TPX Price Prediction Next Week
Based on recent news and technical analysis, here's the price prediction for TPX for the next trading week:
Technical Analysis The stock is showing bullish momentum with RSI at 62.66, indicating room for further upside while not being overbought. MACD is positive at 2.31, confirming the upward trend. The stock is trading above both its 20-day (61.71) and 60-day (57.61) moving averages, suggesting strong upward momentum.
News Impact
- TPX completed its $5 billion Mattress Firm acquisition on Feb 5, 2025
- The company will rebrand to Somnigroup International effective Feb 18, 2025
- Analysts expect synergies from the merger to be 2-3x higher than the initial $100 million estimate
- William Blair upgraded TPX to Outperform citing "several tangible catalysts supporting continued market share gains"
Price Targets Support levels: $60.50 (Fibonacci S1), $58.31 (Fibonacci S2) Resistance levels: $67.56 (Fibonacci R1), $69.75 (Fibonacci R2)
Next Week's Price Prediction Base case: $69.50-70.50
- Positive momentum from acquisition synergies
- Strong technical indicators
- Analyst upgrades supporting sentiment
The stock is likely to test the Fibonacci R2 resistance at $69.75. Recommend BUY with entry around current levels ($66-67) with a target of $70 for next week. Set stop loss at Fibonacci S1 ($60.50).
TPX Similar Chart Price Prediction
The price of TPX is predicted to go up 7.39%, based on the high correlation periods with CRTO. The similarity of these two price pattern on the periods is 98.35%.
TPX
CRTO
Up: 7.39%Similarity: 98.35%
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TPX Analyst's Forecast
Keith Hughes
Truist Securities
Strong Buy
2025-01-10
Price Target
$58 → $63
Upside
+14.25%
Truist raised the firm's price target on Tempur Sealy to $63 from $58 and keeps a Buy rating on the shares. A ruling on the attempt to block the company's acquisition of Mattress Firm could come any day as the trial concluded last month, and the stock's outperformance relative to its peers since then is indicating for the first time in this close to two-year saga that investors believe Tempur Sealy will win, the analyst tells investors in a research note. Truist adds that it still sees synergies beyond those indicated that could lead to double-digit EPS growth from the deal.
Bobby Griffin
Raymond James
Strong Buy
2024-11-01
Price Target
$57 → $55
Upside
+14.99%
