Novartis (NVS) Stock Forecast & Price Target

Q: What analysts cover Novartis?

Novartis has been rated by research analysts at Citigroup , Deutsche Bank Aktiengesellschaft , HSBC , Royal Bank Of Canada , and Weiss Ratings in the past 90 days.

$145.17 +1.60 (+1.12%)

As of 03:35 PM Eastern

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Novartis - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Hold

Based on 16 Analyst Ratings

Sell
0

Hold
10

Buy
6

Based on 16 Wall Street analysts who have issued ratings for Novartis in the last 12 months, the stock has a consensus rating of "Hold." Out of the 16 analysts, 10 have given a hold rating, and 6 have given a buy rating for NVS.

Consensus Price Target

$153.00
5.39% Upside

According to the 16 analysts' twelve-month price targets for Novartis, the average price target is $153.00. The highest price target for NVS is $180.00, while the lowest price target for NVS is $126.00. The average price target represents a forecasted upside of 5.39% from the current price of $145.17.

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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NVS Analyst Ratings Over Time

Type	Current Forecast 9/25/25 to 9/25/26	1 Month Ago 8/26/25 to 8/26/26	3 Months Ago 6/27/25 to 6/27/26	1 Year Ago 9/25/24 to 9/25/25
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	6 Buy rating(s)	7 Buy rating(s)	7 Buy rating(s)	1 Buy rating(s)
Hold	10 Hold rating(s)	7 Hold rating(s)	7 Hold rating(s)	4 Hold rating(s)
Sell	0 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)	3 Sell rating(s)
Consensus Price Target	$153.00	$141.20	$141.20	$120.33
Forecasted Upside	5.39% Upside	-10.47% Downside	-9.08% Downside	-1.64% Downside
Consensus Rating	Hold	Hold	Hold	Hold

NVS 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.

NVS 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.

Novartis Stock vs. The Competition

Type	Novartis	Healthcare Companies	Broader Market
Consensus Rating Score	2.38	2.31	2.53
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	5.86% Upside	750.86% Upside	19.49% Upside
News Sentiment Rating	Positive News See Recent NVS News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

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Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
9/10/2026	HSBC 3 of 5 stars	Rajesh Kumar Not Rated	Upgrade	Reduce ➝ Hold	$123.00 ➝ $136.00	-1.10%
9/8/2026	Deutsche Bank Aktiengesellschaft 2 of 5 stars		Downgrade	Buy ➝ Hold
9/8/2026	Royal Bank Of Canada 3 of 5 stars		Initiated Coverage	Sector Perform
7/24/2026	Weiss Ratings Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Buy (B)
7/22/2026	Citigroup Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Buy
3/26/2026	Morgan Stanley Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Mark Purcell Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Overweight	$143.00 ➝ $170.00	+13.10%
3/19/2026	Sanford C. Bernstein Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold
3/11/2026	Argus Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold ➝ Buy	$180.00	+11.36%
2/17/2026	TD Cowen Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Hold
2/9/2026	DZ Bank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Strong-Buy ➝ Hold
Get the Latest News and Ratings for NVS and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Novartis and its competitors with MarketBeat's FREE daily newsletter.
1/6/2026	Barclays Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Emmanuel Papada Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Underweight ➝ Equal Weight
12/8/2025	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	Upgrade	Neutral ➝ Overweight
11/25/2025	Bank of America Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Neutral ➝ Buy
10/29/2025	Cfra Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Wan Nurhayati Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Set Target	Hold	$126.00	+2.09%
10/27/2025	HC Wainwright Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Neutral
10/27/2025	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	Reiterated Rating	Hold
9/12/2025	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	Neutral ➝ Sell	$119.00 ➝ $118.00	-7.54%
4/15/2025	BNP Paribas Exane Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Peter Verdult Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Strong-Buy
2/13/2025	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	Reiterated Rating	Buy ➝ Neutral
11/19/2024	Erste Group Bank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Buy ➝ Hold
10/30/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Market Perform	$118.00 ➝ $120.00	+8.53%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 03:35 PM ET.

Should I Buy Novartis Stock? NVS 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 Thursday, September 24, 2026. Please send any questions or comments about these Novartis pros and cons to contact@marketbeat.com.

Novartis
Bull Case

Here are some ways that investors could benefit from investing in Novartis AG:

Novartis AG recently secured a positive opinion from the European Medicines Agency's Committee for Medicinal Products for Human Use for Cosentyx in the treatment of polymyalgia rheumatica, a significant regulatory milestone that expands the drug's market potential in the EU with a final decision expected by November 2026.
The company demonstrated strong financial performance in its most recent quarterly report, posting earnings per share of $2.41 and revenue of $14.95 billion, which reflects a robust net margin of 23.29% and a return on equity of 38.56%, indicating efficient capital utilization and profitability.
Novartis AG is currently trading at $143.48, which is below the consensus price target of $153.00 set by Wall Street analysts, suggesting potential upside for investors as the stock remains undervalued relative to professional forecasts despite recent volatility.
The company is actively strengthening its pipeline through strategic acquisitions, such as the $125 million purchase of Sironax technology to enhance blood-brain barrier drug delivery, which positions Novartis AG to develop more effective neuroscience therapies in the future.
Novartis AG offers a stable dividend yield of 2.18%, providing income-focused investors with a reliable cash flow stream while the company maintains a low beta of 0.45, which indicates lower volatility compared to the broader market.

Novartis
Bear Case

Investors should be bearish about investing in Novartis AG for these reasons:

Novartis AG has faced a series of recent clinical setbacks, including the discontinuation of its ALS drug lifonebart after failing to meet endpoints in a Phase II trial, which raises concerns about the efficiency and success rate of its research and development pipeline.
The stock experienced a significant gap down of approximately 20% on September 8, 2026, dropping from a previous close of $159.99 to $139.49, reflecting sharp negative market sentiment and potential risk aversion among investors following recent news.
Wall Street analysts have issued mixed signals, with Deutsche Bank downgrading the stock from "buy" to "hold" and HSBC only raising its rating to "hold" with a target price of $136.00, which is below the current trading price, indicating a lack of strong bullish conviction from major financial institutions.
Novartis AG's Lp(a)-lowering drug, pelacarsen, has faced competitive headwinds as the company shook up the multibillion-dollar drug race, potentially impacting its market share and revenue projections in the cardiovascular and metabolic therapeutic areas.
The company's debt-to-equity ratio stands at 0.89, which, while manageable, indicates a moderate level of leverage that could constrain financial flexibility during periods of economic uncertainty or if interest rates remain elevated.

NVS Forecast - Frequently Asked Questions

According to the research reports of 16 Wall Street equities research analysts, the average twelve-month stock price forecast for Novartis is $153.00, with a high forecast of $180.00 and a low forecast of $126.00.

16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Novartis in the last year. There are currently 10 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" NVS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NVS, but not buy additional shares or sell existing shares.

According to analysts, Novartis's stock has a predicted upside of 5.39% based on their 12-month stock forecasts.

Over the previous 90 days, Novartis's stock had 2 upgrades and 1 downgrade by analysts.

Novartis has been rated by research analysts at Citigroup, Deutsche Bank Aktiengesellschaft, HSBC, Royal Bank Of Canada, and Weiss Ratings in the past 90 days.

Analysts like Novartis more than other "healthcare" companies. The consensus rating score for Novartis is 2.38 while the average consensus rating score for "healthcare" companies is 2.31. Learn more on how NVS compares to other companies.

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MarketBeat monitors more than a dozen sources for Novartis analyst ratings, with the most recent rating issued on 9/10/2026.

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Novartis (NVS) Stock Forecast & Price Target