Stifel Financial Corporation (SF) is currently showing signs of being oversold, with an RSI of 23.15, indicating potential buying opportunities. The stock price has dropped to $94.90, suggesting a possible rebound.
Recent news highlights SF's entry into oversold territory, with a dividend yield of 1.87%, attracting dividend investors. However, economic headwinds suggest a cautious approach, with analysts recommending defensive strategies.
The Fibonacci support levels for SF are at 92.43 and 87.27, with a pivot point at 100.78. These levels suggest potential price floors and resistance points.
Based on the oversold condition and Fibonacci support, SF is expected to rise slightly to $98.00 next week. This is a cautious BUY recommendation due to market conditions.
The price of SF is predicted to go up 20.26%, based on the high correlation periods with NRGV. The similarity of these two price pattern on the periods is 97.76%.
SF
NRGV
Stifel's string of acquisitions has increased operational scale and expertise. Stifel is an experienced acquirer and integrator. A recession could provide ample acquisition opportunities.
Management attention on the independent advisor business could provide an avenue of growth.
Net interest income growth over the previous several years at the company's bank materially expanded wealth management operating margins, and the increased size of the bank and wealth management business provides diversification from the institutional securities business.
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