WAL Price Prediction Next Week
Analysis and Insights
Technical Analysis:
Western Alliance Bancorporation (WAL) is currently trading at $76.4 as of 2025-03-10. The stock is showing signs of bearish momentum, with the MACD (-2.19) and Stochastic Oscillator (14.04) indicating oversold conditions. The RSI (31.47) suggests the stock is not yet in overbought territory but is approaching oversold levels.
News Sentiment and Analyst Insights:
Recent news indicates that WAL has passed a 2% yield mark, which could attract income-focused investors. Additionally, WAL is part of the Vanguard S&P Mid-Cap 400 Growth ETF (IVOG), with an analyst target price of $104.36, indicating significant upside potential. High options activity, particularly in call options, suggests bullish sentiment among traders.
Fibonacci Levels:
The Fibonacci levels for WAL are as follows:
- Pivot Point: $82.31
- Resistance Levels: $87.37, $90.49
- Support Levels: $77.25, $74.13
Price Prediction:
Based on the technical indicators and news sentiment, WAL is expected to test the lower support levels in the next trading week. The stock is likely to drop to $74.13, where it may find strong support.
Recommendation:
Sell WAL at the current price of $76.4, with a target price of $74.13.
WAL Revenue Forecast
WAL EPS Forecast
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WAL Analyst's Forecast
Anthony Elian
JP Morgan
Buy
2025-01-07
Price Target
$110 → $105
Upside
+28.6%
JPMorgan lowered the firm's price target on Western Alliance to $105 from $110 and keeps an Overweight rating on the shares. Heading into the Q4 earnings season for regional banks, the firm expects fundamental trends for the quarter to be highlighted by minimal loan and deposit growth, net intercessor margins declining a few basis points, and credit trends remaining stable on an overall basis. Looking beyond the results, JPMorgan believes the focus area alongside bank earnings will be on the 2025 outlooks, the analyst tells investors in a research note. The firm says the outlooks will likely incorporate the latest "higher for a bit longer" interest rate environment. JPMorgan remains bullish on regional bank stocks in 2025 but tempers its optimism tied to the Federal Reserve's "less aggressive rate cutting outlook."
Nicholas Holowko
UBS
Strong Buy
2024-12-17
Price Target
$115
Upside
+30.19%
Timur Braziler
Wells Fargo
Hold
2024-12-03
Price Target
$92 → $102
Upside
+8.81%
