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Benzinga
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Johnson & Johnson Q4 Earnings Loom As FDA Approves Depression Drug: Will Long-Term Weakness Reverse?

1. Johnson & Johnson reports Q4 earnings Wednesday with $2 EPS expectations. 2. FDA approves Spravato for major depressive disorder, boosting JNJ's psychiatric portfolio. 3. Short-term indicators bullish; long-term trends show potential weakness. 4. Analysts expect 13% upside with a price target of $167.71.

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FAQ

Why Bullish?

The FDA approval for Spravato could enhance JNJ's growth potential, similar to past drug approvals.

How important is it?

The FDA approval is significant for JNJ's product line, impacting market sentiment ahead of earnings.

Why Short Term?

Short-term momentum may rise from earnings and FDA approval, affecting immediate stock performance.

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