THO Price Prediction Next Week
Technical Analysis
THO is currently showing a bearish trend in the short term, with the stock price declining from $118.59 to $100.53 over recent sessions. The stock has formed a descending channel pattern, indicating sustained selling pressure.
News Sentiment Analysis Recent analyst coverage from Truist raised the price target from $98 to $110 while maintaining a Hold rating. The upgrade reflects potential industry recovery based on:
- Improved dealer demand signals
- Healthier margins and cash generation
- Broader restocking approach within RV industry
- Conservative FY25/FY26 earnings estimates
Price Prediction for Next Week Based on technical indicators and recent price action:
Target Scenarios:
Bearish Case (60% probability): $95-97 range
Support levels at $95 and $92
Declining volume suggests continued downward pressure
RSI indicating oversold conditions but still trending down
Neutral Case (30% probability): $98-102 range
Current price finding temporary support around $100
Low volatility suggesting consolidation phase
Bullish Case (10% probability): $103-105 range
Resistance levels at $105 and $108
Would require significant positive catalyst to break current downtrend
Recommendation: SELL
- Current technical indicators suggest continued downward momentum
- Despite positive analyst outlook, price action remains bearish
- Optimal entry for short positions around $102-103 if price rebounds
- Set stop loss at $105 to manage risk
- First profit target at $95, second target at $92
THO Similar Chart Price Prediction
The price of THO is predicted to go up -15.22%, based on the high correlation periods with MFG. The similarity of these two price pattern on the periods is 94.77%.
THO
MFG
Down: -15.22%Similarity: 94.77%
THO Revenue Forecast
THO EPS Forecast
THO FAQs
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THO VS S&P500
Thor Industries has positioned itself as the largest RV manufacturer in North America and second-largest RV manufacturer in Europe, which should disproportionately benefit the company as the industry returns to growth.
Thor has ample balance sheet flexibility to execute upon additional acquisitions as well as engage in buybacks and dividends.
Thor has diversified its business over the past few years as the company has entered new geographies and now sells aftermarket parts, which should help reduce some of the overall cyclicality in the business.
THO Analyst's Forecast
Michael Swartz
Truist Securities
Hold
2025-02-10
Price Target
$98 → $110
Upside
+8.18%
Truist analyst Michael Swartz raised the firm's price target on Thor Industries to $110 from $98 and keeps a Hold rating on the shares as part of a broader research note on Recreational Vehicles. Following a "tumultuous" three-year stretch, the recent conversations with dealers suggest that an industry-wide demand/earnings recovery has finally arrived, the analyst tells investors in a research note. This is also supported by improved demand signals, healthier margins and cash generation, and a broader restocking posture, indicating that FY25/FY26 Street numbers could ultimately prove "conservative", Truist added.
James Hardiman
Citigroup
Strong Buy
2024-09-26
Price Target
$119 → $124
Upside
+14.37%
Michael Swartz
Truist Securities
Hold
2024-09-20
Price Target
$95 → $105
Upside
+1.44%
