Technical Analysis: TJX's stock shows a consolidation pattern in recent trading sessions, with price fluctuating between $123.35 and $126.745. The stock has formed a short-term resistance at $127 level.
News Sentiment Analysis:
Price Prediction for Next Week (Feb 18-23, 2025):
Based on technical indicators and current market sentiment:
Target Price Scenarios:
Trading Recommendation: SELL with target entry at $126-127 range Rationale:
Stop Loss: $128.50 First Target: $123.35 Second Target: $121.00
The price of TJX is predicted to go up -3.78%, based on the high correlation periods with ENB. The similarity of these two price pattern on the periods is 96.46%.
TJX
ENB
Year
TJX Price Forecast($)
Potential Return(%)
2025
145.000
20.100
2026
145.000
16.200
2027
160.000
28.220
2028
180.000
44.240
2029
180.000
44.240
2030
200.000
60.270
TJX's wide assortment of branded merchandise at bargain prices positions the firm to perform well during periods of tighter economic conditions.
The off-price channel is well insulated from burgeoning e-commerce penetration, protecting the firm's competitive position.
With a nascent presence internationally, we think further expansion of the off-price apparel and accessory industry abroad provides TJX with a robust growth runway.
Morgan Stanley
2025-01-21
Price Target
$130 → $135
Upside
+9.49%
UBS
2025-01-10
Price Target
$148 → $151
Upside
+25.77%
TD Cowen
2024-11-22
Price Target
$130 → $132
Upside
+8.67%