A high-quality healthcare franchise with strong margins, a wide economic moat, and strong price momentum has already surpassed its near-term resistance target, leaving the risk/reward unfavorable for new exposure; the setup favors holding an existing position while monitoring the dividend sustainability concern and the most recent earnings miss.
Thesis pillars
- Quality Margins Moat→Stable
- Strong Technical Breakout Setup→Stable
- Dividend Yield Safety Concern↓Deteriorating
- +1 more pillar — see the Why tab for full reasoning
Pillars as of Jul 3, 2026, based on the 10-K filed Feb 11, 2026· older than 90 days
Johnson & Johnson (JNJ) Stock Analysis
Healthcare · Drug Manufacturers - General
Hold if already holding. Not a fresh buy at $276.32, but acceptable to hold if already in. Reasons: Analyst target reached - limited upside remaining; Near 52-week high (2.0% away).
Johnson & Johnson develops and markets pharmaceutical and medical technology products globally across Innovative Medicine and MedTech segments, employing approximately 138,200 full-time equivalents. Revenue comes from prescription medicines, devices, and contact lenses sold... Read more
Hold if already holding. Not a fresh buy at $276.32, but acceptable to hold if already in. Reasons: Analyst target reached - limited upside remaining; Near 52-week high (2.0% away). Chart setup: No clear chart pattern; technical signals are mixed. Maintain position. Not compelling to add more. Score 4.9/10, moderate confidence.
Passes 7/8 gates (positive momentum, clean insider activity, no SEC red flags, news events none recent, earnings proximity 82d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: moderate.
About Johnson & Johnson
About Johnson & Johnson
Johnson & Johnson generated fiscal 2025 revenue across two segments: Innovative Medicine, covering oncology, immunology, neuroscience, pulmonary hypertension, infectious diseases, and cardiovascular therapies, and MedTech, covering cardiovascular devices, orthopaedics, surgery, and vision care. DARZALEX accounted for approximately 15.0% of fiscal 2025 revenues, STELARA for about 6.5%, and TREMFYA for 5.5%. About 43% of fiscal 2025 sales occurred outside the U.S., with roughly 23% in Europe and 15% in Asia-Pacific and Africa, across operations employing 138,200 full-time equivalents worldwide.
The Innovative Medicine segment sells prescription medicines — including CAR-T therapies, bispecific antibodies, and anticoagulants — through wholesalers, distributors, hospitals, and direct to healthcare professionals. The MedTech segment distributes cardiovascular devices, orthopaedic implants, surgical instruments, and ACUVUE contact lenses to hospitals and eye care professionals worldwide. Revenue is affected by government and private payer reimbursement decisions; the Inflation Reduction Act of 2022 subjected XARELTO, STELARA, and IMBRUVICA to government-established Medicare pricing beginning in 2026. ERLEADA was added to the 2028 Selected Drug list in January 2026. Janssen Pharmaceuticals challenged the IRA's constitutionality; in December 2025, it sought Supreme Court review of the Third Circuit's ruling. In October 2025, the company announced plans to separate its Orthopaedics business within 18 to 24 months.
Show full overview
DARZALEX faces a patent expiration in the United States in 2029; Janssen Biotech licenses the compound patents from Genmab A/S at royalty rates ranging from 12% to 20% of total DARZALEX net sales, with royalties of about $2.4 billion paid in fiscal 2025 alone. STELARA, contributing 6.5% of total revenues, faces active biosimilar competition globally as multiple biologics license applications have been filed with the U.S. FDA and the European Medicines Agency. Combined, these two products represent roughly 21.5% of fiscal 2025 revenues and both are subject to near-term exclusivity pressure.
See also: Healthcare · Drug Manufacturers - General
From Johnson & Johnson's most recent 10-K filing, extracted June 10, 2026.
Recent developments
updated Nov 5, 2026Recent Developments — Johnson & Johnson
Latest news
- NEWS Oxford BioDynamics Announces Commercial Agreement with Johnson & Johnson — fiscal.ai Nov 5, 2026 positive
- NEWS Reported Earlier: 'J&J's trispecific, Tibsovo's AML Win And Calquence's CLL Letdown As First ASH Abstracts Land' - Endpo — benzinga Nov 4, 2026 neutral
- NEWS Johnson &Johnson Stock Earnings: Can a Spinoff Fix Its Medtech Problem - Barron's — Barron's Oct 13, 2026 neutral
- NEWS Why Johnson & Johnson Stock Dropped Today - The Motley Fool — The Motley Fool Oct 13, 2026 negative
- NEWS Johnson & Johnson stock falls despite strong earnings as investors focus on medtech unit - Yahoo Finance — Yahoo Finance Oct 13, 2026 neutral
Latest item Nov 5, 2026 · Generated 2026-11-05T11:59:10Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- LOWProductDARZALEX15%10-K Item 1: 'Sales of the Company's largest product, collectively DARZALEX (daratumumab) and DARZALEX FASPRO ... accounted for approximately 15.0% of the Company's total revenues for fiscal 2025'
- LOWGeographicEurope23%10-K Item 1A: 'approximately 43% of the Company's sales occurred outside of the U.S., with approximately 23% in Europe'
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Rating Breakdown
2 floor-breakers
Growth below the gate floor. Component breakdown shows what dragged the score down.static
Priced at a premium — multiples above sector norms. Needs delivery on growth + margins to justify.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Hold if already holding. Not a fresh buy at $276.32, but acceptable to hold if already in. Reasons: Analyst target reached - limited upside remaining; Near 52-week high (2.0% away). Chart setup: No clear chart pattern; technical signals are mixed. Maintain position. Not compelling to add more. Analyst target $251.47 reached (−9.0%), stop $262.44 (−5.3%), A.R:R -0.8:1. Score 4.9/10, moderate confidence.
Analyst target $251.47 reached (−9.0% from $276.32); no take-profit level is published. Analyst target $251.47 reached (−9.0%), stop $262.44 (−5.3%), A.R:R -0.8:1. Stop-loss: $262.44.
Analyst target reached - limited upside remaining; Near 52-week high (2.0% away); Weak overall score: 4.9/10.
Johnson & Johnson trades at a P/E of 41.9 (forward 23.8). TrendMatrix value score: 3.7/10. Verdict: Hold.
30 analysts rate JNJ, with a consensus score of 3.9/5. 22 analysts publish price targets averaging $279.
What does Johnson & Johnson do?Johnson & Johnson develops and markets pharmaceutical and medical technology products globally across Innovative...
Johnson & Johnson develops and markets pharmaceutical and medical technology products globally across Innovative Medicine and MedTech segments, employing approximately 138,200 full-time equivalents. Revenue comes from prescription medicines, devices, and contact lenses sold through wholesalers, hospitals, and healthcare professionals. DARZALEX, its largest product, accounted for approximately 15% of fiscal 2025 revenues.