SO Price Prediction Next Week
Analysis and Insights
To predict the stock price of Southern Company (SO) for the next trading week, we analyze both technical indicators and recent news sentiment.
Technical Analysis:
- RSI (14): 44.17, indicating the stock is in a neutral zone and not overbought or oversold.
- MACD: The MACD line is above the signal line, suggesting bullish momentum, but the histogram is declining, indicating potential weakness.
- Fibonacci Levels: The stock is trading near the pivot point of $90.64, with resistance at $92.62 and support at $88.66.
News Sentiment and Analyst Outlook:
- Recent Performance: SO has outperformed the broader market over the past year, with a 24.8% gain compared to the S&P 500's 22.6% rise.
- Analyst Consensus: The stock has a "Moderate Buy" rating with a mean price target of $91.36, representing an 8.9% upside from current levels.
- Earnings: SO reported better-than-expected Q3 results, with a 4.2% year-over-year revenue growth and a 7.5% EPS beat.
Price Prediction and Recommendation:
Based on the technical indicators and news sentiment, the stock is expected to trade near the lower end of its recent range. The next trading week could see SO testing the $88 level.
Predicted Price: $88
Recommendation: Sell
SO Revenue Forecast
SO EPS Forecast
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SO VS S&P500
Southern has excellent regulatory relationships due in large part to low utility rates and solid reliability. Although operational performance is the foundation for these relationships, management maintains strong political ties as well.
Cash flow should increase now that the Vogtle project is complete, supporting a stronger balance sheet and faster dividend growth.
Business investment and customer growth remains strong in Southern's primary Southeast U.S. service territory, supporting growing energy demand.
SO Analyst's Forecast
Stephen Byrd
Morgan Stanley
Hold
2025-03-20
Price Target
$88 → $91
Upside
+1.14%
Morgan Stanley raised the firm's price target on Southern Company to $91 from $88 and keeps an Equal Weight rating on the shares. The firm is updating its price targets for North American Regulated and Diversified Utilities/IPPs, the analyst tells investors. In February, utilities outperformed the S&P's -1.30% return, the firm says. Key takeaways from the firm's annual Energy & Power Conference includes continued strong demand from data centers; regulatory uncertainty in power markets; renewables defense with safe harboring, equipment onshoring, and rising return levels; and new generation build challenges, the firm notes.
Nicholas Campanella
Barclays
Hold
2024-10-15
Price Target
$71 → $83
Downside
-8.62%
Julien Dumoulin-Smith
Jefferies
Hold
2024-09-19
Price Target
$94
Upside
+4.79%
