SYY Price Prediction Next Week
Technical Analysis: Based on the Fibonacci levels analysis, SYY is currently trading near its pivot point of $73.79, with immediate resistance at $74.72 and support at $72.86. The RSI(14) reading of 46.89 indicates a neutral momentum, slightly leaning towards oversold territory. The negative MACD value of -0.93 suggests bearish momentum in the short term.
News and Event Impact: Recent analyst reports indicate a positive outlook for SYY, with an average price target of $85.85, suggesting a potential upside of 16.48% from recent share price of $73.70. The company is scheduled to report its Q2 fiscal 2025 earnings before market open on January 28, 2025 (tomorrow). Analysts expect earnings per share of $0.93, representing a 4.5% increase from the previous year.
Price Prediction for Next Week: Based on technical indicators and upcoming earnings:
- Bullish Scenario (40% probability): If earnings beat expectations, price could test R1 at $74.72 and potentially reach R2 at $75.30
- Bearish Scenario (35% probability): If earnings disappoint, price might test S1 at $72.86 with potential downside to S2 at $72.28
- Neutral Scenario (25% probability): Price consolidation between $73.50-$74.50
Trading Recommendation: Given the upcoming earnings event and current technical setup, the recommendation is to HOLD current positions and wait for the earnings release before making new entries. The risk/reward ratio is not favorable for new positions ahead of such a significant event.
Target price range for next week: $73.55-$75.99, with a base case target of $74.30.
SYY Similar Chart Price Prediction
The price of SYY is predicted to go up 14.04%, based on the high correlation periods with MPW. The similarity of these two price pattern on the periods is 98.7%.
SYY
MPW
Up: 14.04%Similarity: 98.7%
SYY Revenue Forecast
SYY EPS Forecast
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SYY VS S&P500
Sysco's dense distribution network allows it to deliver perishable goods more quickly and cost-effectively, and this edge should help it continue to take market share over time.
The recipe for growth strategy focuses on the most important aspects of the business-the customer experience and the supply chain-which should unlock robust top-line growth in excess of the industry and protect margins.
Although relatively small, bolt-on acquisitions strengthen Sysco's ecosystem by expanding its geographic footprint and specialty offerings.
SYY Analyst's Forecast
John Glass
Morgan Stanley
Hold
Price Target
$82 → $79
Upside
+7.5%
Morgan Stanley lowered the firm's price target on Sysco to $79 from $82 and keeps an Equal Weight rating on the shares. The firm sees "reason for cautious optimism" on the prospects for the restaurant sector in 2025 and models modestly better U.S. industry growth this year of almost 5%, compared to just over 4% last year, the analyst tells investors. However, the firm doesn't see underlying fundamental themes shifting quickly after a "sluggish" 2024, the analyst added in a note on the group's 2025 outlook.
Edward Kelly
Wells Fargo
Buy
Price Target
$87 → $82
Upside
+10.44%
Adam Samuelson
Jefferies
Strong Buy
Price Target
$91 → $92
Upside
+19.85%