WU Price Prediction Next Week
Technical Analysis
Recent price action shows WU has been trading in a downward channel. The stock is currently testing its support level around $12.50. RSI indicates oversold conditions, suggesting a potential short-term bounce.
News Impact
- Western Union will present at Wolfe Fintech Forum on March 11th, which could provide catalysts for price movement
- Company facing challenges with legacy infrastructure despite being oversold
- Revenue remained flat at $4.2B for FY 2024, with consumer money transfer segment declining by $207M
Price Projection (Next Trading Week) Based on technical indicators and news sentiment:
- Support: $12.30
- Resistance: $13.20
- Target Price: $12.85
Trading Recommendation Short-term HOLD with potential to BUY if price holds above $12.50 support. Key reasons:
- Oversold conditions suggest limited downside
- Upcoming presentation may provide positive catalyst
- However, fundamental challenges with legacy systems remain
- Wait for confirmation of trend reversal before establishing new positions
Target entry: $12.50 Stop loss: $12.20 Take profit: $13.20
WU Similar Chart Price Prediction
The price of WU is predicted to go up -6.59%, based on the high correlation periods with BLDR. The similarity of these two price pattern on the periods is 91.6%.
WU
BLDR
Down: -6.59%Similarity: 91.6%
WU Revenue Forecast
WU EPS Forecast
WU FAQs
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WU VS S&P500
The demographic factor that has historically driven money transfer growth-namely, the differential between population growth in developing and developed countries-remains in place for the foreseeable future.
Western Union didn't see a major dropoff during the last recession or the pandemic, highlighting the stability of the business.
While the motives for immigrants to relocate to wealthier countries are well understood, developed countries also have incentives to open their borders, as negligible native population growth makes immigration a necessity for long-term GDP growth.
WU Analyst's Forecast
Ramsey El-Assal
Barclays
Sell
2024-12-13
Price Target
$11 → $10
Downside
-7.06%
Barclays analyst Ramsey El-Assal lowered the firm's price target on Western Union to $10 from $11 and keeps an Underweight rating on the shares. The firm updated the company's model.
Sanjay Sakhrani
Keefe, Bruyette & Woods
Hold
2024-12-09
Price Target
$13 → $12
Upside
+9.79%
Timothy Chiodo
UBS
Hold
2024-10-24
Price Target
$14 → $12
Upside
+7.53%
