Johnson & Johnson Stock Forecast

Stock Price Forecast

The 13 analysts with 12-month price forecasts for Johnson & Johnson stock have an average target of 172.23, with a low estimate of 150 and a high estimate of 215. The average target predicts an increase of 7.21% from the current stock price of 160.64.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$150	$172.23	$170	$215
Change	-6.62%	+7.21%	+5.83%	+33.84%

Analyst Ratings

The average analyst rating for JNJ stock from 13 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Feb '24	Mar '24	Apr '24	May '24	Jun '24	Jul '24
Strong Buy	3	3	4	4	2	3
Buy	3	3	3	3	3	3
Hold	8	7	7	7	7	7
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	14	13	14	14	12	13

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Narumi Nakagiri Daiwa Capital	Daiwa Capital	Buy → Hold Downgrades $160 → $150	Buy → Hold	Downgrades	$160 → $150	-6.62%	Jul 23, 2024
Chris Shibutani Goldman Sachs	Goldman Sachs	Hold Maintains $160 → $155	Hold	Maintains	$160 → $155	-3.51%	Jul 19, 2024
Joshua Jennings TD Cowen	TD Cowen	Strong Buy Maintains $195 → $185	Strong Buy	Maintains	$195 → $185	+15.16%	Jul 18, 2024
Shagun Singh RBC Capital	RBC Capital	Buy Reiterates $175	Buy	Reiterates	$175	+8.94%	Jul 18, 2024
Terence Flynn Morgan Stanley	Morgan Stanley	Hold Maintains $167 → $169	Hold	Maintains	$167 → $169	+5.20%	Jul 18, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

89.32B

from 85.16B

4.88%

from 85.16B

Revenue Next Year

91.88B

from 89.32B

2.86%

from 89.32B

EPS This Year

10.73

from 13.72

-21.77%

from 13.72

EPS Next Year

11.03

from 10.73

2.72%

from 10.73

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	82.06B	82.58B	78.74B	79.99B	85.16B	89.32B	91.88B	95.15B	101.50B	107.43B
Revenue Growth	0.59%	0.64%	-4.65%	1.59%	6.46%	4.88%	2.86%	3.56%	6.68%	5.85%
EPS	5.63	5.51	7.81	6.73	13.72	10.73	11.03	11.57	12.32	13.28
EPS Growth	0.36%	-2.13%	41.74%	-13.83%	103.86%	-21.77%	2.72%	4.99%	6.41%	7.79%
Forward PE	-	-	-	-	-	14.97	14.57	13.88	13.04	12.10
No. Analysts	-	-	-	-	-	25	25	20	5	5

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	93.8B	96.9B	101.8B	107.0B	113.7B
Avg	89.3B	91.9B	95.1B	101.5B	107.4B
Low	86.2B	86.8B	88.0B	97.0B	101.8B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	10.1%	8.5%	10.8%	12.5%	12.0%
Avg	4.9%	2.9%	3.6%	6.7%	5.8%
Low	1.3%	-2.8%	-4.2%	2.0%	0.3%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	11.40	12.10	12.95	13.04	14.20
Avg	10.73	11.03	11.57	12.32	13.28
Low	10.30	10.02	9.75	11.63	12.51

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	-16.9%	12.8%	17.4%	12.7%	15.3%
Avg	-21.8%	2.7%	5.0%	6.4%	7.8%
Low	-24.9%	-6.7%	-11.6%	0.5%	1.6%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.