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JNJ
Benzinga
39 days

Johnson & Johnson Gears Up For Q2 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

1. JNJ's Q2 earnings expected at $2.68, down from $2.82 last year. 2. Projected revenue for JNJ is $22.86 billion, slightly up from $22.45 billion. 3. FDA application submitted for CAPLYTA to prevent schizophrenia relapse. 4. Morgan Stanley raised JNJ's price target to $171 while others remain cautious. 5. Recent stock performance shows a slight gain of 0.9% to $157.69.

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FAQ

Why Neutral?

The mixed analyst ratings and lower earnings projections suggest stability but limited upside. A historic precedent is seen in periods with similar earnings projections reflecting cautious investor sentiment.

How important is it?

Key earnings forecasts directly affect stock valuation; however, mixed analyst ratings limit overall positive implications.

Why Short Term?

Earnings release anticipated influence on performance in the near term. Analyst ratings and revenue predictions can shift investor perception quickly.

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