URI Price Prediction Next Week
Analysis and Insights
To predict the stock price of United Rentals, Inc. (URI) for the next trading week, we analyze both technical indicators and recent news sentiment.
Technical Analysis:
URI's stock price is currently at $628.76, with a Fibonacci pivot point at $625.25. The stock faces resistance at $654.25 (Fibonacci R1) and support at $596.26 (Fibonacci S1). The Relative Strength Index (RSI) is at 36.59, indicating the stock is in oversold territory, which could signal a potential reversal. However, the MACD is negative at -32.66, suggesting bearish momentum.
News Sentiment and Fundamental Analysis:
URI recently missed its Q4 profit estimates due to inflationary costs, reporting an adjusted EPS of $11.59 compared to the expected $11.77. Despite this, the company's revenue of $4.1 billion beat expectations. Analysts maintain a "Moderate Buy" rating with a mean price target of $838.56, indicating potential upside. However, the stock has underperformed the broader market, declining 3% over the past year.
Conclusion:
Based on the oversold RSI and potential for a short-term reversal, URI could see a slight bounce. However, the bearish MACD and recent underperformance suggest caution. The stock is likely to trade between $596.26 and $654.25 in the next week, with a potential downside risk.
Prediction: URI's stock price is expected to drop to $596.26 in the next trading week.
Recommendation: Sell URI at the current price of $628.76, targeting the support level of $596.26.
URI Similar Chart Price Prediction
The price of URI is predicted to go up -5.16%, based on the high correlation periods with BCC. The similarity of these two price pattern on the periods is 98.75%.
URI
BCC
Down: -5.16%Similarity: 98.75%
URI Revenue Forecast
URI EPS Forecast
URI FAQs
What is URI revenue forecast for next quarter？
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URI VS S&P500
Increased equipment rental penetration in North America could result in more general equipment rentals, driving higher revenue growth for United Rentals.
An increase in US infrastructure spending over the next few years could lead to greater demand for United Rentals' products.
United Rentals' growing focus on building up its specialty fleet could lead to higher dollar utilization and increased profitability.
URI Analyst's Forecast
Jamie Cook
Truist Securities
Strong Buy
2025-01-16
Price Target
$965 → $963
Upside
+27.14%
Truist lowered the firm's price target on United Rentals to $963 from $965 and keeps a Buy rating on the shares as part of a broader research note previewing Q4 results for Machinery, Infrastructure Services, and Multi-Industry / Industrial Technology names. The firm notes that estimates for the sector are largely intact and Truist believes that consensus estimates for 2025 are reasonable, adding that the management outlooks will be cautiously optimistic with short cycle industrial destock over and organic growth improving as the year progresses, the analyst tells investors in a research note. In Machinery, there are still pockets of excess channel inventory like farm and construction equipment, while Infrastructure Services names will continue to benefit from secular growth tied to power generation, data centers, and broad-based infrastructure, the firm added.
Kyle Menges
Citigroup
Strong Buy
2025-01-14
Price Target
$985 → $835
Upside
+14.41%
Mircea Dobre
Baird
Sell → Hold
2025-01-14
Price Target
$658
Downside
-9.85%
