What is the price prediction for cgbd
8/28/2024 05:41pm
The price prediction for CGBD (Carlyle Secured) is currently not available. However, based on the available data, the stock has experienced a decline of 8.31% over the past month and a 7.04% decline over the past three months. In contrast, the stock has seen a modest increase of 2.65% over the past six months.
1. **Analyst Ratings and Price Targets**: Carlyle Group (CG), the parent company of CGBD, has received a 12-month price target average of $47.83, with a high forecast of $64.00 and a low forecast of $42.00. This represents an upside potential of approximately 18.71% from the last price of $40.29.
2. **Market Sentiment and Technical Indicators**: The stock has a mixed signal with sell signals from both short and long-term moving averages, indicating a more negative forecast. However, there is a buy signal from the 3-month moving average convergence divergence (MACD), and the stock is expected to rise 2.01% during the next 3 months with a 90% probability to hold a price between $39.20 and $50.79.
3. **Recent News and Developments**: There is no recent news specific to CGBD that would indicate a price prediction. However, Carlyle Group has been involved in significant transactions, such as the acquisition of Worldpac from Advance Auto Parts for $1.5 billion, which could potentially impact the stock's performance.
In conclusion, while there is no specific price prediction available for CGBD, the analyst ratings and price targets for CG suggest a positive outlook with potential upside. However, investors should consider the mixed technical signals and the broader market conditions when making investment decisions.