Bullish Case: With Q4 revenues up 12 percent and a boost in test volume and revenue per test, NEOG shows promise despite litigation hurdles, indicating resilience and potential growth trajectory.


Bearish Case: Preliminary injunction in a patent-infringement lawsuit and restricted sales of key technology, combined with a recent drop in share price, underscore the legal and market risks affecting NEOG.


Potential Outcomes:

1) Legal resolutions favor NEOG, spurring growth (35%).

2) Continued patent disputes dampen investor confidence, hindering growth (40%).

3) Market adaptations or product innovation drive recovery (25%).


Trading Oracle: Sign Up to access trading oracle trade ideas.


February 22, 2024


Neogen Forecast

[NEOG]  Neogen
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)



Make More Profitable Trades with NEOG Forecasts + Trading Strategies







NEOG Balanced News:
















Correlated Stock Forecasts

Assets that tend to move strongly with NEOG



CC Forecast + Options Trading Strategies   [CC]  Chemours (0.81)


DRIV Forecast + Options Trading Strategies   [DRIV]  Global X Autonomous & Electric Vehicles (0.8)


ROK Forecast + Options Trading Strategies   [ROK]  Rockwell Automation (0.77)


MTCH Forecast + Options Trading Strategies   [MTCH]  Match (0.77)


LEA Forecast + Options Trading Strategies   [LEA]  Lear (0.77)



Uncorrelated Stock Forecasts

Assets with little price relationship to NEOG



PATH Forecast + Options Trading Strategies   [PATH]  UiPath (-0.0)


LHX Forecast + Options Trading Strategies   [LHX]  L3Harris (-0.0)


IGV Forecast + Options Trading Strategies   [IGV]  BlackRock Institutional Trust Company N.A. - iShares Expanded Tech-Software Sector (-0.0)


MNSO Forecast + Options Trading Strategies   [MNSO]  MINISO Group Holding Ltd (-0.0)


HLX Forecast + Options Trading Strategies   [HLX]  Helix Energy (0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against NEOG



TMUS Forecast + Options Trading Strategies   [TMUS]  T-Mobile US (-0.48)


ARLP Forecast + Options Trading Strategies   [ARLP]  Alliance Resource (-0.5)


PGR Forecast + Options Trading Strategies   [PGR]  Progressive (-0.58)


GEO Forecast + Options Trading Strategies   [GEO]  Geo Group (-0.62)


UVIX Forecast + Options Trading Strategies   [UVIX]  VS Trust - 2x Long VIX Futures (-0.66)


NEOG News over Time





Click points to explore news by date. News sentiment ranges from -10 (very negative) to +10 (very positive) where 0 is neutral.

Most Recent NEOG News






Become a more profitable investor with AI optimized trading strategies






×

Chat with Helium


 Ask me any question!