TXT Price Prediction Next Week
Analysis and Insights
News Impact:
Textron (TXT) recently received positive news regarding its Ripsaw M3 program winning the U.S. Army's Robotic Combat Vehicle competition. This victory positions Textron favorably for future defense contracts, enhancing investor sentiment and potentially boosting revenue streams.
Technical Indicators:
- RSI (14): 55.05, indicating a neutral stance.
- MACD: Slightly bearish with a value of -0.66, but the histogram shows a potential bullish signal.
- Moving Averages: Trading above 20, 50, and 200-day SMAs, a bullish sign.
- Bollinger Bands: Near the lower band, suggesting possible upside.
Fibonacci Levels:
- Pivot Point: 73.09
- Resistance Levels: 75.29, 76.65
- Support Levels: 70.89, 69.53
Price Prediction:
Given the positive news and bullish technical setup, Textron's stock is expected to break above resistance. The target price for the next trading week is approximately $76.65.
Recommendation:
Buy Textron (TXT) with a target price of $76.65.
TXT Similar Chart Price Prediction
The price of TXT is predicted to go up 11.31%, based on the high correlation periods with PFX. The similarity of these two price pattern on the periods is 93.78%.
TXT
PFX
Up: 11.31%Similarity: 93.78%
TXT Revenue Forecast
TXT EPS Forecast
TXT FAQs
What is TXT revenue forecast for next quarter？
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TXT VS S&P500
Textron has a massive opportunity with the Future Vertical Lift contract to become the preeminent military rotorcraft manufacturer for the foreseeable future.
Textron's Citation Latitude and Longitude super-midsize business aircraft are desirable alternatives to long-range business aircraft, which should drive sales for the company's aviation segment.
Textron services an immense installed base of its planes and helicopters, which provide many years of recurring, albeit cyclical revenue.
TXT Analyst's Forecast
Ronald Epstein
B of A Securities
Strong Buy → Hold
2025-01-24
Price Target
$110 → $85
Upside
+10.1%
BofA analyst Ronald Epstein downgraded Textron to Neutral from Buy.
Kristine Liwag
Morgan Stanley
Hold
2025-01-23
Price Target
$86 → $82
Upside
+4.85%
Jason Gursky
Citigroup
Strong Buy
2025-01-21
Price Target
$118 → $111
Upside
+36.7%
