Johnson Controls International (JCI) is well-positioned for growth, leveraging AI in data centers and healthcare solutions, which are high-demand areas. The company anticipates significant revenue growth from data centers, with a projected 10% increase, contributing 19% of total revenue by 2025. This growth is supported by JCI's strong position in HVAC systems for data centers and its commitment to retrofitting commercial buildings for efficiency and sustainability.
The stock has shown resilience in the housing market, performing well with a 3.3% increase year-to-date. While the broader housing market is mixed, JCI's focus on data centers and AI integration provides a positive outlook.
Based on the positive news and bullish technical indicators, JCI is expected to rise to $84.32 in the next trading week. The buy recommendation is supported by growth prospects and favorable technical signals.
Prediction: Buy JCI with a target price of $84.32.
Johnson Controls should benefit from secular trends in global urbanization and increased demand for energy-efficient and smart building solutions.
The COVID-19 pandemic has increased the market opportunity for air filtration and touchless access control solutions.
Johnson Controls' growing catalog of digital solutions and efforts to increase service attachment rates should bolster top-line growth and expand operating margin.
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