SYF Price Prediction Next Week
Based on the provided data and technical analysis, here is the price prediction for SYF for the next trading week:
Technical Analysis
- Current price: $61.41 (as of Feb 21, 2025 close)
- The stock has shown significant weakness, falling 3.82% on Friday with increased volume
- RSI at 45.42 indicates neutral momentum but trending lower
- MACD shows bearish divergence with -0.52 reading
- Price has broken below both 20-day and 50-day moving averages, suggesting bearish momentum
News Analysis
- Bank of America maintains Buy rating with $85 price target, citing improved credit performance and favorable regulatory conditions
- Credit card metrics remained relatively stable in January 2025, with slight increase in delinquency rates to 3.07% and minor decrease in charge-off rates to 4.29%
- Q4 earnings missed revenue estimates, leading to 4.6% stock decline on earnings day
Price Targets for Next Week
- Bearish scenario (60% probability): $58-59 range
- Key support levels at $58.50 and $57.80
- Neutral scenario (30% probability): $61-63 range
- Bullish scenario (10% probability): $64-65 range
Trading Recommendation: SELL
- Current technical indicators and increased selling pressure suggest further downside
- Optimal entry for short positions around $62.90-63.50 range
- First target: $59.50
- Second target: $58.20
- Stop loss: $64.35 (Friday's high)
SYF Similar Chart Price Prediction
The price of SYF is predicted to go up 17.82%, based on the high correlation periods with CFB. The similarity of these two price pattern on the periods is 93.42%.
SYF
CFB
Up: 17.82%Similarity: 93.42%
SYF Revenue Forecast
SYF EPS Forecast
SYF FAQs
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SYF VS S&P500
Synchrony enjoys long-term contracts with several successful digital retailers such as Amazon and PayPal. These partnerships provide Synchrony with a source of receivables growth even if its brick-and-mortar retailer partners struggle.
Synchrony continues to win new credit card programs, with credit cards for Venmo and Verizon launched in 2020.
The company's credit cards present a compelling value for its retail partners. Struggling retailer will continue to be drawn to the incremental sales and revenue Synchrony's credit cards provide.
SYF Analyst's Forecast
Mihir Bhatia
B of A Securities
Strong Buy
2025-01-28
Price Target
$82 → $85
Upside
+27.51%
BofA raised the firm's price target on Synchrony to $85 from $82 and keeps a Buy rating on the shares. The firm notes shares of Synchrony are trading down following the company's Q4 results likely driven by disappointment in the net revenue outlook. While Synchrony's outlook for $15.2B-$15.7B brackets BofA/consensus at $15.6B/$15.5B, BofA's conversations suggest some investors were looking for upside to sell-side estimates. Still, taking all the pieces of the outlook together, the firm estimates 2025 forecasts will increase driven by better credit and expenses, which should offset the slightly lower top-line.
David Rochester
Compass Point
Strong Buy → Hold
2025-01-28
Price Target
$70
Upside
+1.79%
Eric Wasserstrom
UBS
Hold
2025-01-13
Price Target
$58 → $66
Upside
+1.84%
