WBS Price Prediction Next Week
Technical Analysis: Based on the technical indicators, WBS is showing mixed signals. The RSI(14) at 51.52 indicates a neutral momentum, while the MACD at 0.88 suggests a slightly bullish trend. The stock is trading above both its 20-day (59.20) and 60-day (58.57) moving averages, indicating an overall upward trend.
Fibonacci Analysis: Current key Fibonacci levels:
- Resistance 3: $63.67
- Resistance 2: $62.21
- Resistance 1: $61.31
- Pivot: $59.85
- Support 1: $58.39
- Support 2: $57.48
- Support 3: $56.02
News Sentiment & Fundamental Analysis: Recent analyst ratings are positive, with RBC Capital maintaining a Buy rating and a price target of $68.00. However, Morgan Stanley maintains a Hold rating, suggesting some caution. The company reported Q4 2024 adjusted EPS of $1.43, beating estimates but down from $1.46 a year ago.
Loan Growth Analysis: The banking sector is experiencing tepid loan growth, with a median increase of only 1.13% year-over-year among major banks. This could impact WBS's future profitability, though the bank's CEO John Ciulla anticipates mid-single-digit loan growth.
Price Prediction for Next Week: Based on technical and fundamental analysis:
- Expected price range: $58.39 - $61.31
- Most likely scenario: Bullish with resistance at $61.31
- Target price: $60.75
Trading Recommendation: BUY Entry point: Current market price ($59.85) Rationale:
- Trading above key moving averages
- Positive analyst sentiment
- Strong Q4 earnings performance
- Technical indicators showing upward momentum
Stop loss should be placed at $58.39 (Support 1) to limit potential losses.
WBS Similar Chart Price Prediction
The price of WBS is predicted to go up -21.23%, based on the high correlation periods with FLWS. The similarity of these two price pattern on the periods is 97.94%.
WBS
FLWS
Down: -21.23%Similarity: 97.94%
WBS Revenue 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%
