Core Viewpoint - The article discusses the reliability of brokerage recommendations, particularly focusing on Johnson & Johnson (JNJ), and emphasizes the importance of using these recommendations in conjunction with other analytical tools like the Zacks Rank for making informed investment decisions [1][5]. Brokerage Recommendations for Johnson & Johnson - Johnson & Johnson has an average brokerage recommendation (ABR) of 1.85, indicating a consensus between Strong Buy and Buy, based on 26 brokerage firms [2]. - Out of the 26 recommendations, 14 are classified as Strong Buy and 2 as Buy, representing 53.9% and 7.7% of total recommendations respectively [2]. Limitations of Brokerage Recommendations - Solely relying on brokerage recommendations may not be advisable, as studies indicate they often fail to guide investors effectively towards stocks with high potential for price appreciation [5]. - Analysts from brokerage firms tend to exhibit a positive bias in their ratings due to vested interests, issuing five "Strong Buy" recommendations for every "Strong Sell" [6][11]. Zacks Rank as an Alternative Indicator - The Zacks Rank, which categorizes stocks from 1 (Strong Buy) to 5 (Strong Sell), is presented as a more reliable indicator of near-term price performance, driven by earnings estimate revisions [8][12]. - Unlike the ABR, the Zacks Rank is timely and reflects the latest earnings estimates, making it a more effective tool for predicting stock price movements [13]. Current Earnings Estimates for Johnson & Johnson - The Zacks Consensus Estimate for Johnson & Johnson's current year earnings has remained stable at $10.87 over the past month, indicating analysts' optimism regarding the company's earnings prospects [14]. - The Zacks Rank for Johnson & Johnson is currently 2 (Buy), influenced by the recent changes in consensus estimates and other related factors [15].

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Cipher Mining Inc. (CIFR) .Cipher Mining currently has an average brokerage recommendation (ABR ...

Rocket Lab Corporation (NASDAQ:RKLB – Get Free Report) shares were down 8.5% during mid-day trading on Friday . The stock traded as low as $70.39 and last traded at $70.65. Approximately 22,790,716 shares traded hands during trading, an increase of 8% from the average daily volume of 21,109,352 shares. The stock had previously closed at $77.18. Get Rocket Lab alerts: Rocket Lab News SummaryHere are the key news stories impacting Rocket Lab this week: Analyst Ratings ChangesA number of research analysts have ...

Mitie Group PLC. (OTCMKTS:MITFY – Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $9.5732, but opened at $9.02. Mitie Group shares last traded at $9.02, with a volume of 318 shares traded. Get Mitie Group alerts: Wall Street Analysts Forecast GrowthSeparately, The Goldman Sachs Group raised Mitie Group to a “strong-buy” rating in a research note on Tuesday, November 11th. Two investment analysts have rated the stock with a Strong Buy rating, Based on data from M ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about NXP Semiconductors (NXPI) .NXP currently has an average brokerage ...

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.Zacks Premium also includes the Zacks Style Scores. ...

Darden Restaurants, Inc. (NYSE:DRI) will release earnings results for its second quarter before the opening bell on Thursday, Dec. 18.Analysts expect the Orlando, Florida-based company to report quarterly earnings at $2.1 per share, up from $2.03 per share in the year-ago period. The consensus estimate for Darden's quarterly revenue is $3.07 billion, compared to $2.89 billion a year earlier, according to data from Benzinga Pro.On Sept. 18, Darden Restaurants reported worse-than-expected first-quarter financ ...

Core Insights - Berkeley Group Holdings PLC is a significant player in the UK real estate sector, focusing on residential and mixed-use developments [1] - Citigroup has adjusted its rating for BKGFY to Neutral while raising the price target to 3,754 GBp from 3,710 GBp, indicating a cautious outlook [2] - Zacks has upgraded BKGFY to a Rank 2 (Buy) due to an upward trend in earnings estimates, suggesting potential for stock price increase [3] Stock Performance - The current stock price of BKGFY is $10.24, reflecting a 1.61% increase or $0.16, with fluctuations between $10.17 and $10.28 during the trading day [4] - Over the past year, BKGFY has reached a high of $12.35 and a low of $8.48, with a market capitalization of approximately $5.07 billion [4][5] - The trading volume for BKGFY is reported at 1,178 shares [4]

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Let's take a look at what these Wall Street heavyweights have to say about Broadcom Inc. (AVGO) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Broadcom Inc. currently has an average brokerage recommend ...

Veru Inc. (NASDAQ:VERU) will release earnings results for its fourth quarter before the opening bell on Wednesday, Dec. 17.Analysts expect the Miami, Florida-based company to report quarterly loss at 39 cents per share, versus a year-ago loss of 52 cents per share, according to Benzinga Pro.On Oct. 30, Veru announced pricing of $25 million public offering of 1.4 million shares of common stock at a price of $3.00 per unit.Shares of Veru fell 1.2% to close at $2.39 on Monday.Benzinga readers can access the la ...