SAIA Price Prediction Next Week
Technical Analysis: SAIA's stock shows a strong upward momentum in recent trading sessions, with the price rising from $529.41 to $563.59 over the past week. The stock has formed higher lows and higher highs, indicating bullish sentiment.
News Analysis:
- Evercore ISI maintains a Buy rating with a $580 price target
- Multiple analysts have recently adjusted their price targets:
- B of A Securities: $565 (Buy)
- Wells Fargo: $510 (Hold)
- Raymond James: $540 (Outperform)
- BMO Capital: $545
Financial Performance: The company reported strong Q4 results with:
- Revenue: $788.95 million (beat estimates)
- EPS: $2.84 (beat $2.80 estimate)
Price Prediction for Next Week: Based on technical indicators and recent momentum:
- Support level: $557
- Resistance level: $570
- Target price range: $565-575
Trading Recommendation: BUY with an entry point at current levels ($563.59) for the following reasons:
- Strong technical momentum
- Positive analyst sentiment
- Better-than-expected earnings
- Successful expansion with 21 new terminals opened
- Service coverage now extends to all 48 contiguous states
Set stop loss at $555 to manage risk. The stock shows potential for continued upward movement based on both technical and fundamental factors.
SAIA Similar Chart Price Prediction
The price of SAIA is predicted to go up -4.41%, based on the high correlation periods with SHEN. The similarity of these two price pattern on the periods is 92.5%.
SAIA
SHEN
Down: -4.41%Similarity: 92.5%
SAIA Revenue Forecast
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SAIA VS S&P500
Saia is well positioned to grab incremental market share in the year ahead thanks to its recent purchase of 17 former Yellow terminals and investments in new terminals.
Despite near-term normalization off pandemic highs, e-commerce growth should provide incremental demand tailwinds for LTL carriers over the longer term: more frequent, yet smaller shipments.
Improving customer mix and rising freight density in regions where the firm has expanded capacity have lifted Saia's capital returns and margin profile over the past five years.
SAIA Analyst's Forecast
J. Bruce Chan
Stifel
Hold
2025-01-23
Price Target
$443 → $529
Upside
+7.02%
Stifel analyst J. Bruce Chan raised the firm's price target on Saia to $443 from $440 and keeps a Hold rating on the shares. Heading into Q4 earnings, the firm's channel checks in the less-than-truckload group suggest that last year finished with relatively soft fundamentals and sub-seasonal volumes, losing some sequential momentum in demand, the analyst tells investors in a preview.
Brandon Oglenski
Barclays
Buy
2025-01-17
Price Target
$620 → $600
Upside
+23.23%
Ken Hoexter
B of A Securities
Strong Buy
2025-01-16
Price Target
$612 → $600
Upside
+21.69%
