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Obesity Drug Boom, Split Make This Stock a Heavy Bargain

Written by MarketBeat Staff
October 9, 2023

Key Points

  • Rapidly growing demand for Novo Nordisk’s GLP-1 diabetes and obesity treatments are fattening up its financial results.
  • Last month, the company completed a 2-for-1 stock split that put its price under $100.
  • Management raised full-year sales growth outlook to 27% to 33%, reflecting the company's massive market share in a pair of fast-growth markets.
  • Five stocks we like better than Novo Nordisk A/S.

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Should You Invest $1,000 in Novo Nordisk A/S Right Now?

Before you consider Novo Nordisk A/S, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Novo Nordisk A/S wasn't on the list.

While Novo Nordisk A/S currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Novo Nordisk A/S (NVO)
4.7239 of 5 stars		$69.14+1.4%2.36%21.03Hold$135.00
Eli Lilly and Company (LLY)
4.9796 of 5 stars		$733.71-1.8%0.82%62.76Moderate Buy$1,011.37
Walmart (WMT)
4.33 of 5 stars		$97.15-0.7%0.97%40.36Moderate Buy$104.94
Mondelez International (MDLZ)
4.5545 of 5 stars		$65.55-0.5%2.87%19.18Moderate Buy$70.55
Nestlé (NSRGY)
1.4703 of 5 stars		$106.12+1.2%2.05%N/AHold$91.00
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