Based on the provided data and technical analysis, here's the prediction for JNJ's stock price next week:
Technical Analysis
News Impact Analysis
Price Prediction Based on technical indicators and upcoming earnings:
Trading Recommendation SELL with target price of $143.50 Rationale:
The price of JNJ is predicted to go up -6.75%, based on the high correlation periods with ZYME. The similarity of these two price pattern on the periods is 92.81%.
JNJ
ZYME
The majority of J&J's near-term patent losses are for products that are hard to manufacture, which should reduce the intensity of generic competition.
Diverse healthcare segments help insulate J&J from downturns in the overall economy, offering a defensive growth opportunity with a steady and likely growing dividend.
Several of J&J's key next-generation pipeline drugs are specialty drugs that tend to carry strong pricing power as well as lower regulatory hurdles for approval.
B of A Securities
Price Target
$166 → $160
Upside
+8.82%
Citigroup
Price Target
$185 → $175
Upside
+19.34%
B of A Securities
Price Target
$166
Upside
+11.24%