Novo Nordisk Stock Forecast

Stock Price Forecast

The 4 analysts with 12-month price forecasts for Novo Nordisk stock have an average target of 54.25, with a low estimate of 46 and a high estimate of 70. The average target predicts an increase of 13.35% from the current stock price of 47.86.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$46	$54.25	$54	$70
Change	-3.89%	+13.35%	+12.83%	+46.26%

Analyst Ratings

The average analyst rating for Novo Nordisk stock from 10 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Jul '25	Aug '25	Sep '25	Oct '25	Nov '25	Dec '25
Strong Buy	2	2	3	4	4	4
Buy	1	1	1	1	0	0
Hold	3	4	4	3	4	4
Sell	0	0	1	2	2	2
Strong Sell	0	0	0	0	0	0
Total	6	7	9	10	10	10

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
James Quigley Goldman Sachs	Goldman Sachs	Strong Buy Maintains $60 → $54	Strong Buy	Maintains	$60 → $54	+12.83%	Nov 28, 2025
Evan David Seigerman BMO Capital	BMO Capital	Hold Maintains $50 → $46	Hold	Maintains	$50 → $46	-3.89%	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
Evan David Seigerman BMO Capital	BMO Capital	Hold Maintains $50 → $55	Hold	Maintains	$50 → $55	+14.92%	Oct 14, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

312.96B

from 290.40B

7.77%

from 290.40B

Revenue Next Year

318.79B

from 312.96B

1.86%

from 312.96B

EPS This Year

23.83

from 22.63

5.30%

from 22.63

EPS Next Year

23.88

from 23.83

0.22%

from 23.83

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	126.95B	140.80B	176.95B	232.26B	290.40B	312.96B	318.79B
Revenue Growth	4.04%	10.91%	25.68%	31.26%	25.03%	7.77%	1.86%
EPS	9.01	10.37	12.22	18.62	22.63	23.83	23.88
EPS Growth	9.95%	15.16%	17.84%	52.37%	21.54%	5.30%	0.22%
Forward PE	-	-	-	-	-	12.88	12.86
No. Analysts	-	-	-	-	-	27	27

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

Revenue Forecast

Revenue	2025	2026
High	334.5B	376.8B
Avg	313.0B	318.8B
Low	296.6B	281.0B

Revenue Growth

Revenue Growth	2025	2026
High	15.2%	20.4%
Avg	7.8%	1.9%
Low	2.1%	-10.2%

EPS Forecast

EPS	2025	2026
High	26.47	30.11
Avg	23.83	23.88
Low	22.19	19.89

EPS Growth

EPS Growth	2025	2026
High	17.0%	26.4%
Avg	5.3%	0.2%
Low	-2.0%	-16.5%

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.