Johnson & Johnson

JNJ: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$492.00	Bdmrw	Vnmwkgw

Johnson & Johnson Earnings: Growth Outlook Slowing After Solid 2023, but Pipeline Holds Upside

Damien Conover

Jan 23, 2024

Johnson & Johnson reported fourth-quarter results largely in line with our projections, and we are holding firm to our $164 fair value estimate. The stock looks slightly undervalued, as the market is likely not fully appreciating the firm’s long-term potential with pipeline products that also reinforce J&J’s wide moat.

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