WTS Price Prediction Next Week
WTS Stock Price Prediction and Recommendation
Based on the analysis of news sentiment and technical indicators, the stock price of Watts Water Technologies (WTS) is expected to reach $218 in the next trading week.
Technical Indicators Analysis:
- RSI (14-period): 58.52, indicating a neutral position, with room for further upside.
- MACD: Showing a bullish crossover, with the MACD line above the signal line.
- Fibonacci Levels: The stock is currently trading near the first resistance level of $215.83, with the next resistance at $218.78.
News Sentiment:
- Positive earnings surprise in Q4, with adjusted EPS of $2.05 beating consensus estimates of $1.91.
- The company expects revenue growth in Q1 and FY25, supported by strong financial performance.
Recommendation:
Sell at the resistance level of $218.78, as the stock may face consolidation or a slight pullback after reaching this level.
WTS Similar Chart Price Prediction
The price of WTS is predicted to go up -24.42%, based on the high correlation periods with ELEV. The similarity of these two price pattern on the periods is 93.24%.
WTS
ELEV
Down: -24.42%Similarity: 93.24%
WTS Revenue Forecast
WTS EPS Forecast
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WTS Analyst's Forecast
Nathan Jones
Stifel
Hold
2024-12-11
Price Target
$202 → $218
Downside
-1.56%
Stifel raised the firm's price target on Watts Water to $218 from $202 and keeps a Hold rating on the shares. Global industrial stocks having materially outperformed the growth in earnings with 2024 EPS growth of 10% for the group, notes the analyst, who has "concerns in several areas," but is "relatively bullish that growth will be similar in 2025." However, the firm thinks stocks in the group "may have overshot the mark in the short term," the analyst added.
Ryan Connors
Northcoast Research
Hold → Strong Buy
2024-11-04
Price Target
$225
Upside
+15%
