SARO Price Prediction Next Week
Technical Analysis
Based on the technical analysis, SARO is showing a downward trend with the stock closing at $26.58 on February 14, 2025. The stock experienced significant volatility during the trading session, with a high of $27.27 and a low of $25.76.
News Impact Recent news indicates Tiger Global has taken a new position in Standard Aero (SARO) during Q4 2024, which could provide positive sentiment support for the stock. However, the position size appears to be relatively small compared to Tiger Global's other holdings.
Price Prediction for Next Week Based on technical indicators and recent trading patterns:
- Support level: $25.76 (recent low)
- Resistance level: $27.27 (recent high)
- Target price range: $26.00 - $27.50
Trading Recommendation SELL with a target price of $26.00. The technical setup suggests continued weakness, with the stock showing bearish momentum after closing -1.52% lower in the last session. The high volume of 968,306 shares traded indicates significant selling pressure.
Key price levels:
- Entry: Current price ($26.58)
- Stop loss: $27.30
- Target: $26.00
- Secondary target: $25.80
The recommendation is based on:
- Bearish technical setup
- High trading volume indicating selling pressure
- Limited positive catalysts in the immediate term
- Recent institutional positioning not showing significant bullish conviction
SARO Similar Chart Price Prediction
The price of SARO is predicted to go up -10.72%, based on the high correlation periods with STRT. The similarity of these two price pattern on the periods is 97.96%.
SARO
STRT
Down: -10.72%Similarity: 97.96%
SARO Revenue Forecast
SARO EPS Forecast
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SARO Analyst's Forecast
Ronald Epstein
B of A Securities
Hold
2024-11-27
Price Target
$34 → $32
Upside
+12.28%
BofA lowered the firm's price target on StandardAero to $32 from $34 and keeps a Neutral rating on the shares. StandardAero received "a lackluster response from the market" after reporting on their first quarter as a public company, notes the analyst, who points out that shares have traded down about 11% since the company came public on October 2. The firm, which lowered its 2024-2027 adjusted EPS estimate on higher-than-expected costs, sees a path forward for greater margin appreciation driven by the Component Repair Service, or CRS, segment, but notes that the timing and meaningful inflection "may require more patience."
