VRSK Price Prediction Next Week
Analysis and Insights
Technical Analysis:
Verisk Analytics (VRSK) is currently trading at $300.98, with a 52-week range of $244.11 to $332.31. The stock is above its 50-day, 100-day, and 200-day moving averages, indicating a bullish trend. The Relative Strength Index (RSI) is at 59.20, suggesting the stock is in a neutral zone, while the MACD is positive at 3.11, indicating upward momentum.
News Sentiment and Analyst Ratings:
Recent news indicates strong earnings for Verisk Analytics, with revenue of $735.6 million and a net profit of $210.4 million, showing growth compared to the previous year. Analysts have mixed ratings, with Evercore ISI maintaining a Hold rating and a price target of $285, while Argus Research maintains a Buy rating.
Fibonacci Levels:
The Fibonacci levels for VRSK indicate a pivot point at $288.21, with resistance levels at $305.06 and $315.47, and support levels at $271.37 and $260.96.
Conclusion:
Based on the technical indicators and news sentiment, VRSK is expected to reach a price of $305 in the next trading week. It is recommended to sell at this level to lock in profits, as the stock may face resistance at this point.
VRSK Similar Chart Price Prediction
The price of VRSK is predicted to go up 12.86%, based on the high correlation periods with BHF. The similarity of these two price pattern on the periods is 94.52%.
VRSK
BHF
Up: 12.86%Similarity: 94.52%
VRSK Revenue Forecast
VRSK EPS Forecast
VRSK FAQs
What is VRSK revenue forecast for next quarter？
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VRSK VS S&P500
Verisk is doubling down on the regulatory advantaged insurance vertical, which we believe will support a material improvement in returns on invested capital and profitability.
Verisk's earnings are tied to the steady, nondiscretionary P&C insurance market, providing investors a defensive earnings profile.
We expect Verisk can leverage existing data assets and industry relationships to execute on growth levers in adjacent markets including life insurance and marketing solutions.
VRSK Analyst's Forecast
Manav Patnaik
Barclays
Buy → Hold
2025-01-10
Price Target
$310
Upside
+15.4%
Barclays analyst Manav Patnaik downgraded Verisk Analytics (VRSK) to Equal Weight from Overweight with an unchanged price target of $310. The firm prefers the "cyclical leverage" of Gartner (IT) over Verisk at this point. The latter has little revenue and margin upside in 2025, the analyst tells investors in a research note. Barclays says Verisk 's positive catalysts are "waning" and that it prefers the growth acceleration stories for Thomson Reuters (TRI) and Gartner to start the year.
Jeffrey Meuler
Baird
Buy
2024-10-31
Price Target
$285 → $301
Upside
+9.57%
Ashish Sabadra
RBC Capital
Buy
2024-10-17
Price Target
$268 → $300
Upside
+12.27%
