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Johnson & Johnson shares seen rising 11% with strong oncology growth and raised 2026 guidance.

Analyst Insights
21 Jun 2026
24/7 Wall Street
View Source
Bullish
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Johnson & Johnson's stock is projected to rise 11.28% to $261.72, supported by strong oncology and cardiovascular growth and a raised 2026 sales and earnings forecast. The company reported a 9.9% revenue increase to $24.06 billion and beat earnings estimates for the fourth straight quarter. Key growth drivers include oncology drugs like DARZALEX and TREMFYA, and a $1 billion manufacturing expansion. Risks include declining STELARA sales due to biosimilars and ongoing talc litigation, but overall the stock is seen as a low-volatility blue chip with a 64-year dividend growth streak and a balanced growth outlook.

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