VIRT Price Prediction Next Week
Analysis and Insights
To predict the stock price of Virtu Financial (VIRT) for the next trading week, we analyze both news sentiment and technical indicators.
News Sentiment Analysis:
Virtu Financial recently announced its fifth annual Women in Data Science (WiDS) conference, showcasing its commitment to technology and diversity. Additionally, the company reported strong Q4 2024 earnings, with revenue growing 55.7% year-over-year and net income significantly higher than the previous year. Virtu has also expanded its footprint in the cryptocurrency sector and plans to enhance its ETF block offerings, which could attract more clients.
Technical Analysis:
The stock is currently trading at $36.03, with a 20-day moving average of $35.77. Key technical indicators include:
- RSI (14): 46.38, indicating a neutral position.
- MACD: Slightly negative, suggesting mild bearish momentum.
- Fibonacci Levels: Resistance at 36.90 and 37.66, with support at 34.43 and 33.67.
Price Prediction:
Based on the strong earnings report and expansion into new markets, we predict the stock price will rise to $37.20 next week. However, it may face resistance at the Fibonacci R1 level of 36.90.
Recommendation:
Buy VIRT stock as the positive news and earnings growth outweigh the current technical resistance levels.
VIRT Similar Chart Price Prediction
The price of VIRT is predicted to go up 6.26%, based on the high correlation periods with SAGE. The similarity of these two price pattern on the periods is 96.51%.
VIRT
SAGE
Up: 6.26%Similarity: 96.51%
VIRT Revenue Forecast
VIRT EPS Forecast
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VIRT Analyst's Forecast
Patrick Moley
Piper Sandler
Buy
2025-01-07
Price Target
$35 → $40
Upside
+10.56%
Piper Sandler raised the firm's price target on Virtu Financial to $40 from $35 and keeps an Overweight rating on the shares as part of an earnings preview note for earnings, trading companies and ebrokers. The U.S. Presidential election and ensuing risk-on trading environment produced record derivative volumes and the strongest quarter for cash equities since the meme stock impacted 1Q21, the analyst tells investors in a research note. The firm sees a more relaxed regulatory outlook for 2025, as well as lower rates, and a further emboldening of retail traders as key themes.
Michael Cyprys
Morgan Stanley
Hold
2024-10-17
Price Target
$23 → $25
Downside
-23.87%
Christopher Allen
Citigroup
Strong Buy
2024-10-09
Price Target
$32 → $37
Upside
+15.09%
