WBS Price Prediction Next Week
Analysis and Insights
Technical Analysis:
Webster Financial Corp (WBS) is currently in oversold territory, with an RSI of 24.7, indicating potential for a bullish reversal. The stock is trading near its lower Bollinger Band, suggesting it may be undervalued. The MACD is bearish, but a crossover could signal a trend reversal.
Fundamental Analysis:
Wells Fargo maintains a Buy rating with a $75 target, and the average analyst target is $71.40. This suggests confidence in WBS's future performance. However, insider selling has increased, indicating some negative sentiment.
Fibonacci Levels:
The stock is near its lower Fibonacci support level. A breakout above the pivot at $53.71 could target resistance levels at $56.38 and $58.03.
Conclusion:
Given the oversold condition and positive analyst sentiment, WBS is likely to rebound. The target price for the next trading week is $56.38, and it is recommended to buy at current levels.
WBS Similar Chart Price Prediction
The price of WBS is predicted to go up -4.72%, based on the high correlation periods with ENVA. The similarity of these two price pattern on the periods is 99.04%.
WBS
ENVA
Down: -4.72%Similarity: 99.04%
WBS Revenue Forecast
WBS EPS Forecast
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WBS Analyst's Forecast
Jon G. Arfstrom
RBC Capital
Buy
2025-01-21
Price Target
$66 → $68
Upside
+12.83%
RBC Capital raised the firm's price target on Webster Financial to $68 from $66 and keeps an Outperform rating on the shares. The company's core results were favorable with stronger margin and net interest income dynamics, combined with solid fee results, and manageable expenses, but its credit costs were higher than expected and driven by some negative migration, the analyst tells investors in a research note. RBC maintains its view however that Webster's credit metrics appear manageable.
Anthony Elian
JP Morgan
Buy
2025-01-07
Price Target
$67 → $65
Upside
+18.03%
Timur Braziler
Wells Fargo
Hold → Buy
2025-01-06
Price Target
$70 → $75
Upside
+34.02%
