Epd’s price prediction?
8/11/2024 03:34pm
Here is the price target and prediction for Enterprise Products Partners LP (EPD):
1. **Short-term Price Target**: The average short-term price target for EPD is $33.29, with forecasts ranging from a low of $28 to a high of $37. This suggests a potential upside from the current price of $28.72.
2. **Long-term Price Prediction**: The long-term price prediction for EPD is more cautious. By 2025, the predicted price is $28.56, indicating a slight decrease from the current price. This is based on the average yearly growth rate of the past decade.
3. **Technical Indicators**: The stock's technical indicators show a bearish sentiment with a Fear & Greed Index of 39 (Fear), indicating that some investors may be cautious or pessimistic about the stock's future performance.
4. **Analyst Ratings**: The consensus rating among analysts is a "Strong Buy" with an average price target of $34.33, which represents a potential upside from the current price.
In summary, the short-term price target suggests that analysts are optimistic about EPD's stock price in the near term. However, the long-term prediction indicates a more cautious outlook. Investors should consider these factors along with their own investment horizon and risk tolerance when making a decision.