How Investors are Reacting to JNJ' s New Price Target
Jul 13, 2022 - Jack Dalton
11:14 AM
Newsletter
Image credit: Eduardo Soares
JNJ Analyst Upgrade
A Walls Fargo analyst just upgraded Johnson & Johnson (JNJ) stock. The analyst envisions a potential 11.31% upside for JNJ shares. JNJ stock has dropped nearly -0.63% (due to an overall market decline), just based on this upgrade news.
Johnson & Johnson (NYSE: JNJ) has faced a challenging market environment in 2022 so far. However, a fresh upgrade from one Wells Fargo analyst is spurring traders to send JNJ stock higher today.
Could analysts envision an 11.31% upside for the stock? Well, Wells Fargo analysts did just upgrade Johnson & Johnson from “market perform” to “overweight.” In the world of finance, being “overweight” is great for one's financial health.
What does this Upgrade mean for JNJ Stock?
This upgrade couldn't have come at a better time for Johnson & Johnson as their investors have endured recent hardships. JNJ stock has been heading toward a crash landing over the past year and has fallen from a 52-week high of $186.69 to $174.75.
However, there is some good that has come from JNJ's poor recent performance. JNJ's recent adversity has resulted in a great opportunity for investors, as their financial ratios are more attractive now than they have previously been. These attractive ratios could have been an influencing factor in Wells Fargo's decision to upgrade its outlook on the JNJ stock.
Wells Fargo is foreseeing a “better risk/reward ratio” for the JNJ stock now than they have previously. With that being said, Wells Fargo raised its price target to $195, as they expect Johnson & Johnson's market share to continue increasing.
If Wells Fargo's predictions pan out it could mean more than just an 11.31% upside, as it could encourage further growth in JNJ stock.
Effects of the Upgrade on JNJ's Social Sentiment
Here are the latest analytics from the JNJ Stocktwits and JNJ Twitter communities (over the last 24hrs):
- 33 Posts (up 83.33%)
- 30 Likes (up 7.14%)
- 235.37k Impressions (up 232.48%)
- 213 Tweets (up 17.68%)
- 3,559 Likes (up 8.97%)
- 1.66M Impressions (up 101.31%)
As we can see, the recent Wells Fargo analyst upgrade had a different effect on the social sentiment within both the JNJ Stocktwits and JNJ Twitter communities.
Stay Ahead of The Market Market By Tracking Real-Time JNJ Stock Trends
Firstly, JNJ has experienced a surge in both its posting volumes and impressions within the JNJ Stocktwits community. Other than the fact that JNJ has received a higher price target from a Wells Fargo analyst, there dies not seem to be too much else in the way of new/events that would have affected JNJ's sentiment on Stocktwits. One smaller event that has been mentioned however is the fact that JNJ is reporting their earnings next week (July 19).
Secondly, the JNJ Twitter Sentiment is also up in a similar manner to the JNJ Stocktwits sentiment (but to a lesser degree). It appears as though many of the recent tweets about JNJ on Twitter are referring to their recent Wells Fargo analyst upgrade as we previously mentioned.
Lastly, you may have noticed that the JNJ Twitter community is able to garner way more impressions than the JNJ Stocktwits community. This is due to the fact that there are more large Twitter accounts posting about the JNJ stock on Twitter than there are in the JNJ Stocktwits forum. We will explore this topic further in the next section.
JNJ Twitter Accounts that Influence Social Sentiment
Here is a count of “whale” accounts that are active on JNJ Twitter (over the past 72 hrs):
- 20 somewhat large Twitter accounts 10,000+ followers,
- 5 large Twitter accounts with 100k+ followers
These large accounts can help maintain investor interest in the JNJ stock, so long as these accounts continue to post about the JNJ Stock on Twitter.
Whether you are trying to stay up-to-date on posting volumes, likes, and/or impressions within a stock's Stocktwits and/or Twitter communities; diving deeper into the “whale” accounts that are driving sentiment in the JNJ Stocktwits and/or Twitter communities, or just keeping up with how different stocks are ranking in terms of their social sentiment; there is no better time to get familiar with social sentiment data.