SHO Price Prediction Next Week
Analysis and Insights
Technical Analysis:
Sunstone Hotel Investors (SHO) closed at $9.87 on March 17, 2025, with a slight gain of 1.02% during regular market hours. The stock is currently trading near the lower end of its Bollinger Bands, suggesting potential oversold conditions. The RSI (14) is at 30.90, indicating oversold territory, which could signal a potential bounce. However, the MACD remains slightly negative, suggesting bearish momentum.
Fibonacci Levels:
The Fibonacci levels indicate resistance at $10.56 and support at $9.65. The stock is currently trading near the support level, which could act as a floor in the short term.
News Sentiment and Fundamental Analysis:
The real estate sector, particularly hotel REITs like SHO, has been under pressure due to broader economic growth concerns, exacerbated by President Trump's recession comments. SHO has also been impacted by the departure of its COO and mixed analyst sentiment, with Truist Financial maintaining a Hold rating and Morgan Stanley issuing a Sell rating.
Price Prediction:
Based on the technical indicators and news sentiment, SHO is likely to trade in a narrow range next week. The stock could potentially bounce back to $10.05 but may face resistance at higher levels. However, given the overall negative sentiment and economic concerns, the stock is expected to remain under pressure.
Recommendation:
Sell SHO at $9.80 with a target price of $9.50.
SHO Similar Chart Price Prediction
The price of SHO is predicted to go up 5.78%, based on the high correlation periods with PARR. The similarity of these two price pattern on the periods is 97.49%.
SHO
PARR
Up: 5.78%Similarity: 97.49%
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SHO Analyst's Forecast
Stephen Grambling
Morgan Stanley
Hold → Sell
2025-01-14
Price Target
$10
Downside
-13.72%
Morgan Stanley downgraded Sunstone Hotel to Underweight from Equal Weight with an unchanged price target of $10. Recent outperformance in the stock has left valuation above peers, which the firm sees creating "a poor risk reward." The current valuation embeds M&A potential, but the firm remains "skeptical in a higher for longer rate environment," the analyst added.
David Katz
Jefferies
Hold
2025-01-02
Price Target
$10 → $12
Upside
+3%
Dori Kesten
Wells Fargo
Hold
2024-12-09
Price Target
$11 → $13
Upside
+7.17%
