Bright Horizons Family Solutions Inc. | BFAM

Daily Technical Analysis of Bright Horizons Family Solutions Inc.

Bright Horizons Family Solutions is up a bit on the day, funds flowing in kept the price up 1.17% since yesterday. It looks like BFAM may be interacting with a downward sloping resistance line. This may be an opportunity to short sell. In addition to being near an angled resistance line BFAM is near a moderate horizontal resistance line. These areas typically mark where sellers have previously been at or buyers don't think the asset is worth more than this price. A resistance line like this could mark a reversal point. Or a good time to sell. Of course, if it breaks through the line there may be a burst of buying on the other side that pushes the price up. Momentum wise Bright Horizons Family Solutions, hasn't been very high in either direction over the last 3 month. So hard to say what it will do here.

If the price breaks through the resistance level it will probably move up to the $136.37 where it may meet further resistance. If the price does in fact bounce off here, it might find nearest support down at the $122.28 level, hard to say where it will go from there though.

Analyst Ratings for Bright Horizons Family Solutions By Price Target And Rating

The analysts are pretty neutral on BRIGHT HORIZONS FAMILY SOLUTIONS right now, so not much useful information here. The current Analysts Sentiment Score is 1.15. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. Robert W. Baird provided a price target boost of 9.52% to $115.00 from $105.00 on 2024-05-03. BMO Capital Markets provided a price target boost of 1.96% to $104.00 from $102.00 on 2024-05-03. On 2024-04-10 The Goldman Sachs Group increased their price target by 13.89% to $123.00. Barclays upgraded from Equal Weight to Overweight on 2024-02-28 and also increased their price target by 25% to $125.00. On 2024-02-14 UBS Group lowered their price target by -0.97% to $102.00. JPMorgan Chase & Co. provided a price target boost of 15.05% to $107.00 from $93.00 on 2024-02-14. Morgan Stanley gave a boost to their price target and moved to $64.00 from $61.00 on 2023-08-02. Citigroup downgraded from Buy to Neutral on 2023-05-12 but also increased their price target by 6.32% to $101.00.

Earnings Per Share (EPS) Estimates By Year and Quarter

Short interest for BRIGHT HORIZONS FAMILY SOLUTIONS

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Social Sentiment for BRIGHT HORIZONS FAMILY SOLUTIONS

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.