TDW Price Prediction Next Week
TDW Stock Price Prediction and Recommendation
Technical Analysis:
The stock price of TDW is currently trading at $41.33, with a Fibonacci pivot point at $41.89. The RSI_14 is at 32.18, indicating oversold conditions, while the MACD is bearish at -3.48. The Fibonacci resistance levels are at $44.72 and $46.47, with support levels at $39.05 and $37.30.
News Sentiment and Insider Activity:
Recent news indicates that Tidewater missed earnings estimates, leading to a 9.6% drop in stock price. However, insider buying activity, including a recent purchase of 25,000 shares by a director, suggests some confidence in the stock's potential recovery.
Analyst Consensus:
Analysts have a mixed outlook, with a Hold rating from Evercore ISI and a Moderate Buy consensus. The median price target is $63.00, indicating potential upside.
Prediction and Recommendation:
Based on the oversold RSI and potential bounce, the stock is expected to target the Fibonacci resistance level of $44.72 next week.
Predicted Price: $44.72
Recommendation: Buy
TDW Similar Chart Price Prediction
The price of TDW is predicted to go up -71.94%, based on the high correlation periods with GITS. The similarity of these two price pattern on the periods is 98.86%.
TDW
GITS
Down: -71.94%Similarity: 98.86%
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TDW Analyst's Forecast
James West
Evercore ISI Group
Buy → Hold
2025-01-15
Price Target
$112 → $68
Upside
+20.33%
Evercore ISI downgraded Tidewater to In Line from Outperform with a price target of $68, down from $112. The firm says oilfield services stocks have been hit with the "dual negatives" of a low growth North America contending with a "rapidly consolidating customer base and capital restraint internationally that has ended any semblance of a coordinated global upcycle for the industry." This combines with "wobble" in second half of 2024 oil prices, the analyst tells investors in a research note. Evercore's global exploration and production spending survey anticipates flat spending in 2025. It reduced 2025 estimates by 10% across the sector to reflect a more cautious spending outlook and downgraded eight names in the group.
James Rollyson
Raymond James
Strong Buy → Buy
2024-11-11
Price Target
$131 → $102
Upside
+85.22%
