How much do you predict Jnj stock will increase in next year
6/29/2024 05:12am
**Johnson & Johnson's stock is projected to increase in the next year**, based on the average price target and long-term stock price predictions. Here's a detailed analysis:
1. **Analyst Price Targets**: The average price target for Johnson & Johnson over the next 12 months is $172.22, with a high estimate of $215.00 and a low estimate of $155.00. This represents an increase of 12.56% to 39.36% from the last closing price of $154.28.
2. **Long-Term Predictions**: The stock forecast for Johnson & Johnson for the beginning of next year is $163.11, with projected yearly increases of 5.70% to 39.44% up until 2030. These long-term predictions are based on the average yearly growth of the stock in the last 10 years.
3. **Current Sentiment**: The current sentiment for Johnson & Johnson is neutral, with a Fear & Greed Index indicating fear. This suggests that the stock may be undervalued or that investors are cautious about future performance.
4. **Historical Performance**: Over the past year, Johnson & Johnson's stock has experienced a decrease of 10.31%. However, the long-term predictions are based on the average yearly growth over the last 10 years, which is a more stable indicator and suggests a potential recovery in the coming year.
In conclusion, while there is some uncertainty in the short term, the average price targets and long-term predictions indicate a positive outlook for Johnson & Johnson's stock performance in the next year.