WING Price Prediction Next Week
Technical Analysis: Based on the recent price action, WING has shown strong momentum with a significant upward trend. The stock closed at $318.67 on February 16, marking a 1.3% increase from the previous day .
Key technical observations:
- Price has formed higher highs and higher lows over the past week
- Volume increased significantly on February 16 with 827,400 shares traded, indicating strong buying interest
- Current price is trading above both 50-day and 200-day moving averages, suggesting bullish momentum
News & Event Impact:
- Super Bowl Impact: WING was among the restaurant chains running significant Super Bowl promotions, which likely contributed to positive sentiment
- Upcoming Q4 Earnings: WING is scheduled to report Q4 results on February 19 pre-market, which could bring volatility
Price Prediction for Next Week: Based on technical analysis and upcoming catalysts:
- Support levels: $313.86 (recent low)
- Resistance levels: $324.27 (recent high)
Target Price Range:
- Bullish scenario (60% probability): $325-330
- Bearish scenario (40% probability): $310-315
Trading Recommendation: SELL with a target price of $310. Rationale:
- Stock is approaching overbought territory after recent rally
- Pre-earnings volatility expected
- TD Cowen analyst recently lowered price target to $365 from previous levels
- Technical indicators suggest potential short-term pullback
Optimal entry for short positions around $320-322 with stop loss at $326.
WING Similar Chart Price Prediction
The price of WING is predicted to go up -5.4%, based on the high correlation periods with WTW. The similarity of these two price pattern on the periods is 97.85%.
WING
WTW
Down: -5.4%Similarity: 97.85%
WING Revenue Forecast
WING EPS Forecast
WING FAQs
What is bull’s view on WING?
What is bear's view on WING?
What is WING revenue forecast for next quarter？
What is WING eps forecast for next quarter？
WING VS S&P500
Wingstop's early success in the UK could augur well for a further thrust into large continental Europe markets.
With the ability to utilize more parts of the chicken across its menu (thighs, breasts), Wingstop should be able to stabilize food input costs for its franchisees and company-owned restaurants.
A national marketing fee increase could help Wingstop narrow the brand recognition gap with its large, international peers, driving stronger traffic to its US stores.
WING Analyst's Forecast
John Glass
Morgan Stanley
Hold → Buy
2025-01-21
Price Target
$385 → $389
Upside
+38.69%
Morgan Stanley upgraded Wingstop to Overweight from Equal Weight with a price target of $389, up from $385. The firm says it has always liked the business model and notes Wingstop has been the most restrained on pricing in its coverage over the last five years, with the stock's valuation its main hurdle to recommending the stock. Most of the other drivers of long term value, namely unit growth, "remain even better," and should be in 2025 as well, the analyst tells investors in a research note. Morgan Stanley currently sees a more attractive opportunity on its discounted cash flow to valuation analysis basis, adding the drivers of Wingstop's long term value is intact.
Christine Cho
Goldman Sachs
Hold → Strong Buy
2024-11-08
Price Target
$458 → $377
Upside
+10.89%
Brian Mullan
Piper Sandler
Hold
2024-11-04
Price Target
$375 → $300
Upside
+0.95%
