Johnson & Johnson

JNJ: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$634.00	Rwjk	Dvqmrxgth

Johnson & Johnson Earnings: Largely in Line as New Products Ready to Offset Stelara Biosimilars

Damien Conover

Jul 17, 2024

We are holding our Johnson Johnson fair value estimate steady at $164 per share following second-quarter results that largely ran in line with our expectations. The stock looks undervalued, with the market likely not fully appreciating the broad innovation across the firm's pipeline that should drive steady growth and reinforce JJ's wide moat.

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