Should You Buy New Jersey Resources Corp (NJR) Today? Analysis, Price Targets, and 2026 Outlook.
Analysis Updated At
2026/01/30
Not a good buy right now for an impatient buyer. NJR is in a short-term extended/overbought zone near resistance (pre-market $49.26 vs R2 ~$49.61) while insider selling is elevated and options flow is mixed-to-defensive ahead of earnings (Feb 2). I’d hold off on adding here; it’s more attractive on a dip closer to ~$48.30 (pivot) or below.
Technical Analysis
Trend is bullish but stretched. Moving averages are strongly bullish (SMA_5 > SMA_20 > SMA_200) and MACD histogram is positive and expanding (0.186), confirming upside momentum. However RSI(6) at ~77.6 signals an overbought/extended short-term condition. Price is already above R1 (~49.12) and approaching R2 (~49.61), implying limited immediate upside before resistance. Key levels: support/pivot ~48.31 (first support ~47.50), resistance ~49.61. Pattern-based forecast suggests modest drift: ~-0.21% next day, +1.03% next week, +4.74% next month—positive medium-term, but not compelling for chasing at resistance.
Intellectia Proprietary Trading Signals
- [AI Stock Picker](module://ai_stock_pick): No signal on given stock today.
- [SwingMax](module://swingmax): No signal on given stock today.
Analyst Ratings and Price Target Trends
Recent trend is positive: two notable bullish updates. (1) Mizuho upgraded to Outperform (from Neutral) and raised PT to $54 (from $51), citing attractive valuation vs peers, strong balance sheet, minimal equity needs, and potential earnings upside from gas volatility. (2) Raymond James reiterated Outperform and raised PT to $53 (from $50), highlighting differentiated business mix and peer-leading FFO-to-debt (18%–20%) with capex funding without material dilution.
Wall Street pros: improving rating momentum, balance sheet/financing strengths, valuation appeal vs peers.
Cons: business mix has skeptics; recent quarter’s sharp YoY profit/margin drop raises execution/earnings quality questions.
Wall Street analysts forecast NJR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NJR is 53.5 USD with a low forecast of 53 USD and a high forecast of 54 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
Wall Street analysts forecast NJR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NJR is 53.5 USD with a low forecast of 53 USD and a high forecast of 54 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
Current: 49.260
Current: 49.260
