Novo Nordisk Stock Forecast

Stock Price Forecast

The 4 analysts that cover Novo Nordisk stock have a consensus rating of "Hold" and an average price target of $54.25, which forecasts a 24.68% increase in the stock price over the next year. The lowest target is $46 and the highest is $70.

Price Target: $54.25 (+24.68%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$46	$54.25	$54	$70
Change	+5.72%	+24.68%	+24.11%	+60.88%

* Price targets were last updated on Nov 28, 2025.

Analyst Ratings

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

Recommendation Trends

Rating	Sep '25	Oct '25	Nov '25	Dec '25	Jan '26	Feb '26
Strong Buy	3	4	4	4	4	3
Buy	1	1	0	0	0	0
Hold	4	3	4	5	5	5
Sell	1	2	2	2	2	2
Strong Sell	0	0	0	0	0	0
Total	9	10	10	11	11	10

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
John Eade Argus Research	Argus Research	Strong Buy → Hold Downgrades n/a	Strong Buy → Hold	Downgrades	n/a	n/a	Dec 8, 2025
James Quigley Goldman Sachs	Goldman Sachs	Strong Buy Maintains $60 → $54	Strong Buy	Maintains	$60 → $54	+24.11%	Nov 28, 2025
Evan David Seigerman BMO Capital	BMO Capital	Hold Maintains $50 → $46	Hold	Maintains	$50 → $46	+5.72%	Nov 25, 2025
Rajesh Kumar HSBC	HSBC	Strong Buy → Hold Downgrades n/a	Strong Buy → Hold	Downgrades	n/a	n/a	Nov 24, 2025
Michael Leuchten Jefferies	Jefferies	Sell Initiates n/a	Sell	Initiates	n/a	n/a	Oct 27, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

312.20B

from 309.06B

1.02%

from 309.06B

Revenue Next Year

333.47B

from 312.20B

6.81%

from 312.20B

EPS This Year

22.78

from 23.03

-1.09%

from 23.03

EPS Next Year

24.20

from 22.78

6.22%

from 22.78

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	140.80B	176.95B	232.26B	290.40B	309.06B	312.20B	333.47B
Revenue Growth	10.91%	25.68%	31.26%	25.03%	6.43%	1.02%	6.81%
EPS	10.37	12.22	18.62	22.63	23.03	22.78	24.20
EPS Growth	15.16%	17.84%	52.37%	21.54%	1.77%	-1.09%	6.22%
Forward PE	-	-	-	-	-	12.09	11.39
No. Analysts	-	-	-	-	-	27	24

Financial currency is DKK. Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2026	2027
High	368.7B	386.0B
Avg	312.2B	333.5B
Low	279.0B	284.0B

Revenue Growth

Revenue Growth	2026	2027
High	19.3%	23.6%
Avg	1.0%	6.8%
Low	-9.7%	-9.0%

EPS Forecast

EPS	2026	2027
High	29.09	31.63
Avg	22.78	24.20
Low	19.89	19.91

EPS Growth

EPS Growth	2026	2027
High	26.3%	38.8%
Avg	-1.1%	6.2%
Low	-13.6%	-12.6%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.