Novartis AG (SWX:NOVN)
Switzerland flag Switzerland · Delayed Price · Currency is CHF
133.40
-1.08 (-0.80%)
Nov 11, 2026, 1:00 PM CET

Novartis AG Stock Forecast

Stock Price Forecast

According to 23 analysts polled by S&P Global, Novartis AG stock has a consensus rating of "Hold" and an average price target of CHF 127.65. The average 1-year stock price forecast is 4.31% lower than the current stock price, while the lowest is CHF 101.09 (-24.22%) and the highest is CHF 152.42 (+14.26%).

Price Target: CHF 127.65 (-4.31%)
Analyst Consensus: Hold

Price Target

Chart
TargetLowAverageMedianHigh
PriceCHF 101.09CHF 127.65CHF 127.67CHF 152.42
Change-24.22%-4.31%-4.30%+14.26%

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
RatingJun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Strong Buy555444
Buy444444
Hold1099131111
Sell011011
Strong Sell333233
Total222222232323

Latest Forecasts

AnalystFirmRatingRatingActionPrice TargetUpsideDate
Deutsche Bank
Deutsche Bank
Sell
Maintains
CHF 115.00
SellMaintainsCHF 115.00-13.79%Nov 10, 2026
Barclays
Barclays
Hold
Maintains
CHF 125.00
HoldMaintainsCHF 125.00-6.30%Nov 9, 2026
Jefferies
Jefferies
Hold
Maintains
CHF 110.00 → CHF 125.00
HoldMaintainsCHF 110.00 → CHF 125.00-6.30%Nov 9, 2026
Citi
Citi
Buy
Maintains
CHF 135.00 → CHF 150.00
BuyMaintainsCHF 135.00 → CHF 150.00+12.44%Nov 6, 2026
J.P. Morgan
J.P. Morgan
Buy
Maintains
CHF 135.00 → CHF 145.00
BuyMaintainsCHF 135.00 → CHF 145.00+8.70%Oct 29, 2026
More Analyst Ratings

Financial Forecast

Revenue This Year
57.82B
from 56.67B
Increased by 2.02%
Revenue Next Year
61.67B
from 57.82B
Increased by 6.66%
EPS This Year
9.10
from 8.98
Increased by 1.38%
EPS Next Year
10.03
from 9.10
Increased by 10.18%
Fiscal YearFY 2021FY 2022FY 2023FY 2024FY 2025FY 2026
Period EndingDec 31, 2021Dec 31, 2022Dec 31, 2023Dec 31, 2024Dec 31, 2025Dec 31, 2026
Revenue
43.97B43.46B46.66B51.72B56.67B57.82B
Revenue Growth
-11.87%-1.17%7.36%10.85%9.57%2.02%
Gross Profit
32.58B31.88B34.19B38.91B43.05B46.76B
Gross Margin
74.10%73.35%73.27%75.22%75.97%80.86%
Operating Income
10.96B9.21B10.23B16.32B19.01B22.36B
Net Income
24.02B6.96B14.85B11.94B13.98B13.13B
EPS
----8.989.10
EPS Growth
----14.98%1.38%
Forward PE
13.1514.4113.8611.7416.1317.67
Dividend / Share
3.403.463.923.864.674.37
Dividend Growth
0.29%1.77%13.24%-1.44%20.81%-6.29%
Free Cash Flow
----17.60B13.93B
No. Analysts
-----18
EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Revenue202620272028
High58.9B
Avg57.8B
Low56.5B

Revenue Growth

Revenue Growth202620272028
High
3.9%
Avg
2.0%
Low
-0.4%

EPS Forecast

EPS202620272028
High9.38
Avg9.10
Low8.89

EPS Growth

EPS Growth202620272028
High
4.5%
Avg
1.4%
Low
-1.0%