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

Novo Nordisk A/S logo
$44.87 +0.48 (+1.08%)
Closing price 05/5/2026 03:59 PM Eastern
Extended Trading
$45.17 +0.30 (+0.66%)
As of 05/5/2026 08:00 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.

Novo Nordisk A/S - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Sell
1
Hold
18
Buy
4

Based on 23 Wall Street analysts who have issued ratings for Novo Nordisk A/S in the last 12 months, the stock has a consensus rating of "Hold." Out of the 23 analysts, 1 has given a sell rating, 18 have given a hold rating, and 4 have given a buy rating for NVO.

Consensus Price Target

$65.56
46.12% Upside
According to the 23 analysts' twelve-month price targets for Novo Nordisk A/S, the average price target is $65.56. The highest price target for NVO is $175.00, while the lowest price target for NVO is $40.00. The average price target represents a forecasted upside of 46.12% from the current price of $44.87.
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.
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NVO Analyst Ratings Over Time

TypeCurrent Forecast
5/6/25 to 5/6/26
1 Month Ago
4/6/25 to 4/6/26
3 Months Ago
2/5/25 to 2/5/26
1 Year Ago
5/6/24 to 5/6/25
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
1 Strong Buy rating(s)
Buy
4 Buy rating(s)
4 Buy rating(s)
7 Buy rating(s)
5 Buy rating(s)
Hold
18 Hold rating(s)
19 Hold rating(s)
11 Hold rating(s)
5 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
3 Sell rating(s)
2 Sell rating(s)
Consensus Price Target$65.56$65.56$57.79$135.00
Forecasted Upside46.12% Upside78.82% Upside33.41% Upside103.55% Upside
Consensus RatingHoldHoldHoldHold

NVO 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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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.
Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table

Novo Nordisk A/S Stock vs. The Competition

TypeNovo Nordisk A/SMedical CompaniesS&P 500
Consensus Rating Score
2.13
2.30
2.52
Consensus RatingHoldHoldModerate Buy
Predicted Upside45.82% Upside887.21% Upside14.75% Upside
News Sentiment Rating
Neutral News

See Recent NVO News
Positive News
Positive News
DateBrokerageAnalystActionRatingPrice TargetReport Date
Upside/Downside
Details
4/22/2026 DowngradeHold (C-)Sell (D+)
3/26/2026
Wolfe Research logo
Wolfe Research
4 of 5 stars
 Initiated CoveragePeer Perform
3/18/2026 Initiated CoverageOutperform$175.00+367.93%
3/10/2026 UpgradeStrong SellHold
3/10/2026 DowngradeBuyHold$42.00+5.60%
3/3/2026UpgradeUnderweightEqual Weight$40.00+5.99%
3/2/2026Reiterated RatingBuyNeutral$63.00 ➝ $41.00+9.34%
2/24/2026 DowngradeHold
2/24/2026Reiterated RatingOverweightNeutral
2/24/2026 DowngradeBuyHold
2/23/2026 DowngradeBuyHold
2/12/2026UpgradeUnderperformHold
2/5/2026Reiterated RatingMarket Perform
1/27/2026 Initiated CoverageNeutral
1/9/2026 Initiated CoverageOutperform$73.50+28.19%
12/10/2025Reiterated RatingHold$54.00+16.58%
12/8/2025Reiterated RatingBuyHold
9/17/2025UpgradeHoldBuy
9/16/2025 UpgradeNeutralBuy
8/22/2025 UpgradeStrong SellHold
8/13/2025 UpgradeUnderperformNeutral
8/5/2025DowngradeBuyNeutral
7/30/2025Reiterated RatingOverweightEqual Weight
4/17/2025DowngradeStrong-BuyHold
3/3/2025 DowngradeBuyHold
11/6/2024 Reiterated RatingOverweight$160.00 ➝ $160.00+49.39%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 01:28 AM ET.


Should I Buy Novo Nordisk A/S Stock? NVO Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, May 3, 2026. Please send any questions or comments about these Novo Nordisk A/S pros and cons to contact@marketbeat.com.

Novo Nordisk A/S
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in Novo Nordisk:

  • Recent expansion of Wegovy HD (higher-dose 7.2 mg) in the U.S. market enhances revenue potential and strengthens competitive positioning against rivals.
  • The ongoing share repurchase program, valued at up to DKK 15 billion over 12 months, supports earnings per share (EPS) and provides balance-sheet stability amid revenue pressures.
  • Institutional investment has surged, with significant increases in stakes from major firms, indicating strong confidence in the company's future performance.
  • The current stock price is around $65, reflecting a potential opportunity for investors looking to enter at a favorable valuation.
  • Analysts maintain a generally positive outlook, with a majority rating the stock as a "Hold," suggesting stability and potential for growth.

Novo Nordisk A/S
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in Novo Nordisk for these reasons:

  • Concerns over near-term growth have emerged, with a notable decline in share price attributed to a weaker outlook for 2026 and increased competition in the GLP-1 market.
  • Pricing pressures from competitors could constrain revenue and margins, impacting overall profitability in the short term.
  • Recent analyst downgrades from "buy" to "hold" by several brokerages may indicate a cautious sentiment regarding the stock's near-term performance.
  • Market volatility has led to reassessments of long-term growth prospects, which could temper investor enthusiasm and momentum.
  • Increased scrutiny on valuation following significant price swings may lead to uncertainty among potential investors.

NVO Forecast - Frequently Asked Questions

According to the research reports of 23 Wall Street equities research analysts, the average twelve-month stock price forecast for Novo Nordisk A/S is $65.56, with a high forecast of $175.00 and a low forecast of $40.00.

23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Novo Nordisk A/S in the last year. There is currently 1 sell rating, 18 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" NVO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NVO, but not buy additional shares or sell existing shares.

According to analysts, Novo Nordisk A/S's stock has a predicted upside of 46.12% based on their 12-month stock forecasts.

Over the previous 90 days, Novo Nordisk A/S's stock had 7 downgrades and 5 upgrades by analysts.

Analysts like Novo Nordisk A/S less than other "medical" companies. The consensus rating score for Novo Nordisk A/S is 2.13 while the average consensus rating score for "medical" companies is 2.30. Learn more on how NVO compares to other companies.


This page (NYSE:NVO) was last updated on 5/6/2026 by MarketBeat.com Staff.
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