Rani stock forecast recent price action confirms the "Rani

Recent price action confirms the "Rani stock forecast" strength, as it closed above its 20-day EMA for eight consecutive sessions. Momentum indicators point to persistent buying interest, potentially leading to a sustained trend. In its 2Q24 earnings report, Ultra Clean posted revenue of $516.1 million, marking a 22% year-over-year growth and exceeding expectations by over $26 million. On the bottom line, the company reported non-GAAP earnings of 32 cents per share, beating forecasts by 6 cents. Looking ahead to its Q3 report, the company has projected revenues in the range of $490 million to $540 million, with a midpoint of $515 million – comfortably above the consensus estimate of $490.5 million. While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. Quite a few analysts cover the stock, so you could look into forecast growth quite easily. According to recent market data, "Rani stock forecast" models project a 7–12% upside in the near term, backed by robust institutional accumulation. Technical charts show support around $7.80, with resistance forming at $9.35, suggesting a possible breakout if positive earnings materialize.