Johnson & Johnson (JNJ) 12-month Price Forecast: +9.49% Increase Expected by Analyst
Investors in the pharmaceutical industry have reason to be optimistic about Johnson & Johnson (JNJ) as the stock saw significant gains this week, climbing 8.02% to $165.61 per share. This positive momentum is supported by the projections of 18 analysts, who have a median 12-month target price of $178.10 for JNJ, indicating a potential increase of 9.49% from the current price. If you're interested in stocks and want to stay ahead of the game, consider registering with us, click here.
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This positive outlook for JNJ is part of a larger trend in the pharmaceutical industry, as A.I.dvisor's analysis of 57 stocks in the Pharmaceuticals: Major Industry revealed that 88.24% of them trended up over the last week.
However, investors should keep in mind that the industry can be volatile, and trends can shift quickly. It's important to do proper research and consider both short-term and long-term investment strategies when making decisions.
JNJ is a well-established company with a history of steady growth, but it's important to consider factors such as competition, regulation, and potential risks when making investment decisions. Additionally, JNJ has faced legal challenges in the past, which could affect the stock's performance in the future.
The positive outlook for JNJ and the pharmaceutical industry as a whole is encouraging for investors, but it's important to exercise caution and consider all factors when making investment decisions. By staying informed and taking a well-rounded approach to investment strategies, investors can make informed decisions and potentially see strong returns in the pharmaceutical industry.
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JNJ in downward trend: price dove below 50-day moving average on May 17, 2023
JNJ moved below its 50-day moving average on May 17, 2023 date and that indicates a change from an upward trend to a downward trend. In of 46 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on May 04, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on JNJ as a result. In of 80 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for JNJ turned negative on April 26, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 50 similar instances when the indicator turned negative. In of the 50 cases the stock turned lower in the days that followed. This puts the odds of success at .
The 10-day moving average for JNJ crossed bearishly below the 50-day moving average on May 23, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 19 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where JNJ declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for JNJ entered a downward trend on May 22, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The RSI Indicator demonstrates that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 16 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
JNJ may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (5.659) is normal, around the industry mean (6.139). P/E Ratio (32.362) is within average values for comparable stocks, (30.248). Projected Growth (PEG Ratio) (3.654) is also within normal values, averaging (3.483). Dividend Yield (0.030) settles around the average of (0.027) among similar stocks. P/S Ratio (4.248) is also within normal values, averaging (4.024).
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 60, placing this stock better than average.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating slightly weaker than average sales and a marginally profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. JNJ’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
an investment holding company with interests in health care products
Industry PharmaceuticalsMajor
JNJ and
Correlation & Price change
A.I.dvisor indicates that over the last year, JNJ has been loosely correlated with MRK. These tickers have moved in lockstep 62% of the time. This A.I.-generated data suggests there is some statistical probability that if JNJ jumps, then MRK could also see price increases.
