Novo Nordisk A/S (NVO)
NYSE: NVO · IEX Real-Time Price · USD
124.51
-0.89 (-0.71%)
At close: Apr 12, 2024, 4:00 PM
124.36
-0.15 (-0.12%)
After-hours: Apr 12, 2024, 7:59 PM EDT

Novo Nordisk Stock Forecast

Stock Price Forecast

The 6 analysts with 12-month price forecasts for Novo Nordisk stock have an average target of 133, with a low estimate of 115 and a high estimate of 163. The average target predicts an increase of 6.82% from the current stock price of 124.51.

Analyst Consensus: Strong Buy
Target Low Average Median High
Price $115 $133 $125 $163
Change -7.64% +6.82% +0.39% +30.91%

Analyst Ratings

The average analyst rating for Novo Nordisk stock from 6 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.

Recommendation Trends

Rating Nov '23Dec '23Jan '24Feb '24Mar '24Apr '24
Strong Buy 222332
Buy 123334
Hold 000000
Sell 000000
Strong Sell 000000
Total 345666

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
BMO Capital
BMO Capital
Buy
Initiates
$163
Buy Initiates $163 +30.91% Apr 12, 2024
Cantor Fitzgerald
Cantor Fitzgerald
Buy
Reiterates
$160
Buy Reiterates $160 +28.50% Apr 5, 2024
Cantor Fitzgerald
Cantor Fitzgerald
Buy
Reiterates
$160
Buy Reiterates $160 +28.50% Apr 1, 2024
Cantor Fitzgerald
Cantor Fitzgerald
Buy
Reiterates
$160
Buy Reiterates $160 +28.50% Mar 20, 2024
Cantor Fitzgerald
Cantor Fitzgerald
Buy
Maintains
$140$160
Buy Maintains $140$160 +28.50% Mar 8, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
291.47B
from 232.26B
Increased by 25.49%
Revenue Next Year
351.98B
from 291.47B
Increased by 20.76%
EPS This Year
23.64
from 18.62
Increased by 26.94%
EPS Next Year
28.81
from 23.64
Increased by 21.87%
Year 2019202020212022202320242025202620272028
Revenue
122.02B126.95B140.80B176.95B232.26B291.47B351.98B411.69B398.71B438.30B
Revenue Growth
9.11%4.04%10.91%25.68%31.26%25.49%20.76%16.96%-3.15%9.93%
EPS
8.199.0010.3712.2218.6223.6428.8134.5633.5436.21
EPS Growth
2.76%9.89%15.22%17.84%52.37%26.94%21.87%19.97%-2.96%7.98%
No. Analysts -----27272094
Financial currency is DKK. Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025202620272028
High 317.2B 402.7B 483.4B 504.2B 575.1B
Avg 291.5B 352.0B 411.7B 398.7B 438.3B
Low 271.7B 314.1B 351.4B 326.1B 359.9B

Revenue Growth

Revenue Growth 20242025202620272028
High
36.6%
38.2%
37.3%
22.5%
44.2%
Avg
25.5%
20.8%
17.0%
-3.2%
9.9%
Low
17.0%
7.8%
-0.2%
-20.8%
-9.7%

EPS Forecast

EPS 20242025202620272028
High 26.57 33.50 41.81 38.17 42.38
Avg 23.64 28.81 34.56 33.54 36.21
Low 21.56 24.16 27.39 26.49 28.95

EPS Growth

EPS Growth 20242025202620272028
High
42.7%
41.7%
45.1%
10.4%
26.4%
Avg
26.9%
21.9%
20.0%
-3.0%
8.0%
Low
15.8%
2.2%
-4.9%
-23.3%
-13.7%
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.