When Rum goes up, how high do you rhink it will go?

**Rumble Inc. (RUM) is forecasted to reach higher prices in the future.** Here's an analysis based on the available data and forecasts:

1. **Short-Term Forecasts**: The short-term forecast for RUM stock suggests a gradual increase in price. For instance, the 5-day forecast predicts a price of $5.66 per share by June 22, 2024, which is a 1.30% increase from the current price. Additionally, the RUM stock forecast for the end of 2024 is $6.14, representing a year-to-year change of +37%.
2. **Long-Term Forecasts**: The long-term forecast is more optimistic, with RUM stock predicted to reach $8 by the end of 2025, then $10 by the end of 2026, and continuing to rise to $12 by 2028, $15 by 2030, and $17 by 2033. These figures indicate a significant increase from the current price level.
3. **Analyst Price Targets**: The average target price for RUM is $6.00, based on the latest available data. This target is supported by the 12-month price forecast, which does not provide a specific target price but suggests a potential change from the last price of $7.05.
4. **Current Technical Indicators**: The current technical indicators, such as the RSI and MACD, do not provide a clear signal for a specific target price. The RSI is at 19.45, which is close to the oversold territory, suggesting that the stock may be undervalued. However, the MACD is negative at -0.13, which does not indicate a strong uptrend.

In summary, based on the short-term and long-term forecasts, RUM stock has the potential to reach higher prices in the future. The average target price of $6.00 and the long-term forecasts of $8 to $17 suggest a significant upside from the current price. However, the current technical indicators do not provide a clear signal for a specific target price. Investors should consider these forecasts and indicators alongside their own analysis and risk tolerance when making investment decisions.