Stock Price Prediction

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SO Price Prediction Next Week

Technical Analysis

Recent price action shows SO trading in a consolidation pattern between $87-89. The stock formed a bullish candle on Friday, closing at $88.40 with above-average volume, suggesting accumulation.

News Sentiment & Fundamental Drivers

Wells Fargo maintains Hold rating with $95 price target, while Mizuho raised their target from $85 to $90 citing improved rate base growth from 6% to 7%
Evercore ISI also maintains Hold rating with $90 target
The company reported strong Q3 2024 results with revenue growth of 4.2% and EPS beating estimates by 7.5%
Insider sentiment has turned negative with increased selling activity in recent months

Price Projection for Next Week

Based on technical analysis and recent analyst actions:

Bullish Case (60% probability):

Break above $89 resistance could push price to $90-91 range
Catalysts: Strong utility sector performance, defensive positioning

Bearish Case (40% probability):

Support at $87 could be tested if market weakness continues
Risk factors: Rising interest rates, broader market volatility

Trading Recommendation

HOLD/NEUTRAL for next week with key levels:

Support: $87.00
Resistance: $89.00
Stop loss: $86.50
Target: $90.00

The stock appears fairly valued at current levels based on analyst consensus. While fundamentals remain solid with improved rate base growth outlook, the technical setup suggests rangebound trading in the near term.

The consensus among 21 analysts covering SO remains "Moderate Buy" with an average price target of $91.36, implying 8.9% upside potential.

Technical Analysis

Recent price action shows SO trading in a consolidation pattern between $87-89. The stock formed a bullish candle on Friday, closing at $88.40 with above-average volume, suggesting accumulation.

News Sentiment & Fundamental Drivers

Wells Fargo maintains Hold rating with $95 price target, while Mizuho raised their target from $85 to $90 citing improved rate base growth from 6% to 7%
Evercore ISI also maintains Hold rating with $90 target
The company reported strong Q3 2024 results with revenue growth of 4.2% and EPS beating estimates by 7.5%
Insider sentiment has turned negative with increased selling activity in recent months

Price Projection for Next Week

Based on technical analysis and recent analyst actions:

Bullish Case (60% probability):

Break above $89 resistance could push price to $90-91 range
Catalysts: Strong utility sector performance, defensive positioning

Bearish Case (40% probability):

Support at $87 could be tested if market weakness continues
Risk factors: Rising interest rates, broader market volatility

Trading Recommendation

HOLD/NEUTRAL for next week with key levels:

Support: $87.00
Resistance: $89.00
Stop loss: $86.50
Target: $90.00

The consensus among 21 analysts covering SO remains "Moderate Buy" with an average price target of $91.36, implying 8.9% upside potential.

SO Similar Chart Price Prediction

The price of SO is predicted to go up 1.2%, based on the high correlation periods with IROQ. The similarity of these two price pattern on the periods is 94.2%.

IROQ

Up: 1.2%Similarity: 94.2%

SO Revenue Forecast

SO EPS Forecast

SO FAQs

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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.

Ask Intellectia about SO

SO Analyst's Forecast

Nicholas Campanella

Barclays

Hold

2024-10-15

Price Target

$71 → $83

Downside

-8.62%

Barclays analyst Nicholas Campanella raised the firm's price target on Southern Company to $83 from $71 and keeps an Equal Weight rating on the shares as part of a Q3 earnings preview for the powers and utilities group.

Julien Dumoulin-Smith

Jefferies