Novartis AG Stock Forecast

Stock Price Forecast

The 1 analyst with a 12-month price forecast for Novartis AG stock has a target of 118, which predicts a decrease of -10.71% from the current stock price of 132.16.

Analyst Consensus: Sell

Target	Low	Average	Median	High
Price	$118	$118	$118	$118
Change	-10.71%	-10.71%	-10.71%	-10.71%

* Price targets were last updated on Sep 12, 2025.

Analyst Ratings

The average analyst rating for Novartis AG stock from 3 stock analysts is "Sell". This means that analysts believe this stock is likely to lead to lower returns than market as a whole.

Recommendation Trends

Rating	Jun '25	Jul '25	Aug '25	Sep '25	Oct '25	Nov '25
Strong Buy	0	0	0	0	0	0
Buy	0	0	0	0	0	0
Hold	6	6	6	3	4	2
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	1	1	1
Total	6	6	6	4	5	3

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
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	-10.71%	Sep 12, 2025
Matthew Weston UBS	UBS	Strong Buy → Hold Downgrades n/a	Strong Buy → Hold	Downgrades	n/a	n/a	Feb 13, 2025
Hans Engel Erste Group	Erste Group	Strong Buy → Hold Downgrades n/a	Strong Buy → Hold	Downgrades	n/a	n/a	Nov 19, 2024
Etzer Darout BMO Capital	BMO Capital	Hold Maintains $118 → $120	Hold	Maintains	$118 → $120	-9.20%	Oct 30, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

56.55B

from 51.72B

9.33%

from 51.72B

Revenue Next Year

58.10B

from 56.55B

2.75%

from 56.55B

EPS This Year

9.11

from 5.87

55.25%

from 5.87

EPS Next Year

9.37

from 9.11

2.78%

from 9.11

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	49.90B	43.97B	43.46B	46.66B	51.72B	56.55B	58.10B
Revenue Growth	2.51%	-11.87%	-1.17%	7.36%	10.85%	9.33%	2.75%
EPS	3.52	10.63	3.17	7.10	5.87	9.11	9.37
EPS Growth	-30.43%	202.06%	-70.16%	123.90%	-17.36%	55.25%	2.78%
Forward PE	-	-	-	-	-	14.50	14.11
No. Analysts	-	-	-	-	-	25	25

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

Revenue Forecast

Revenue	2025	2026
High	60.1B	61.7B
Avg	56.5B	58.1B
Low	53.6B	53.1B

Revenue Growth

Revenue Growth	2025	2026
High	16.3%	9.1%
Avg	9.3%	2.7%
Low	3.7%	-6.1%

EPS Forecast

EPS	2025	2026
High	9.77	10.25
Avg	9.11	9.37
Low	8.50	8.09

EPS Growth

EPS Growth	2025	2026
High	66.4%	12.5%
Avg	55.3%	2.8%
Low	44.7%	-11.3%

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.