Novartis AG (SWX:NOVN)
Switzerland flag Switzerland · Delayed Price · Currency is CHF
127.12
+0.24 (0.19%)
Oct 22, 2026, 9:31 AM CEST

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 123.72. The average 1-year stock price forecast is 2.67% lower than the current stock price, while the lowest is CHF 99.76 (-21.52%) and the highest is CHF 148.77 (+17.03%).

Price Target: CHF 123.72 (-2.67%)
Analyst Consensus: Hold

Price Target

Chart
TargetLowAverageMedianHigh
PriceCHF 99.76CHF 123.72CHF 125.88CHF 148.77
Change-21.52%-2.67%-0.98%+17.03%

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
RatingMay '26Jun '26Jul '26Aug '26Sep '26Oct '26
Strong Buy555544
Buy444444
Hold1010991313
Sell001100
Strong Sell333322
Total222222222323

Latest Forecasts

AnalystFirmRatingRatingActionPrice TargetUpsideDate
RBC Capital
RBC Capital
Hold
Maintains
CHF 120.00
HoldMaintainsCHF 120.00-5.60%Oct 21, 2026
UBS
UBS
Hold
Maintains
CHF 116.00
HoldMaintainsCHF 116.00-8.75%Oct 20, 2026
Barclays
Barclays
Hold
Maintains
CHF 130.00
HoldMaintainsCHF 130.00+2.27%Oct 13, 2026
Bank of America Securities
Bank of America Securities
Buy
Maintains
CHF 150.00
BuyMaintainsCHF 150.00+18.00%Oct 12, 2026
Citi
Citi
Buy
Maintains
n/a
BuyMaintainsn/an/aOct 7, 2026
More Analyst Ratings

Financial Forecast

Revenue This Year
57.66B
from 56.67B
Increased by 1.73%
Revenue Next Year
61.34B
from 57.66B
Increased by 6.39%
EPS This Year
8.85
from 8.98
Decreased by -1.46%
EPS Next Year
9.84
from 8.85
Increased by 11.18%
Fiscal YearFY 2021FY 2022FY 2023FY 2024FY 2025FY 2026
Period EndingDec 31, 2021Dec 31, 2022Dec 31, 2023Dec 31, 2024Dec 31, 2025Dec 31, 2026
Revenue
43.97B43.46B46.66B51.72B56.67B57.66B
Revenue Growth
-11.87%-1.17%7.36%10.85%9.57%1.73%
Gross Profit
32.58B31.88B34.19B38.91B43.05B47.04B
Gross Margin
74.10%73.35%73.27%75.22%75.97%81.58%
Operating Income
10.96B9.21B10.23B16.32B19.01B21.84B
Net Income
24.02B6.96B14.85B11.94B13.98B14.35B
EPS
----8.988.85
EPS Growth
----14.98%-1.46%
Forward PE
13.1514.4113.8611.7416.1317.51
Dividend / Share
3.403.463.923.864.674.37
Dividend Growth
0.29%1.77%13.24%-1.44%20.81%-6.43%
Free Cash Flow
----17.60B16.17B
No. Analysts
-----21
EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Revenue202620272028
High59.9B
Avg57.7B
Low56.1B

Revenue Growth

Revenue Growth202620272028
High
5.7%
Avg
1.7%
Low
-1.0%

EPS Forecast

EPS202620272028
High9.07
Avg8.85
Low8.50

EPS Growth

EPS Growth202620272028
High
1.0%
Avg
-1.5%
Low
-5.4%