Recently, Kenvue Inc (Symbol: KVUE) has seen its stock price cross the average analyst target of $23.92, now trading at $24.09 per share. When a stock meets an analyst’s target, the analyst typically has two choices: either revise the rating downwards due to valuation concerns or increase the target if the company’s outlook appears promising. The decision often hinges on the company’s fundamentals that influenced the price surge.
Within the Zacks coverage universe, 13 analysts contribute to the average target for Kenvue Inc. However, this average reflects a range of opinions. Some analysts have lower price targets—one reports a value of $18.00—while on the higher end, one analyst aims for $28.00. The standard deviation among these targets is $2.782.
The rationale behind considering the average target price is to leverage a collective perspective, combining various expert insights rather than focusing on a single opinion. As KVUE has surpassed that average target price, investors are prompted to evaluate the company’s prospects: will the target escalate further, or has the valuation reached a point where it might be wise to take some gains off the table? Below is a summary of the current analyst ratings for Kenvue Inc:
| Recent KVUE Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 6 | 6 | 5 | 5 |
| Buy ratings: | 0 | 0 | 1 | 1 |
| Hold ratings: | 8 | 8 | 7 | 7 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 1 | 1 | 1 | 1 |
| Average rating: | 2.33 | 2.33 | 2.36 | 2.36 |
The average rating in the table above ranges from 1 to 5, where 1 indicates a Strong Buy and 5 indicates a Strong Sell. This article utilized data from Zacks Investment Research via Quandl.com. For more insights, access the latest Zacks research report on KVUE—FREE.
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The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
