TXRH Price Prediction Next Week
Technical Analysis: Texas Roadhouse (TXRH) shows a bullish trend in recent trading sessions, with the stock closing at $171.70 on February 14, 2025. The stock has demonstrated strong momentum with a post-market increase of 0.44%.
News Sentiment & Analyst Outlook: Recent analyst coverage indicates a positive outlook:
- Average price target: $201.71
- High target: $213.00
- Low target: $185.00
- 7 analysts coverage: 1 Bullish, 2 Somewhat Bullish, 4 Neutral
Fundamental Drivers:
- Strong comparable sales growth with high single-digit performance
- Domestic-focused business model minimizing international exposure
- Quality food at competitive prices driving customer traffic
- Potential headwind: beef prices as a key input cost
Price Prediction for Next Trading Week: Based on technical indicators and analyst sentiment:
- Support level: $169.68 (recent low)
- Resistance level: $172.82 (recent high)
- Target range: $173-178
Expected price movements:
- Monday-Tuesday: Initial resistance test at $173
- Mid-week: Potential breakthrough to $175 if market sentiment remains positive
- End of week: Could reach $178 if earnings expectations remain strong
Trading Recommendation: BUY with an entry point at current levels ($172) with a stop loss at $169. The stock shows strong fundamentals and positive analyst sentiment, with upcoming earnings report expected to be solid despite weather-related concerns. The technical setup suggests a continuation of the upward trend with minimal downside risk.
Target exit points:
- First target: $175 (+1.7%)
- Second target: $178 (+3.5%)
- Stop loss: $169 (-1.7%)
TXRH Similar Chart Price Prediction
The price of TXRH is predicted to go up -81.75%, based on the high correlation periods with HLX. The similarity of these two price pattern on the periods is 96.64%.
TXRH
HLX
Down: -81.75%Similarity: 96.64%
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TXRH Analyst's Forecast
John Glass
Morgan Stanley
Hold → Buy
2025-01-21
Price Target
$205 → $213
Upside
+17.01%
Morgan Stanley upgraded Texas Roadhouse to Overweight from Equal Weight with a price target of $213, up from $205. There is still some margin upside for Texas Roadhouse as Morgan Stanley is above Street on margins and earnings accordingly, the analyst tells investors in a research note. Delivering on this can sustain a multiple that is still above the company's history, contends the firm. It adds Texas Roadhouse's "clean" balance sheet, and a Bubba's expansion "story increasingly coming into view should also be supportive" of the shares.
Jeff Farmer
Gordon Haskett
Strong Buy → Hold
2025-01-08
Price Target
$192
Upside
+5.47%
Alton Stump
Loop Capital
Strong Buy
2024-10-28
Price Target
$215 → $209
Upside
+11.11%
