Based on the provided data and technical analysis, here's the price prediction for VTRS for the next trading week:
Technical Analysis
News Impact According to recent reports, VTRS has significantly underperformed the broader market:
Price Targets
Next Week's Price Prediction Expected trading range: $10.60 - $11.43 Most likely scenario: Initial bounce from oversold conditions toward first resistance at $11.43, followed by consolidation around $11.00.
Recommendation: BUY at current levels ($10.77) with stop loss at $10.44 (lower Bollinger Band). The oversold conditions and positive analyst outlook suggest a potential short-term recovery.
The price of VTRS is predicted to go up -1.52%, based on the high correlation periods with NX. The similarity of these two price pattern on the periods is 98.62%.
VTRS
NX
A new focus on dermatology, ophthalmology, and gastroenterology will pave ways for many untapped opportunities that Viatris can utilize with its scale and manufacturing power.
Effective portfolio optimization and a promising pipeline of first-to-market launches will provide solid top line tailwinds.
Exiting biosimilars business will reallocate resources and help the company focus on long-term goals in its core generic and branded markets.
Piper Sandler
2024-12-06
Price Target
$13 → $14
Upside
+10.06%
Barclays
2024-11-08
Price Target
$11 → $12
Downside
-7.41%