SMPL Price Prediction Next Week
Analysis and Insights
Technical Analysis:
Simply Good Foods (SMPL) is currently trading at $33.095 as of March 24, 2025. The stock has entered oversold territory with an RSI of 27.4, indicating potential exhaustion of recent selling pressure. The Fibonacci levels suggest a pivot point at $34.74, with resistance at $36.50 and support at $32.97.
News Sentiment and Fundamental Analysis:
SMPL has been identified as a beneficiary of the aging population trend, with analysts expecting increased spending in nutrition products. This demographic shift is expected to drive demand for SMPL's products, providing a positive catalyst for the stock.
Conclusion:
Given the oversold RSI and positive news sentiment, SMPL is likely to experience a rebound. The stock is expected to reach a target price of $36.50 next week.
Recommendation: Buy SMPL with a target price of $36.50.
SMPL Similar Chart Price Prediction
The price of SMPL is predicted to go up 4.28%, based on the high correlation periods with LILA. The similarity of these two price pattern on the periods is 97.5%.
SMPL
LILA
Up: 4.28%Similarity: 97.5%
SMPL Revenue Forecast
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SMPL Analyst's Forecast
John Baumgartner
Mizuho
Buy
2024-12-09
Price Target
$40 → $45
Upside
+12.84%
Mizuho raised the firm's price target on Simply Good Foods to $45 from $40 and keeps an Outperform rating on the shares. Following a "generally lackluster" Q3 earnings season for the food producers, characterized by value-seeking consumers, varied degrees of market share pressure from private label, and now concerns over "Make America Healthy Again" related disruptions to ingredients and regulations for processed food, Mizuho expect sentiment for the group will remain muted into Q4 earnings, the analyst tells investors in a research note. The firm cites stronger market sentiment for health and wellness names and continued solid early consumer reception to this summer's innovation for the target increase of Simply Good.
Wendy Nicholson
Citigroup
Strong Buy
2024-11-14
Price Target
$46 → $43
Upside
+15.22%
Ben Bienvenu
Stephens & Co.
Buy
2024-10-23
Price Target
$44 → $42
Upside
+30.23%
