A good entry price for Philip Morris International (PM) could be considered to be around $125 to $130, based on the following analysis:
- Analyst Price Targets: The consensus price target for PM is approximately $132.08, with some analysts setting targets as high as $155. This suggests that there is potential for the stock to appreciate from its current price.
- Technical Analysis: A technical analysis plan recommends buying PM near the support level of $129.56, with a stop loss at $128.48. This indicates that the stock may find support in the $125 to $130 range, making it a potentially good entry point.
- Recent Performance: PM has experienced a significant uptrend, with a percentage change of 4.84% on November 6, 2024. While it is important to consider the broader market conditions and investor sentiment, this uptrend may continue, providing an opportunity for investors to enter the stock at a favorable price.
- Market Conditions: It's important to consider the broader market conditions and investor sentiment. If there are any upcoming events or announcements that could impact the stock, such as product launches, mergers, or economic indicators, these should be taken into account when determining a good entry price.
In conclusion, a good entry price for PM could be considered to be in the $125 to $130 range, based on the consensus price target, technical analysis, recent performance, and market conditions. However, investors should also consider their individual investment goals, risk tolerance, and the current market environment before making a decision.
11/6/2024 07:20pm
