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April 18, 2023
Bright Horizons Family Solutions Inc., Walt Disney, Bath & Body Works, Inc., among others, are the consumer_cyclical stocks approaching important price targets.
A quick recap: Markets don't have a clear cut direction — Dow Jones slipping 0.35% and closing at 33,867. S&P 500 trades at 4,148 with no major change.
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 consumer_cyclical stocks and their price targets.
Buyers pushing Bright Horizons Family Solutions towards its price target of $78.48; currently at $78.28
Currently trading at $78.28, Bright Horizons Family Solutions Inc. remains range-bound between $77.51 and $78.53. Today's session seems to be pointing upwards and is building on Bright Horizons Family Solutions's 4 days of gains (+$2.25).
11 months ago the largest employer-sponsored child care provider reached a significant high of $132.98 but has consequently lost 41.44% since then. Currently, the largest employer-sponsored child care provider has a market capitalization of $4.53 billion with an average daily trading volume of 366,068 shares. The Nasdaq has been doing worse in 2022, it has been passing it by 3.87%. Bright Horizons Family Solutions expected revenue of $524.23 million with an EPS of 63 cents.
Bright Horizons Family Solutions's recent run now faces a major challenge as concentrated supply is likely found at $78.48 with price action currently 20 cents away.
Walt Disney (DIS) Price target: $99.44 | Last price: $100.23 | Daily range: $99.6 – $100.94
Without a clear-cut direction, Walt Disney is trading around $100.23 and ranging between $99.6 and $100.94. While flat so far today, Walt Disney is on a 4 day bullish trend, gaining a total of $2.36 throughout.
Walt Disney hit a significant low of $84.17 around 3 months ago, but has since recovered 19.16%. Walt Disney's market cap currently stands at $183 billion with an average daily volume of 7.93 million shares. So far this year, it has been beating the Dow Jones by 10.23%. $23.51 billion was Walt Disney's last reported revenue with 99 cents being the current EPS.
Walt Disney is eyeing the $99.44 support line.
Bath & Body Works is trading at $35.26, its target level is $34.96
A persuasive break of this target could lead to higher losses.
While on a 5 day downtrend, dropping a total of 6.79%, similar trend today: while bearish sentiment is dominating the market, the soaps and lotions maker is maintaining its poise around $35.26 while ranging between $35 and $35.9 so far today.
