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:
- 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 $155.001. This represents an increase of 12.56% to 39.36% from the last closing price of $154.281.
- 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 20302. These long-term predictions are based on the average yearly growth of the stock in the last 10 years.
- Current Sentiment: The current sentiment for Johnson & Johnson is neutral, with a Fear & Greed Index indicating fear2. This suggests that the stock may be undervalued or that investors are cautious about future performance.
- Historical Performance: Over the past year, Johnson & Johnson's stock has experienced a decrease of 10.31%3. 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.