Will Johnson & Johnson Be a Trillion-Dollar Stock by 2030?
Trying to figure out if a company will have a market capitalization of $1 trillion in the next decade is often reserved for fast-growing technology companies looking to become the next Apple, Microsoft, or Facebook. But slow, steady growth from a megacap stock can also achieve that mark.
Johnson & Johnson (NYSE: JNJ) is already an enormous company. And its growth might not be exciting, but its consistency over time can deliver impressive results. The stock is currently worth $432 billion, meaning it only has to do a little more than double its size to reach the magic number. Breaking down each business unit and projecting the profits a decade from now might highlight the path to crossing the $1 trillion threshold.
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Source Fool.com