Novo Nordisk A/S (NVO) Stock Forecast & Price Target

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$122.76

-1.77 (-1.42%)

(As of 04/18/2024 ET)

Novo Nordisk A/S Consensus Analyst Rating and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Analysts' Consensus Rating

Moderate Buy
Based on 8 Analyst Ratings

Analysts' Consensus Price Target

$133.60
8.83% Upside

High Forecast	$163.00
Average Forecast	$133.60
Low Forecast	$110.00

Type	Current Forecast 4/20/23 to 4/19/24	1 Month Ago 3/21/23 to 3/20/24	3 Months Ago 1/20/23 to 1/20/24	1 Year Ago 4/20/22 to 4/20/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	6 Buy rating(s)	6 Buy rating(s)	5 Buy rating(s)	7 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$133.60	$126.25	$115.00	$36.25
Predicted Upside	8.83% Upside	18.24% Upside	19.21% Upside	17.45% Upside

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NVO Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

NVO Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Novo Nordisk A/S Stock vs. The Competition

Type	Novo Nordisk A/S	Medical Companies	S&P 500
Consensus Rating Score	2.75	2.68	2.49
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	8.83% Upside	927.96% Upside	12.32% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Ratings and Stock Forecasts

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
4/18/2024	Cantor Fitzgerald Subscribe to MarketBeat All Access for the recommendation accuracy rating	L. Chen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Overweight ➝ Overweight	$160.00	+29.45%
4/12/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$163.00	+29.98%
1/23/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Overweight	$120.00	+13.75%
1/16/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral
12/4/2023	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$105.00 ➝ $115.00	+14.19%
10/2/2023	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$110.00	+22.86%
8/11/2023	DNB Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold
7/14/2023	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 04:47 AM ET.

NVO Price Target - Frequently Asked Questions

What is Novo Nordisk A/S's consensus rating and price target?: According to the issued ratings of 8 analysts in the last year, the consensus rating for Novo Nordisk A/S stock is Moderate Buy based on the current 2 hold ratings and 6 buy ratings for NVO. The average twelve-month price prediction for Novo Nordisk A/S is $133.60 with a high price target of $163.00 and a low price target of $110.00. Learn more on NVO's analyst rating history.
Do Wall Street analysts like Novo Nordisk A/S more than its competitors?: Analysts like Novo Nordisk A/S more than other Medical companies. The consensus rating score for Novo Nordisk A/S is 2.75 while the average consensus rating score for medical companies is 2.68. Learn more on how NVO compares to other companies.
Does Novo Nordisk A/S's stock price have much upside?: According to analysts, Novo Nordisk A/S's stock has a predicted upside of 22.63% based on their 12-month stock forecasts.

What analysts cover Novo Nordisk A/S?: Novo Nordisk A/S has been rated by BMO Capital Markets, Cantor Fitzgerald, and Morgan Stanley in the past 90 days.

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This page (NYSE:NVO) was last updated on 4/19/2024 by MarketBeat.com Staff

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Novo Nordisk A/S (NVO) Stock Forecast & Price Target

Novo Nordisk A/S Consensus Analyst Rating and Stock Price Forecast (2024)

Analysts' Consensus Rating

Analysts' Consensus Price Target

NVO Analyst Ratings By Month

NVO Price Targets by Month

Novo Nordisk A/S Stock vs. The Competition

Recent Analyst Ratings and Stock Forecasts

NVO Price Target - Frequently Asked Questions

Stock Ratings Reports and Tools

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