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Johnson & Johnson upgraded to Buy on steady growth and strong MedTech exposure

Analyst Insights
24 Jun 2026
Seeking Alpha
View Source
Bullish
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Johnson & Johnson (JNJ) has been upgraded from Hold to Buy due to its consistent performance, stable revenue growth, and defensive qualities. The stock trades at a 20x forward P/E, reflecting a justified premium over peers supported by above-industry margins and accelerating revenue growth. The company benefits from its presence in the growing MedTech market, which could drive further valuation gains if earnings growth accelerates. Additionally, JNJ offers a 2.35% dividend yield, a strong capital structure, and serves as a diversification hedge against AI-related risks, making it attractive for long-term investors.

More News (JNJ)

Johnson & Johnson raises dividend for 64th year amid strong cash flow and revenue growth.

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