On April 17, analysts at major Wall Street analysts update their rating for$Johnson & Johnson (JNJ.US)$, with the target price ranging from $161 to $182.
BofA Securities analyst Geoff Meacham maintained with holding rating, and reiterated the target price of $170;
Leerink Partners analyst David Risinger maintained with buying rating, and reiterated the target price of $182.
Furthermore, according to the comprehensive report, the opinions of Johnson & Johnson's main analysts recently are as follows:
While the company's underlying utilization trends appeared positive, it delivered in-line sales and EPS beat for Q1. The company's stable to improving stacked 2-year growth also implies that its fundamentals are strong.
Although the company shows a 'solid' Q1 and unchanged reported guidance midpoint, its shares traded down due to disappointing Carvykti sales and the Vision business. The institution suggests that commercial execution from key growth franchises should remain the focus for the company and investor sentiment can improve on better-than-expected quarterly performance and pipeline readouts.
Here are the latest investment ratings and price targets for $Johnson & Johnson (JNJ.US)$ from 3 analysts:
Tips:
TipRanks is an independent third party that provides analytical data from financial analysts and calculates average returns and win rates recommended by analysts. The information provided is not investment advice and is for informational purposes only. This article does not endorse, represent, or guarantee the completeness and accuracy of the rating data and reports.
TipRanks provides each analyst's star rating. The analyst star rating represents all the analysts' recommended past performance. It is calculated through a comprehensive calculation of the analyst's total win rate and average return rate. The more stars, the better the analyst's past performance, with a maximum of 5 stars.
The overall analyst win rate is the ratio of the number of successful ratings by analysts in the past year to the total number of ratings. The success of the rating depends on whether TipRanks' virtual portfolio generates positive returns from this stock.
The total average return is the return that the portfolio has received over the past year by creating a virtual portfolio based on the analyst's initial rating and adjusting the portfolio according to rating changes.