VIRT Price Prediction Next Week
Analysis and Insights
News and Event Impact:
Virtu Financial (VIRT) recently announced its fifth annual Women in Data Science (WiDS) conference, showcasing its commitment to fostering innovation and diversity in technology. This event aligns with the company's strategic focus on AI and data science, which are critical for its growth in financial services. Additionally, Virtu has been expanding its presence in the cryptocurrency market, capturing opportunities despite market volatility.
Technical Analysis:
The stock is currently trading at $35.24, with key Fibonacci levels indicating support at $34.79 and resistance at $36.97. The RSI_14 is at 48.21, suggesting the stock is not overbought or oversold. The MACD is slightly bearish but not significantly so, indicating a potential stabilization phase.
Valuation and Analyst Sentiment:
VIRT is trading with a P/S ratio of 1.58x, which is attractive compared to the financial sector average. Analysts have a moderate buy rating with a 12-month target price of $38.13, suggesting upside potential.
Conclusion:
Based on the positive news, moderate technical indicators, and analyst sentiment, the stock is expected to rise slightly. Predicted price for next week: $37.50. Recommendation: Buy.
VIRT Similar Chart Price Prediction
The price of VIRT is predicted to go up 22.88%, based on the high correlation periods with AFRM. The similarity of these two price pattern on the periods is 97.21%.
VIRT
AFRM
Up: 22.88%Similarity: 97.21%
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%
