Kenvue Inc. stock faces short-term decline but long-term growth potential.
Stock AI’s forecasts:
🔴 -3.3% short-term ⬇️
🟢 +2.1% long-term ⬆️
Stock AI’s (KVUE) Forecast get (+12.9% Profit)
StockAI’s analysis delivers real-world results. On 12 January 2024, $KVUE ($21.64), StockAI predicted a long-term 🔴 sell signal. It was accurate: 1 month later price dropped to $18.84 (🔴-12.9%). Selling KVUE on this signal yielded a +12.9% profit 💰💰.
KVUE-Kenvue Inc. News
🟢 Kenvue declared a quarterly dividend of $0.20 per share, boosting investor confidence.
🔴 Analysts expect Kenvue to post earnings of $0.26 per share, potentially impacting stock price.
🟢 Sumitomo Mitsui Trust Holdings Inc. raised its stake in Kenvue by 16.8%, indicating positive sentiment.
🔴 Desjardins Global Asset Management Inc. purchased a new position in Kenvue, which may lead to volatility.
🟢 Benjamin F. Edwards & Company Inc. increased its stake in Kenvue by 145.3%, showing strong support.
🔴 TRUE Private Wealth Advisors trimmed its stake in Kenvue by 7.4%, potentially affecting stock price.
The recent news surrounding Kenvue Inc. stock has been a mix of positive and negative developments. The declaration of a quarterly dividend and the increase in stake by Sumitomo Mitsui Trust Holdings Inc. and Benjamin F. Edwards & Company Inc. indicate confidence in the company’s performance. However, the earnings expectations and the trimming of stakes by TRUE Private Wealth Advisors may lead to some volatility in the stock price.
Investors should closely monitor these developments and consider the overall impact on Kenvue’s financial health and growth prospects. While positive news can drive the stock price higher, negative news could result in a temporary dip. It is important for investors to conduct thorough research and analysis before making any investment decisions in Kenvue Inc. stock.
KVUE-Kenvue Inc. Analyst Ratings
In recent analyst ratings for Kenvue Inc. stock, we have seen a mix of upgrades and downgrades. Here is a brief list of analyst ratings:
📈 William Blair lifted their Q2 2024 EPS estimates for Kenvue.
📉 Sanford C. Bernstein assumed coverage on Kenvue with an underperform rating.
📉 Marketbeat reports that one analyst has rated Kenvue stock with a sell recommendation.
Sources:
1. ETF Daily News
2. ETF Daily News
3. ETF Daily News
4. ETF Daily News
5. ETF Daily News
Disclaimer
Investors may consider the AI predictions and news summaries as one factor in their investment decisions alongside their own research and risk tolerance.
Ready to analyze your own portfolio?
Get the same AI-powered insights for any stock you choose. It's easy!
