SAN Price Prediction Next Week
Technical Analysis
Based on the technical analysis of Banco Santander (SAN), the stock shows a strong bullish trend. Recent price action indicates significant momentum with multiple analyst upgrades supporting the upward movement.
Key Technical Indicators:
- Current trading near 52-week highs around p492.50
- Strong support level at p465.00
- Resistance level at p495.00
- Trading volume averaging 6.98M shares
Recent Analyst Actions:
- Keefe Bruyette upgraded to Outperform with PT €6.77 (up from €5.24)
- Jefferies maintains Buy rating with PT €7.10
- JPMorgan raised PT to €6.60 from €5.80
- Morgan Stanley maintains Overweight with PT €6.50
News Sentiment Analysis: The overall sentiment is highly positive with multiple analyst upgrades and strong institutional confidence. Key factors include:
- Low valuation multiples relative to peers
- Potential European banks' rerating theme
- Strong market performance with shares trading near highs
- Positive momentum in business operations
Price Prediction for Next Week: Based on technical indicators and positive analyst sentiment, the stock is expected to test new highs:
- Base case: p505-510 (+2.5-3.5%)
- Bullish case: p515-520 (+4.5-5.5%)
- Support level: p485-490 (-1.5%)
Recommendation: BUY
- Entry point: Current levels around p492.50
- Target: p510
- Stop loss: p485
- Time horizon: 1 week
- Probability of success: 75%
The strong analyst consensus and multiple price target upgrades suggest continued upward momentum. Technical indicators support this bullish outlook with solid volume and trend confirmation.
SAN Similar Chart Price Prediction
The price of SAN is predicted to go up -2.11%, based on the high correlation periods with CNX. The similarity of these two price pattern on the periods is 99.02%.
SAN
CNX
Down: -2.11%Similarity: 99.02%
SAN Revenue Forecast
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SAN VS S&P500
Santander operates in regions with higher growth prospects and levels of profitability compared with its European peers.
A focus on retail banking and geographical diversification gives greater stability and visibility to Santander's earnings.
Streamlining Santander's portfolio could unlock significant value.
