Pay attention to the following industrials stocks approaching critical price targets: JetBlue Airways Corporation, General Electric, Raytheon Technologies are the ones to watch.
A quick recap: The leading indices are pointing up — Nasdaq up to 11,500, gaining 0.92%. S&P 500 goes up 0.57%, trading at 3,992.69.
What is a Price Target?
A "price target" is an estimate of the future price of a stock based on earnings forecasts and assumed valuation multiples. Price targets are typically generated by respected market analysts who believe a stock to be fairly valued relative to its projected and historical earnings. Target prices are used to evaluate stocks and can help investors evaluate the potential risk/reward profile of a stock. Take a look at these industrials stocks and their price targets.
Buyers pushing JetBlue Airways towards its price target of $8.47; currently at $8.38
The major low cost US airline trades at $8.38 today, after closing Friday at $8.15 and gaining 23.5 cents (2.88%).
JetBlue hit a significant low of $6.19 around 2 months ago, but has since recovered 31.66%. JetBlue has a market cap of $2.72 billion with an average daily volume of 8.78 million shares. JetBlue expected revenue of $2.41 billion with an EPS of 19 cents.
JetBlue's run now faces a challenge at $8.47, which is only 8 cents away and will be interesting to follow.
Buyers pushing GE towards its price target of $84.34; currently at $84.38
GE's recent run now faces a major challenge as concentrated supply is likely found at $84.34 with price action currently 4 cents away.
GE has posted further gains as part of a 4 day trend that has already seen the stock gain $1.29. this session seems to remain in the same lane for now — the US conglomerate gaining 0.99% and hovering around the $84.38 level.
Buyers pushing GE towards its price target of $84.34; currently at $84.38
GE's recent run now faces a major challenge as concentrated supply is likely found at $84.34 with price action currently 4 cents away.
GE has posted further gains as part of a 4 day trend that has already seen the stock gain $1.29. this session seems to remain in the same lane for now — the US conglomerate gaining 0.99% and hovering around the $84.38 level.