Exxon Mobil’s stock price dropped after disappointing earnings, potentially impacting future performance.
Stock AI’s forecasts:
🔴 -12.0% short-term ⬇️
🟢 +1.3% long-term ⬆️
Stock AI’s (XOM) Forecast get (+11.9% Profit)
StockAI’s analysis delivers real-world results. On 08 March 2024, $XOM ($108.0), StockAI predicted a long-term 🟢 buy signal. It was accurate: 1 month later price increased to $120.8 (🟢11.9%). Buying XOM on this signal yielded a +11.9% profit 💰💰.
XOM-Exxon Mobil Corporation News
🟢 Exxon Mobil scheduled to issue quarterly earnings data before market opens on April 26th, analysts expect earnings of $2.12 per share for the quarter. 📈
🟢 Piper Sandler raised price target for XOM from $130.00 to $145.00, maintaining overweight rating on the stock. 📈
🔴 HSBC raised price target on XOM from $111.00 to $120.00, maintaining hold rating on the stock. 📉
🔴 Exxon Mobil’s stock price fell 4% following a disappointing earnings announcement. 📉
🟢 Exxon Mobil’s stock price reached a new 52-week high after UBS Group raised their price target on the stock from $133.00 to $150.00. 📈
🔴 Exxon Mobil appoints sustainable investing expert to board. 📉
Exxon Mobil Corporation stock has seen a mix of positive and negative news recently, impacting its price expectations. The upcoming quarterly earnings report is anticipated to show strong results, potentially leading to a price increase. However, the disappointment in the previous earnings announcement caused a 4% drop in the stock price. Despite this, the stock reached a new 52-week high after a price target raise by UBS Group. The appointment of a sustainable investing expert to the board may have a positive long-term impact on the company’s stock. Overall, the stock’s performance is likely to be influenced by a combination of these factors in the short and long term.
XOM-Exxon Mobil Corporation Analyst Ratings
📈 Piper Sandler raised their price target on Exxon Mobil (NYSE:XOM) stock from $130 to $145 with an overweight rating.
📈 UBS Group increased their price target on Exxon Mobil (NYSE:XOM) stock from $133 to $150 with a buy rating.
📉 HSBC raised their price target on Exxon Mobil (NYSE:XOM) stock from $111 to $120 with a hold rating.
Sources:
1. ETF Daily News
2. ETF Daily News
3. ETF Daily News
4. ETF Daily News
5. ETF Daily News
Disclaimer
Investors may consider the AI predictions and news summaries as one factor in their investment decisions alongside their own research and risk tolerance.
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