Barclays Raises Johnson & Johnson (JNJ) Price Target on Strong Pharma Momentum

Johnson & Johnson (NYSE:JNJ) is included among the 10 Healthcare Stocks with Highest Dividends.

On April 15, Barclays analyst Matt Miksic raised the firm’s price recommendation on Johnson & Johnson (NYSE:JNJ) to $255 from $234. It reiterated an Equal Weight rating on the shares. The analyst noted that the company’s pharma unit delivered its sixth consecutive quarter of double-digit organic growth. In a research note, Barclays said it expects J&J’s new products, along with “durable” core growth in medical technology and pharma, to support its goal of double-digit sales growth by the end of the decade.

During the Q1 2026 earnings call, CEO and Chairman Joaquin Duato said the company delivered operational sales growth of 6.4%. He explained that the company’s growth strategy remains focused on oncology, immunology, neuroscience, cardiovascular, surgery, and vision. He also said the company now has 28 platforms or products generating at least $1 billion in annual revenue and is on track to reach its 2026 target of $100 billion in annual revenue for the first time.

Speaking about oncology, Duato said DARZALEX continues to serve as the gold standard in multiple myeloma, with sales of $4 billion and operational sales growth of 18%. He also pointed to the FDA approval of TECVAYLI in combination with DARZALEX FASPRO, noting that the regimen could position itself as a potential new standard of care as early as the second-line setting.

Johnson & Johnson (NYSE:JNJ) and its subsidiaries are engaged in the research and development, manufacture, and sale of a range of products in the healthcare field. The company operates through two segments: Innovative Medicine and MedTech.

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