Soxx stock price forecast technical analysts monitoring SOXX ETF

Technical analysts monitoring SOXX ETF highlight MACD crossovers, signaling potential bullish continuation. Price forecast centers around $240 mid-term. Below are three stocks Goldman Sachs analysts give a “buy” rating. They also assigned price targets that indicate they are poised for double-digit returns over the next year. Let’s see if the investment banker is early again with its call or right on the money. For the quarter, the company reported adjusted earnings of 37 cents per share, while analysts surveyed by LSEG had anticipated 38 cents per share. Meanwhile, its revenue of $1.55 billion was in line with the consensus estimate. Trading desks report increased call option activity on SOXX, hinting at bullish positioning. Price forecast suggests a move above 230 in coming weeks if sector earnings maintain double-digit growth.