Morgan Stanley Upgrades Johnson & Johnson to Overweight, Increases PT to $262

Johnson & Johnson (NYSE:JNJ) is 1 of the 10 Hottest Stocks to Buy successful 2026.

On January 28, TheFly reported that Morgan Stanley upgraded Johnson & Johnson (NYSE:JNJ) from Equal Weight to Overweight, expanding the terms people from $200 to $262.

Gil C/Shutterstock.com

Terence Flynn from Morgan Stanley remains bullish connected the institution arsenic helium expects higher estimates from Johnson & Johnson’s caller products. Based connected this, Flynn besides sees a higher valuation aggregate for the upgrade. The expert expects JNJ to surpass net driven by respective caller merchandise cycles, estimating astir 20% supra statement estimates. Wall Street, connected average, expects JNJ to station adjusted net per stock of $2.69 for the existent quarter.

Flynn mentioned that the institution offers 1 of the astir robust caller merchandise rhythm offerings successful the biopharma industry. The expert has besides raised estimates for the company’s products, including Tremfya, Icotyde, Tecvayli, and Darzalex.

Over the past year, done January 30, Johnson & Johnson (NYSE:JNJ) shares person returned implicit 48.50%. Of the 28 analysts covering JNJ, 57% complaint it a Buy, 36% a Hold, and 7% a Sell. The median terms people of $240 highlights an upside of conscionable nether 6%, portion Morgan Stanley’s $262 terms people indicates an upside of 15.25%.

Johnson & Johnson (NYSE:JNJ) is engaged successful the research, development, manufacturing, and merchantability of a scope of healthcare products globally. The institution operates done 2 segments: Innovative Medicine and MedTech.

While we admit the imaginable of JNJ arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you’re looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double successful 3 Years and 11 Hidden AI Stocks to Buy NOW 

Disclosure: None. This nonfiction is primitively published astatine Insider Monkey.