Novartis AG Stock Forecast

Stock Price Forecast

The 2 analysts that cover Novartis AG stock have a consensus rating of "Hold" and an average price target of $144, which forecasts a -6.75% decrease in the stock price over the next year. The lowest target is $118 and the highest is $170.

Price Target: $144 (-6.75%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$118	$144	$170	$170
Change	-23.59%	-6.75%	+10.09%	+10.09%

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

Rating	Nov '25	Dec '25	Jan '26	Feb '26	Mar '26	Apr '26
Strong Buy	0	0	0	0	0	0
Buy	0	1	1	1	2	2
Hold	4	2	3	3	2	2
Sell	0	0	0	0	0	0
Strong Sell	1	1	1	1	1	1
Total	5	4	5	5	5	5

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Mark Purcell Morgan Stanley	Morgan Stanley	Buy Maintains $143 → $170	Buy	Maintains	$143 → $170	+10.09%	Mar 26, 2026
Emmanuel Papada Barclays	Barclays	Sell → Hold Upgrades n/a	Sell → Hold	Upgrades	n/a	n/a	Jan 6, 2026
Richard Vosser JP Morgan	JP Morgan	Hold → Buy Upgrades n/a	Hold → Buy	Upgrades	n/a	n/a	Dec 8, 2025
Michael Leuchten Jefferies	Jefferies	Hold Initiates n/a	Hold	Initiates	n/a	n/a	Oct 27, 2025
James Quigley Goldman Sachs	Goldman Sachs	Hold → Strong Sell Downgrades $119 → $118	Hold → Strong Sell	Downgrades	$119 → $118	-23.59%	Sep 12, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

58.00B

from 56.67B

2.34%

from 56.67B

Revenue Next Year

60.98B

from 58.00B

5.14%

from 58.00B

EPS This Year

9.04

from 7.15

26.47%

from 7.15

EPS Next Year

9.86

from 9.04

9.05%

from 9.04

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	43.97B	43.46B	46.66B	51.72B	56.67B	58.00B	60.98B
Revenue Growth	-11.87%	-1.17%	7.36%	10.85%	9.57%	2.34%	5.14%
EPS	10.63	3.17	7.10	5.87	7.15	9.04	9.86
EPS Growth	202.06%	-70.16%	123.90%	-17.36%	21.81%	26.47%	9.05%
Forward PE	-	-	-	-	-	17.08	15.66
No. Analysts	-	-	-	-	-	28	27

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2026	2027
High	62.2B	67.4B
Avg	58.0B	61.0B
Low	53.8B	55.9B

Revenue Growth

Revenue Growth	2026	2027
High	9.8%	16.2%
Avg	2.3%	5.1%
Low	-5.1%	-3.6%

EPS Forecast

EPS	2026	2027
High	10.24	10.89
Avg	9.04	9.86
Low	7.39	7.88

EPS Growth

EPS Growth	2026	2027
High	43.2%	20.4%
Avg	26.5%	9.1%
Low	3.4%	-12.8%

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.