Novartis AG Stock Forecast

Stock Price Forecast

According to 12 analysts polled by S&P Global, Novartis AG stock has a consensus rating of "Hold" and an average price target of $156.56. The average 1-year stock price forecast is 14.14% higher than the current stock price, while the lowest is $130 (-5.22%) and the highest is $185 (+34.88%).

Price Target: $156.56 (+14.14%)

Analyst Consensus: Hold

Price Target

Chart

Target	Low	Average	Median	High
Price	$130	$156.56	$160.15	$185
Change	-5.22%	+14.14%	+16.76%	+34.88%

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

Rating	Apr '26	May '26	Jun '26	Jul '26	Aug '26	Sep '26
Strong Buy	2	2	2	2	2	2
Buy	3	3	3	3	3	3
Hold	5	5	5	4	4	4
Sell	0	0	0	1	1	1
Strong Sell	2	2	2	2	2	2
Total	12	12	12	12	12	12

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Rajesh Kumar HSBC	HSBC	Hold Upgrades $123 → $136	Hold	Upgrades	$123 → $136	-0.85%	Sep 10, 2026
Steve Scala TD Cowen	TD Cowen	Hold Maintains $180	Hold	Maintains	$180	+31.23%	Sep 9, 2026
Sachin Jain Bank of America Securities	Bank of America Securities	Buy Maintains $186	Buy	Maintains	$186	+35.43%	Sep 7, 2026
Kerry Holford Berenberg Bank	Berenberg Bank	Hold Maintains $141 → $147	Hold	Maintains	$141 → $147	+7.17%	Jul 28, 2026
Jasper Hellweg Argus Research	Argus Research	Buy Maintains $170	Buy	Maintains	$170	+23.94%	Jul 24, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

57.68B

from 56.67B

1.77%

from 56.67B

Revenue Next Year

61.37B

from 57.68B

6.40%

from 57.68B

EPS This Year

8.80

from 8.98

-1.99%

from 8.98

EPS Next Year

9.83

from 8.80

11.71%

from 8.80

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	43.97B	43.46B	46.66B	51.72B	56.67B	57.68B
Revenue Growth	-11.87%	-1.17%	7.36%	10.85%	9.57%	1.77%
Gross Profit	32.58B	31.88B	34.19B	38.91B	43.05B	46.51B
Gross Margin	74.10%	73.35%	73.27%	75.22%	75.97%	80.64%
Operating Income	10.96B	9.21B	10.23B	16.32B	19.01B	21.80B
Net Income	24.02B	6.96B	14.85B	11.94B	13.98B	13.96B
EPS	-	-	-	-	8.98	8.80
EPS Growth	-	-	-	-	14.98%	-1.99%
Forward PE	-	-	-	-	-	15.58
Dividend / Share	3.40	3.46	3.92	3.86	4.67	4.37
Dividend Growth	0.29%	1.77%	13.24%	-1.44%	20.81%	-6.33%
Free Cash Flow	11.77B	7.31B	13.68B	12.04B	12.12B	15.39B
No. Analysts	-	-	-	-	-	20

EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Chart

Revenue	2026	2027	2028
High	59.9B
Avg	57.7B
Low	56.1B

Revenue Growth

Chart

Revenue Growth	2026	2027	2028
High	5.7%
Avg	1.8%
Low	-1.0%

EPS Forecast

Chart

EPS	2026	2027	2028
High	9.02
Avg	8.80
Low	8.30

EPS Growth

Chart

EPS Growth	2026	2027	2028
High	0.5%
Avg	-2.0%
Low	-7.6%