Based on the technical analysis and recent news, here's the price prediction for SYK for the next trading week:
Technical Analysis:
News Impact:
Price Targets for Next Week:
Prediction: Based on technical indicators and recent analyst actions, SYK is likely to trade between $384-$398 next week. The stock shows signs of short-term weakness but maintains strong fundamental support.
Trading Recommendation: SELL
Rationale: Technical indicators suggest downward momentum in the short term, supported by significant insider selling and overbought conditions from the recent rally.
The price of SYK is predicted to go up -7.36%, based on the high correlation periods with CVCO. The similarity of these two price pattern on the periods is 98.2%.
SYK
CVCO
Year
SYK Price Forecast($)
Potential Return(%)
2025
363.010
0.410
2026
430.000
9.890
2027
480.000
22.670
2028
500.000
27.780
2029
520.000
32.890
2030
600.000
53.340
Stryker made the most of its three-year head start in placing its Mako robots in hospitals, leaving Zimmer Biomet and Johnson & Johnson to play catch-up.
As hospitals and healthcare systems aim to consolidate suppliers, Stryker should benefit because those customers are more likely to stick with the most widely used brands to accommodate more of their surgeons.
Considering how resistant orthopedic surgeons are to hospital efforts to restrict brand choice and the slow transition to hospital employment, we think surgeon influence will wane slowly.
Barclays
2025-02-10
Price Target
$418 → $443
Upside
+12.84%
Truist Securities
2024-12-18
Price Target
$380 → $409
Upside
+13.87%
Needham
2024-12-12
Price Target
$409 → $442
Upside
+17.85%