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Nordson (NDSN) Stock Forecast & Price Target

-3.04 (-1.27%)
(As of 07/19/2024 ET)

Nordson - Analysts' Recommendations 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.

Consensus Rating

Based on 6 Wall Street analysts who have issued ratings for Nordson in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 6 analysts, 2 have given a hold rating, and 4 have given a buy rating for NDSN.

Consensus Price Target

18.08% Upside
High Forecast$315.00
Average Forecast$279.40
Low Forecast$240.00

According to the 6 analysts' twelve-month price targets for Nordson, the average price target is $279.40. The highest price target for NDSN is $315.00, while the lowest price target for NDSN is $240.00. The average price target represents a forecasted upside of 18.08% from the current price of $236.61.

TypeCurrent Forecast
7/22/23 to 7/21/24
1 Month Ago
6/22/23 to 6/21/24
3 Months Ago
4/23/23 to 4/22/24
1 Year Ago
7/22/22 to 7/22/23
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)
4 Buy rating(s)
4 Buy rating(s)
4 Buy rating(s)
2 Buy rating(s)
2 Hold rating(s)
2 Hold rating(s)
2 Hold rating(s)
1 Hold rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$279.40$277.83$278.00$260.20
Forecasted Upside18.08% Upside15.15% Upside14.01% Upside15.66% Upside
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NDSN Analyst Recommendations 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.
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NDSN 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.
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Nordson Stock vs. The Competition

TypeNordsonIndustrial Products CompaniesS&P 500
Consensus Rating Score
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside18.08% Upside41.34% Upside10.07% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
5/22/2024DA Davidson
3 of 5 stars
 Lower TargetBuy ➝ Buy$315.00 ➝ $295.00+20.07%
5/22/2024Robert W. Baird
2 of 5 stars
 Lower TargetOutperform ➝ Outperform$303.00 ➝ $272.00+11.87%
4 of 5 stars
 Reiterated RatingOverweight ➝ Sector Weight
2/23/2024Wells Fargo & Company
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 Boost TargetOverweight ➝ Overweight$290.00 ➝ $315.00+15.55%
10/5/2023BNP Paribas
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 Initiated CoverageOutperform$275.00+23.24%
9/26/2023Jefferies Financial Group
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 DowngradeBuy ➝ Hold$260.00 ➝ $240.00+7.02%
3/21/2023Loop Capital
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 Lower TargetHold$250.00 ➝ $225.00+8.09%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 10:19 PM ET.

NDSN Forecast - Frequently Asked Questions

What is Nordson's forecast for 2024?

According to the research reports of 6 Wall Street equities research analysts, the average twelve-month stock price forecast for Nordson is $279.40, with a high forecast of $315.00 and a low forecast of $240.00.

Should I buy or sell Nordson stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nordson in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" NDSN shares.

Does Nordson's stock price have much upside?

According to analysts, Nordson's stock has a predicted upside of 15.57% based on their 12-month stock forecasts.

What analysts cover Nordson?

Nordson has been rated by research analysts at DA Davidson, and Robert W. Baird in the past 90 days.

Do Wall Street analysts like Nordson more than its competitors?

Analysts like Nordson more than other "industrial products" companies. The consensus rating score for Nordson is 2.67 while the average consensus rating score for "industrial products" companies is 2.54. Learn more on how NDSN compares to other companies.

This page (NASDAQ:NDSN) was last updated on 7/21/2024 by Staff

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