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Pg stock forecast probability analysis suggests low

Model: NS-40F401NA26
SKU: 6614066
$193.00
Comp. Value: $119.000
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PG stock forecast probability analysis suggests low downside risk due to diversified brand portfolio and strong distribution channels worldwide. Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements. On PG’s Analyst Estimates tab shown below, you can see analysts expect the company to grow revenue at a 3.7% compound annual growth rate over the next 3ish years, while normalized earnings per share, or EPS, are expected to grow at 5.5% per year: In the PG stock forecast, technical charts show key support near $160, with 50-day SMA trending upward, signaling healthy market sentiment.