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June 04, 2023
EBay Inc, Yum! Brands Inc, Brunswick Corporation, among others, are the consumer_cyclical stocks approaching important price targets.
A quick recap of where the last trading session ended: Markets had an interesting day Friday; Dow Jones gained 2.12% and closed at 33,763. S&P 500 closed the day at 4,282.37, having gained 1.45%.
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. Check out this rundown of consumer_cyclical stocks and their price targets.
EBay's Price target: $44.82 | Last close: $44.39 | Daily range: $43.27 – $44.48 | Off hours: $44.3
The multinational e-commerce corporation went up to $44.39, gaining 2.61%. Friday's gains added to eBay's 3 days uptrend, during which it increased a total of 72 cents. Trading volume totalled 4.49 million which equates to around 98% of the stock's 21-day average Friday.
4 months ago the consumer-to-consumer e-commerce giant reached a significant high of $51.66 but has consequently lost 16.26% since then. The company's market cap currently stands at $23.74 billion with an average daily trading volume of 4.59 million shares. So far this year, it has been under-performing the Nasdaq by 16.32%. EBay has a forecast of $2.48 billion with an EPS of $1.07.
EBay's run now faces a challenge at $44.82, which is only 43 cents away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow.
Buyers pushing Yum! Brands towards its price target of $135.17; currently at $134.53
Yum! Brands's recent run now faces a major challenge as concentrated supply is likely found at $135.17 with price action currently 64 cents away.
Yum! Brands has posted further gains as part of a 4 day trend that has already seen the stock gain $4.46. Friday continued on the same track for Yum! Brands — bullish sentiment helped Yum, a fast food corporation operating the KFC, Pizza Hut and Taco Bell brands, to hammer out a noteworthy $132.78 to $134.61 range Friday, and finally closing at $134.53 to end the session. Daily trading volume (1.92 million shares) increased, making up 100% of the 21-day average (1.89 million).
Buyers pushing Brunswick towards its price target of $81.82; currently at $80.58
Brunswick's recent run now faces a major challenge as concentrated supply is likely found at $81.82 with price action currently $1.24 away.
Brunswick has posted further gains as part of a 3 day trend that has already seen the stock gain 61 cents. Friday's session pointed in the same direction — Brunswick ended Thursday's session at $76.11. Friday started with an increase to $80.66, but dropped back and closed at $80.58. Daily trading volume (776,987 shares) increased, making up 127% of the 21-day average (612,570).
