Fintel reports that on January 6, 2025, Piper Sandler upgraded their outlook for Kenvue (NYSE:KVUE) from Neutral to Overweight.
Analyst Price Forecast Suggests 18.57% Upside
As of December 23, 2024, the average one-year price target for Kenvue is $25.03/share. The forecasts range from a low of $21.21 to a high of $28.35. The average price target represents an increase of 18.57% from its latest reported closing price of $21.11 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Kenvue is 17,323MM, an increase of 12.06%. The projected annual non-GAAP EPS is 1.42.
What is the Fund Sentiment?
There are 1,920 funds or institutions reporting positions in Kenvue. This is an increase of 20 owner(s) or 1.05% in the last quarter. Average portfolio weight of all funds dedicated to KVUE is 0.37%, an increase of 10.56%. Total shares owned by institutions increased in the last three months by 2.80% to 2,275,440K shares. 
The put/call ratio of KVUE is 0.96, indicating a bullish outlook.
What are Other Shareholders Doing?
Price T Rowe Associates holds 237,674K shares representing 12.40% ownership of the company. In its prior filing, the firm reported owning 177,120K shares , representing an increase of 25.48%. The firm increased its portfolio allocation in KVUE by 64.26% over the last quarter.
Massachusetts Financial Services holds 86,979K shares representing 4.54% ownership of the company. In its prior filing, the firm reported owning 79,864K shares , representing an increase of 8.18%. The firm increased its portfolio allocation in KVUE by 34.63% over the last quarter.
Wellington Management Group Llp holds 79,087K shares representing 4.13% ownership of the company. In its prior filing, the firm reported owning 82,602K shares , representing a decrease of 4.44%. The firm decreased its portfolio allocation in KVUE by 83.24% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 60,723K shares representing 3.17% ownership of the company. In its prior filing, the firm reported owning 60,522K shares , representing an increase of 0.33%. The firm increased its portfolio allocation in KVUE by 19.89% over the last quarter.
Bank Of America holds 51,994K shares representing 2.71% ownership of the company. In its prior filing, the firm reported owning 53,550K shares , representing a decrease of 2.99%. The firm decreased its portfolio allocation in KVUE by 70.85% over the last quarter.
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