TGI Price Prediction Next Week
Analysis and Insights
To predict the stock price of Triumph Group (TGI) for the next trading week, we analyze both news sentiment and technical indicators.
News Sentiment Analysis:
- Analyst Downgrades: TGI has been downgraded by multiple analysts. Wolfe Research downgraded TGI to Peer Perform from Outperform, and Barclays downgraded it to Equal Weight from Overweight. These downgrades followed the announcement of TGI's acquisition by Warburg Pincus and Berkshire Partners for $26 per share in an all-cash deal.
- Earnings Performance: TGI reported positive Q3 earnings with revenue growth of $315.556 million, exceeding analyst expectations.
Technical Analysis:
- RSI Levels: TGI's RSI (14) is at 77.81, indicating overbought conditions, which may signal a potential pullback.
- MACD: The MACD line is slightly above the signal line, indicating weak bullish momentum.
- Bollinger Bands: The stock is trading near the upper Bollinger Band, suggesting potential resistance.
- Fibonacci Levels: The stock is currently trading near the Fibonacci resistance level of 25.50, which may act as a ceiling.
Price Prediction:
Based on the technical indicators and news sentiment, TGI is likely to trade sideways or experience a slight pullback next week. The stock is expected to hover around the $25.50 level, with limited upside potential due to overbought conditions and resistance at current levels.
Recommendation:
Given the current technical setup and analyst downgrades, it is recommended to sell TGI stock in the next trading week. The stock is likely to face resistance at $25.50, and the overbought RSI levels suggest a potential correction.
Predicted Price for Next Trading Week: $25.50
TGI Similar Chart Price Prediction
The price of TGI is predicted to go up 0.06%, based on the high correlation periods with NREF. The similarity of these two price pattern on the periods is 94.6%.
TGI
NREF
Up: 0.06%Similarity: 94.6%
TGI Revenue Forecast
TGI EPS Forecast
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TGI Analyst's Forecast
Michael Ciarmoli
Truist Securities
Hold
2025-01-14
Price Target
$18 → $19
Upside
+1.6%
Truist raised the firm's price target on Triumph Group to $19 from $18 and keeps a Hold rating on the shares as part of a broader research note previewing 2025 for the Aerospace & Defense industry. The new year feels like "groundhog day", with 2024 investors' sentiment bullish on an aero OEM production recovery while turning bearish on the aftermarket rally, the analyst tells investors in a research note. The firm adds however that while aircraft production is likely to improve in 2025 off an easy comp, planned production rates increases are not materializing as fast as expected and we think the aftermarket still has legs. Truist further notes that within the Defense sector, the November Election and announcement of DOGE weighed on performance, though the sell-off has also created an attractive entry point.
Kannan Venkateshwar
Barclays
Buy
2024-11-19
Price Target
$16 → $21
Upside
+9.49%
Cai von Rumohr
TD Cowen
Hold
2024-11-13
Price Target
$14 → $20
Upside
+9.23%
