Johnson Controls Q4: Strong Order Growth Led By Data Center
Portfolio Pulse from
Johnson Controls International plc (JCI) is experiencing strong growth, particularly in its data center business, which has doubled its revenue and is expected to continue growing at a double-digit pace. The company achieved 10% organic revenue growth and 8% order growth, leading to a reiterated 'Buy' rating with a target price of $98 per share.
November 12, 2024 | 12:00 am
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Johnson Controls International plc is experiencing significant growth in its data center business, which has doubled its revenue. The company achieved 10% organic revenue growth and 8% order growth, leading to a reiterated 'Buy' rating with a target price of $98 per share.
The strong performance in the data center segment, which has doubled its revenue, is a key driver for Johnson Controls' overall growth. The company's 10% organic revenue growth and 8% order growth support a positive outlook, leading to a reiterated 'Buy' rating and a target price of $98. This indicates a likely positive impact on the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100