why Juniper Networks Inc [JNPR] is a Good Choice for Investors After New Price Target of $40.06

Juniper Networks Inc [NYSE: JNPR] slipped around -0.41 points on Wednesday, while shares priced at $36.77 at the close of the session, down -1.10%.

Compared to the average trading volume of 2.27M shares, JNPR reached a trading volume of 2863797 in the most recent trading day, which is why market watchdogs consider the stock to be active.

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What do top market gurus say about Juniper Networks Inc [JNPR]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for JNPR shares is $40.06 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on JNPR stock is a recommendation set at 2.87. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Argus have made an estimate for Juniper Networks Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 18, 2024. While these analysts kept the previous recommendation, JP Morgan dropped their target price from $32 to $29. The new note on the price target was released on October 10, 2023, representing the official price target for Juniper Networks Inc stock. Previously, the target price had yet another drop from $38 to $37, while Raymond James kept a Outperform rating on JNPR stock.

The Average True Range (ATR) for Juniper Networks Inc is set at 0.33, with the Price to Sales ratio for JNPR stock in the period of the last 12 months amounting to 2.24. The Price to Book ratio for the last quarter was 2.67, with the Price to Cash per share for the same quarter was set at 3.91. Price to Free Cash Flow for JNPR in the course of the last twelve months was 13.99 with Quick ratio for the last quarter at 1.27.

How has JNPR stock performed recently?

Juniper Networks Inc [JNPR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.16. With this latest performance, JNPR shares gained by 3.46% in over the last four-week period, additionally sinking by -1.39% over the last 6 months – not to mention a rise of 25.20% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for JNPR stock in for the last two-week period is set at 54.14, with the RSI for the last a single of trading hit 45.24, and the three-weeks RSI is set at 56.75 for Juniper Networks Inc [JNPR]. The present Moving Average for the last 50 days of trading for this stock 35.81, while it was recorded at 37.16 for the last single week of trading, and 33.57 for the last 200 days.

Juniper Networks Inc [JNPR]: Deeper insight into the fundamentals

Juniper Networks Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.27 and a Current Ratio set at 1.74.

Earnings analysis for Juniper Networks Inc [JNPR]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for JNPR. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Juniper Networks Inc go to 11.00%.

Insider trade positions for Juniper Networks Inc [JNPR]

The top three institutional holders of JNPR stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in JNPR stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in JNPR stock with ownership which is approximately 5.1238%.

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