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Johnson & Johnson's stock target raised on strong oncology growth and new surgical tech launch.

Analyst Insights
03 Aug 2026
Danny Green
View Source
Bullish
Johnson & Johnson's stock target raised on strong oncology growth and new surgical tech launch.

Raymond James raised Johnson & Johnson's price target to $280, signaling a 10% upside from current levels. The boost follows strong Q2 revenue growth in its oncology division, which now accounts for nearly 29% of total revenues, driven by key cancer therapies. Positive analyst sentiment and the upcoming launch of the OTTAVA robotic surgical system highlight the company's growth potential and innovation in healthcare technology.

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