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

$44.62 -0.54 (-1.19%)

Closing price 03:59 PM Eastern

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$44.63 +0.01 (+0.02%)

As of 07:59 PM Eastern

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

Consensus Rating

Hold

Based on 19 Analyst Ratings

Sell
1

Hold
14

Buy
4

Based on 19 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 19 analysts, 1 has given a sell rating, 14 have given a hold rating, and 4 have given a buy rating for NVO.

Consensus Price Target

$64.94
45.53% Upside

According to the 19 analysts' twelve-month price targets for Novo Nordisk A/S, the average price target is $64.94. 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 45.53% from the current price of $44.62.

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

Type	Current Forecast 9/9/25 to 9/9/26	1 Month Ago 8/10/25 to 8/10/26	3 Months Ago 6/11/25 to 6/11/26	1 Year Ago 9/9/24 to 9/9/25
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	4 Buy rating(s)	5 Buy rating(s)	4 Buy rating(s)	4 Buy rating(s)
Hold	14 Hold rating(s)	15 Hold rating(s)	18 Hold rating(s)	9 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$64.94	$65.81	$65.56	$81.00
Forecasted Upside	45.53% Upside	38.29% Upside	49.08% Upside	49.23% Upside
Consensus Rating	Hold	Hold	Hold	Hold

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.

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	Healthcare Companies	Broader Market
Consensus Rating Score	2.16	2.30	2.53
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	45.53% Upside	920.95% Upside	16.48% Upside
News Sentiment Rating	Positive News See Recent NVO News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export

Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
8/27/2026	Deutsche Bank Aktiengesellschaft 2 of 5 stars		Downgrade	Hold ➝ Sell
8/12/2026	Berenberg Bank 2 of 5 stars	Kerry Holford Not Rated	Set Target		$47.00	-0.46%
8/11/2026	Zacks Research 5 of 5 stars		Upgrade	Strong Sell ➝ Hold
8/6/2026	BMO Capital Markets Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Market Perform	$47.00	+5.67%
8/5/2026	Weiss Ratings Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Sell (D+) ➝ Hold (C-)
7/20/2026	Citigroup Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Neutral
7/6/2026	HSBC Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Hold
6/19/2026	Nordea Equity Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold ➝ Buy
3/26/2026	Wolfe Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Initiated Coverage	Peer Perform
3/18/2026	Sanford C. Bernstein Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Initiated Coverage	Outperform	$175.00	+367.93%
Get the Latest News and Ratings for NVO and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Novo Nordisk A/S and its competitors with MarketBeat's FREE daily newsletter.
3/10/2026	TD Cowen Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Buy ➝ Hold	$42.00	+5.60%
3/3/2026	Morgan Stanley Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Thibault Boutherin Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Underweight ➝ Equal Weight	$40.00	+5.99%
3/2/2026	The Goldman Sachs Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	James Quigley Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Buy ➝ Neutral	$63.00 ➝ $41.00	+9.34%
2/24/2026	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Richard Vosser Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Overweight ➝ Neutral
2/24/2026	Kepler Capital Markets Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Buy ➝ Hold
2/12/2026	Jefferies Financial Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Michael Leuchten Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Underperform ➝ Hold
1/9/2026	CICC Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Initiated Coverage	Outperform	$73.50	+28.19%
12/8/2025	Argus Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	John Eade Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Buy ➝ Hold
9/16/2025	Rothschild & Co Redburn Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Neutral ➝ Buy
8/22/2025	Dbs Bank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Strong Sell ➝ Hold
8/13/2025	BNP Paribas Exane Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Underperform ➝ Neutral
8/5/2025	UBS Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Matthew Weston Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Downgrade	Buy ➝ Neutral
7/30/2025	Barclays Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Emily Field Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Overweight ➝ Equal Weight
4/17/2025	Guggenheim Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Seamus Fernandez Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
3/3/2025	Stifel Nicolaus Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Buy ➝ Hold
11/6/2024	Cantor Fitzgerald Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Overweight	$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 09:40 PM 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 Tuesday, September 8, 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

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

Novo Nordisk recently reported positive Phase 3 trial results for its semaglutide drug in children aged 6 to under 12, showing that 40.4% of participants were no longer classified as having obesity after 68 weeks, which opens a significant new market segment for the company's obesity treatments.
The stock is currently trading at $45.15, which is well below the consensus price target of $64.94, suggesting substantial upside potential for investors who believe the company's long-term growth story remains intact despite recent volatility.
Novo Nordisk maintains a strong financial profile with a net margin of 35.36% and a return on equity of 61.20% in its most recent quarterly results, indicating high profitability and efficient use of shareholder capital.
The company offers a dividend yield of 1.75%, providing a steady income stream for investors, supported by a payout ratio of 20.05% which leaves ample room for future dividend growth or reinvestment.
Novo Nordisk has a low beta of 0.74, meaning its stock price tends to be less volatile than the overall market, which can make it a more stable holding for risk-averse investors during periods of market uncertainty.

Novo Nordisk A/S
Bear Case

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

Novo Nordisk has halted two Phase 3 clinical trials for its heart disease drug ziltivekimab, representing a significant setback for its cardiovascular pipeline and potentially delaying the launch of new therapies in this area.
The stock has experienced significant volatility, recently gapping down by 4.21% on July 31, 2026, and trading below its 50-day moving average of $47.93, indicating short-term bearish momentum and potential investor concern.
Short interest in Novo Nordisk has increased, with 33,828,864 shares shorted as of August 14, 2026, a 14.97% increase from the previous month, suggesting that a significant portion of investors are betting against the stock's future performance.
Several major financial institutions have recently downgraded Novo Nordisk, including Deutsche Bank cutting its rating from "hold" to "sell" on August 27, 2026, and Wall Street Zen downgrading from "buy" to "hold" in June, reflecting growing skepticism among analysts.
The company faces intense competition in the obesity drug market, with rivals like Eli Lilly offering alternative treatments, which could pressure Novo Nordisk's market share and pricing power in its core growth segment.

NVO Forecast - Frequently Asked Questions

According to the research reports of 19 Wall Street equities research analysts, the average twelve-month stock price forecast for Novo Nordisk A/S is $64.94, with a high forecast of $175.00 and a low forecast of $40.00.

19 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Novo Nordisk A/S in the last twelve months. There is currently 1 sell rating, 14 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research 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 45.53% based on their 12-month stock forecasts.

Over the previous 90 days, Novo Nordisk A/S's stock had 3 upgrades and 3 downgrades by analysts.

Novo Nordisk A/S has been rated by research analysts at Berenberg Bank, BMO Capital Markets, Citigroup, Deutsche Bank Aktiengesellschaft, HSBC, Nordea Equity Research, Weiss Ratings, and Zacks Research in the past 90 days.

Analysts like Novo Nordisk A/S less than other "healthcare" companies. The consensus rating score for Novo Nordisk A/S is 2.16 while the average consensus rating score for "healthcare" companies is 2.30. Learn more on how NVO compares to other companies.

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MarketBeat monitors more than a dozen sources for Novo Nordisk A/S analyst ratings, with the most recent rating issued on 8/27/2026.

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

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

Consensus Rating

Consensus Price Target

NVO Analyst Ratings Over Time

NVO Analyst Recommendations By Month

NVO Price Targets by Month

Novo Nordisk A/S Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

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

Novo Nordisk A/S
Bull Case

Novo Nordisk A/S
Bear Case

NVO Forecast - Frequently Asked Questions

Stock Forecasts and Research Tools

Today's Analyst Ratings

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Brokerages With Novo Nordisk A/S Recommendations

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

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

Consensus Rating

Consensus Price Target

NVO Analyst Ratings Over Time

NVO Analyst Recommendations By Month

NVO Price Targets by Month

Novo Nordisk A/S Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

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

Novo Nordisk A/S Bull Case

Novo Nordisk A/S Bear Case

NVO Forecast - Frequently Asked Questions

What is Novo Nordisk A/S's forecast for 2026?

Should I buy or sell Novo Nordisk A/S stock right now?

Does Novo Nordisk A/S's stock price have much upside?

Has Novo Nordisk A/S been upgraded or downgraded by Wall Street analysts recently?

What analysts cover Novo Nordisk A/S?

Do Wall Street analysts like Novo Nordisk A/S more than its competitors?

Stock Forecasts and Research Tools

Today's Analyst Ratings

Top-Rated Stocks

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Brokerages With Novo Nordisk A/S Recommendations

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

Novo Nordisk A/S
Bull Case

Novo Nordisk A/S
Bear Case