Starter Stock Portfolio: 14 Safe Stocks to Buy Now

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7. Johnson & Johnson (NYSE:JNJ)

Johnson & Johnson (NYSE:JNJ) ranks among the 14 safe stocks to buy now for a starter stock portfolio. On March 2, BofA Securities boosted its price target for Johnson & Johnson (NYSE:JNJ) to $253 from $227, while keeping a Neutral rating on the company’s shares. The firm raised its revenue expectations for Johnson & Johnson (NYSE:JNJ) to reflect new perspectives on near-to-market pipeline products, including Tecvayli for multiple myeloma and Inlexzo for bladder cancer.

The adjustments improve the firm’s revenue predictions for 2027 and 2032 by 1% to 6%, raising the five-year CAGR to 4.6% from 4.0%. Moreover, the revision raises the firm’s non-GAAP earnings per share forecast for fiscal 2027 by roughly 20 cents.

In a separate instance, Johnson & Johnson (NYSE:JNJ) has submitted a second Biologics License Application to the FDA for IMAAVY, intended to treat warm autoimmune hemolytic anemia, a health issue for which no FDA-approved therapies exist.

Johnson & Johnson (NYSE:JNJ) is a diversified healthcare company. It operates through three main segments: Innovative Medicine, MedTech, and Consumer Health. Its product range includes pharmaceuticals and medical devices, as well as widely recognized consumer brands.

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