Unauthorized penetration leads to BASF success
BASF Stock Forecast: Moderate Growth Ahead Amid Economic Uncertainties
The chemical industry, including the world's largest producer BASF, has faced challenging years, but there's a glimmer of hope on the horizon. According to recent analysis, the BASF stock price is generally expected to experience moderate growth over the coming weeks and months.
In the short term, a predicted trading range of approximately €45 to €46.4 is expected for the next few weeks. Short-term technical analysis favors buying opportunities on daily and weekly timeframes. However, the recommended trading action near current prices (~€45.7) is a hold or accumulate rather than an aggressive buy due to proximity to resistance levels and modest expected intra-day price swings of about ±2.5%.
Looking further ahead, forecasts suggest BASF’s stock price may rise to around €47.33 by the end of 2025 and potentially up to €62–€69 by 2029, reflecting expected growth in company value but in an uncertain macroeconomic environment. Analyst price targets for BASF on the US OTC market (BASFY ticker) indicate an expected price increase of roughly 3.5% (~$12.80 vs. current ~$12.37), with a moderate brokerage rating.
However, it's important to note that BASF's 2025 outlook includes tempered expectations due to macroeconomic and geopolitical uncertainties slowing global industrial production and chemical product demand growth, likely putting pressure on margins in the near term.
The chart outlook for BASF (WKN: BASF11) has significantly improved with today's breakout, suggesting a potential run-up towards the year's highs at 55.06 euros could occur in the coming weeks and months. However, the potential rise is currently purely speculative, and strong nerves and patience are still required in the short term for BASF shares.
If signs emerge that the chemical industry will experience a sustainable turnaround after several difficult years by 2026, the BASF stock could continue to rise. This could potentially see the stock reach its yearly highs and beyond.
It's worth noting that the long-term outlook for the DAX stock remains optimistic, as it is currently attractively valued compared to its historical average. However, the path for BASF's stock appears clear, as it is entering a region with little resistance due to the DAX stock's plummet in early April.
The stop-loss for BASF shares can remain at 31.00 euros for now. Investors should keep a close eye on the stock's performance and be prepared to adjust their strategies based on market conditions and news flow.
It's also worth mentioning that the CEO and majority shareholder of the publisher Boersenmedien AG, Mr. Bernd Foertsch, has direct or indirect positions in BASF. This could potentially benefit from the potential price development of BASF.
In summary, BASF stock is forecasted to show modest appreciation within the next few weeks and months under current conditions but carries caution due to economic uncertainties. Short-term technical signals lean toward buying, but moderate analyst views and proximity to price resistance suggest a hold stance for near-term investors.
In the given text, the short-term price growth of BASF stock is expected to be around 3.5% within the US OTC market, reaching approximately $12.80 by the end of the forecast period, as suggested by analyst price targets. Additionally, forecasts indicate a potential long-term increase in BASF's stock price, with prices potentially reaching €62–€69 by 2029, although macroeconomic uncertainties may influence this growth. (finance, growth)
