TITN Similar Chart Price Prediction
The price of TITN is predicted to go up -1.56%, based on the high correlation periods with VIAV. The similarity of these two price pattern on the periods is 98.92%.
TITN
VIAV
Down: -1.56%Similarity: 98.92%
TITN Revenue Forecast
TITN EPS Forecast
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TITN Analyst's Forecast
Mircea Dobre
Baird
Hold → Buy
2025-01-27
Price Target
$14 → $25
Upside
+33.55%
Baird analyst Mircea Dobre upgraded Titan Machinery to Outperform from Neutral with a price target of $25, up from $14. The stock steadily moved lower in 2024 following significant guidance cuts and equipment margin compression as inventories ballooned and used equipment prices declined, the analyst tells investors in a research note. However, the firm says inventories drive stock performance, and Titan is set to destock as 2025 progresses, "which should catalyze the shares." The stock is pricing in losses and write-downs in excess of $200M, an outcome which is very unlikely, contends Baird. As Titan's inventories decline, it expects the stock to rebound to over $25.
