
2024-11-22
Price Target
$74
Upside
+11.16%
John Murphy
B of A Securities
Strong Buy
2024-10-14
Price Target
$67 → $66
Upside
+20.11%
