Novartis AG Stock Forecast

Stock Price Forecast

According to 22 analysts polled by S&P Global, Novartis AG stock has a consensus rating of "Hold" and an average price target of CHF 126.09. The average 1-year stock price forecast is 1.21% lower than the current stock price, while the lowest is CHF 96.01 (-24.78%) and the highest is CHF 143.16 (+12.16%).

Price Target: CHF 126.09 (-1.21%)

Analyst Consensus: Hold

Price Target

Chart

Target	Low	Average	Median	High
Price	CHF 96.01	CHF 126.09	CHF 128.75	CHF 143.16
Change	-24.78%	-1.21%	+0.87%	+12.16%

Analyst Ratings

The average analyst rating for Novartis AG stock is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Chart

Rating	Feb '26	Mar '26	Apr '26	May '26	Jun '26	Jul '26
Strong Buy	6	5	5	5	5	5
Buy	4	4	4	4	4	4
Hold	8	9	10	10	10	10
Sell	1	1	0	0	0	0
Strong Sell	3	3	3	3	3	3
Total	22	22	22	22	22	22

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Shelby Tucker TD Cowen	TD Cowen	Hold Maintains CHF 138.00	Hold	Maintains	CHF 138.00	+8.12%	Jul 27, 2026
Kerry Holford Berenberg Bank	Berenberg Bank	Hold Maintains CHF 110.00 → CHF 120.00	Hold	Maintains	CHF 110.00 → CHF 120.00	-5.99%	Jul 27, 2026
Elmar Kraus DZ BANK AG	DZ BANK AG	Hold Maintains n/a	Hold	Maintains	n/a	n/a	Jul 23, 2026
Graham Parry Citi	Citi	Buy Maintains CHF 132.00 → CHF 142.00	Buy	Maintains	CHF 132.00 → CHF 142.00	+11.25%	Jul 22, 2026
Emmanuel Papadakis Deutsche Bank	Deutsche Bank	Buy Maintains CHF 140.00	Buy	Maintains	CHF 140.00	+9.68%	Jul 22, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

57.55B

from 56.67B

1.55%

from 56.67B

Revenue Next Year

61.09B

from 57.55B

6.16%

from 57.55B

EPS This Year

8.78

from 8.98

-2.27%

from 8.98

EPS Next Year

9.81

from 8.78

11.78%

from 8.78

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	43.97B	43.46B	46.66B	51.72B	56.67B	57.55B
Revenue Growth	-11.87%	-1.17%	7.36%	10.85%	9.57%	1.55%
Gross Profit	32.58B	31.88B	34.19B	38.91B	43.05B	46.40B
Gross Margin	74.10%	73.35%	73.27%	75.22%	75.97%	80.62%
Operating Income	10.96B	9.21B	10.23B	16.32B	19.01B	21.79B
Net Income	24.02B	6.96B	14.85B	11.94B	13.98B	13.94B
EPS	-	-	-	-	8.98	8.78
EPS Growth	-	-	-	-	14.98%	-2.27%
Forward PE	13.15	14.41	13.86	11.74	16.13	17.86
Dividend / Share	3.40	3.46	3.92	3.86	4.67	4.37
Dividend Growth	-	1.77%	13.24%	-1.44%	20.81%	-6.30%
Free Cash Flow	11.77B	7.31B	13.68B	12.04B	12.12B	14.49B
No. Analysts	-	-	-	-	-	18

EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Chart

Revenue	2026	2027	2028
High	58.8B
Avg	57.6B
Low	56.1B

Revenue Growth

Chart

Revenue Growth	2026	2027	2028
High	3.8%
Avg	1.5%
Low	-1.0%

EPS Forecast

Chart

EPS	2026	2027	2028
High	9.00
Avg	8.78
Low	8.30

EPS Growth

Chart

EPS Growth	2026	2027	2028
High	0.3%
Avg	-2.3%
Low	-7.6%