SKY Price Prediction Next Week
Technical Analysis: Based on the latest data, SKY closed at $100.06 on February 21, 2025, with a -3.32% decline in regular market trading. The stock has shown significant volatility in recent sessions.
News and Analyst Updates:
- Barclays raised price target to $106 from $90, maintaining Equal Weight rating
- RBC Capital increased price target to $96 from $88, keeping Sector Perform rating
- Strong Q3 earnings performance with notable gross margin strength
- Quick recovery from hurricane impacts under new CEO Tim Larson
Price Prediction for Next Week: Based on technical indicators and recent analyst updates:
Target Ranges:
- Support: $96-98 (based on RBC Capital's target)
- Resistance: $104-106 (based on Barclays' target)
Expected Movement:
- Short-term bearish pressure due to current premium valuation concerns
- Stock trading at premium multiple according to analysts
- Recent -3.32% decline suggests potential continuation of downward momentum
Trading Recommendation: SELL with target entry around current level ($100.06)
- Initial price target: $96 (RBC Capital's target)
- Stop loss: $106 (Barclays' target)
Rationale:
- Multiple analysts note premium valuation despite strong fundamentals
- Recent sharp decline suggests weakening momentum
- Current price sitting between analyst targets provides clear risk/reward setup
SKY Similar Chart Price Prediction
The price of SKY is predicted to go up 2.66%, based on the high correlation periods with BPOP. The similarity of these two price pattern on the periods is 98.39%.
SKY
BPOP
Up: 2.66%Similarity: 98.39%
SKY Revenue Forecast
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SKY Analyst's Forecast
Matthew Bouley
Barclays
Hold
2024-10-31
Price Target
$85 → $90
Upside
+2.01%
Barclays analyst Matthew Bouley raised the firm's price target on Champion Homes to $90 from $85 and keeps an Equal Weight rating on the shares. The company's margin strength this quarter came from stronger selling prices and mix, the analyst tells investors in a research note.
