How much will vrt go up next week?
8/18/2024 04:56pm
**Vertiv Holdings' stock price is not likely to experience a significant increase in the next week.** Here's the analysis to support this conclusion:
1. **Current Stock Price and Recent Performance**: As of August 16, 2024, Vertiv Holdings' stock (VRT) is trading at $79.42. In the previous week, the stock experienced a slight increase of 0.53%.
|Ticker|Name|Date|Closing Price|code|market_code|
|---|---|---|---|---|---|
|VRT.N|Vertiv Holdings|20240816|79.42|VRT|169|
2. **Short-Term Price Forecast**: The forecast prices for VRT in the next ten trading days range from $78.32 to $79.42. These forecasts suggest that the stock's price is not expected to rise significantly, with most estimates around the current price or slightly below.
|Ticker|Name|Date|Forecast Price|code|market_code|
|---|---|---|---|---|---|
|VRT.N|Vertiv Holdings|20240818||VRT|169|
|VRT.N|Vertiv Holdings|20240819|78.71269936|VRT|169|
|VRT.N|Vertiv Holdings|20240820|78.77878137|VRT|169|
|VRT.N|Vertiv Holdings|20240821|79.30126562|VRT|169|
|VRT.N|Vertiv Holdings|20240822|79.40641044|VRT|169|
|VRT.N|Vertiv Holdings|20240823|79.18908046|VRT|169|
|VRT.N|Vertiv Holdings|20240826|78.76461355|VRT|169|
|VRT.N|Vertiv Holdings|20240827|78.89642931|VRT|169|
|VRT.N|Vertiv Holdings|20240828|78.3198041|VRT|169|
|VRT.N|Vertiv Holdings|20240829|78.99338561|VRT|169|
3. **Market Sentiment and Options Trading**: The sentiment among big-money traders is split between 50% bullish and 25% bearish. This indicates a lack of strong positive sentiment that would typically drive a stock price up.
4. **Analyst Ratings and Price Targets**: The consensus target price among analysts is $96.33333333333333, which is significantly higher than the current price. However, this is a long-term target and does not necessarily reflect short-term expectations.
5. **Company Fundamentals**: Vertiv Holdings has a high price-to-earnings ratio of 59.72, which is above its industry average. This suggests that the stock may be overvalued compared to its earnings, which could limit its short-term upside potential.
6. **Technical Indicators**: The stock's technical indicators, such as the Relative Strength Index (RSI), do not indicate that the stock is approaching an oversold condition. An oversold condition is sometimes a precursor to a price increase, but this is not a current factor.
In conclusion, while there is no imminent risk of a sharp decline, the lack of strong bullish sentiment and the stock's current valuation suggest that a significant increase in the stock price in the next week is unlikely.