SSNC Price Prediction Next Week
Technical Analysis
Based on recent price action, SSNC shows a strong upward momentum with the stock closing at $88.60 on February 21, 2025. The technical indicators suggest:
- Formation of higher lows and higher highs
- Positive momentum with increasing volume
- Support level at $86.50
- Resistance level at $91.00
News & Fundamental Analysis Recent positive catalysts include:
- RBC Capital raised price target to $96 from $86 with Outperform rating
- Strong fundamental rating of 75% from Validea's Multi-Factor Investor model
- New client win with Arrowpoint Investment Partners ($1B fund) announced on Feb 23
Price Prediction for Next Week Based on technical analysis and positive news flow, SSNC is expected to test the resistance level at $91.00. The predicted price ranges for next week:
- Bullish target: $91.50 (60% probability)
- Base case: $89.80 (30% probability)
- Bearish case: $87.50 (10% probability)
Recommendation: BUY Entry point: Current market price ($88.60) Target: $91.50 Stop loss: $86.50
The strong fundamental backdrop combined with positive technical momentum and recent institutional endorsements support a bullish outlook for the coming week.
SSNC Similar Chart Price Prediction
The price of SSNC is predicted to go up -11.01%, based on the high correlation periods with NWE. The similarity of these two price pattern on the periods is 98.89%.
SSNC
NWE
Down: -11.01%Similarity: 98.89%
SSNC Revenue Forecast
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SSNC VS S&P500
Shares of SS&C trade well below the market overall and are cheap.
SS&C's fund administration and software solutions tend to be sticky, as evidenced by their high retention rates.
SS&C's management has a strong track record on capital allocation. The firm is willing to get outbid on deals to ensure it does not overpay for acquisitions.
SSNC Analyst's Forecast
Peter Heckmann
DA Davidson
Strong Buy
2024-09-20
Price Target
$88 → $92
Upside
+21.81%
DA Davidson raised the firm's price target on SS&C to $92 from $88 and keeps a Buy rating on the shares. The firm sees the company's Investor Day event as positive and also raises its forecasts, reflecting the pending acquisition of Battea-Class Action Services and factoring in a greater reduction in the company's weighted average cost of debt, the analyst tells investors in a research note.
Daniel Perlin
RBC Capital
Buy
2024-09-19
Price Target
$75 → $86
Upside
+12.48%
