77/100BAlcon stock forecast 2026–2030
Analysts' average 12-month price target for Alcon is 77.22, 3.1% above the current price of 74.93. Their targets range from 35.00 to 98.00.
Of the 11 firms that rated Alcon in the past 12 months, 7 rate it buy or strong buy, 3 hold and 1 sell or strong sell (each firm at its latest rating): a Buy consensus.
Analysts' 1-year price targets range from 35.00 to 98.00, with an average of 77.22.
| Strong buy | 0 | |
| Buy | 7 | |
| Hold | 3 | |
| Sell | 1 | |
| Strong sell | 0 |
12-month price target
| Highest target | 98.00 |
| Average target | 77.22 |
| Lowest target | 35.00 |
| Current price | 74.93 |
Alcon price target history
Have analysts recently raised or lowered their Alcon price target and rating?
How analysts rate Alcon, month by month
7 of 11 firms rate it buy now, against 6 of 10 in December 2025.
Each month: every firm at its latest rating from the 12 months before. Strong buys count as buys, strong sells as sells.
Alcon analyst upgrades, downgrades and price targets
The latest rating change came on 26 February 2026, when Wells Fargo upgraded Alcon from Equal Weight to Overweight. Its price target is 97.00. The most recent new target came from Needham on 2 November 2026: 98.00.
| Date | Firm | Rating | Price target | Change | Price then |
|---|---|---|---|---|---|
| 2 Nov 2026 | Needham David Saxon | Reiterated · Buy | 98.00 | — | 71.45 |
| 27 Oct 2026 | KeyBanc | Reiterated · Overweight | 84.00 | — | 69.99 |
| 12 Oct 2026 | BTIG | Reiterated · Buy | 82.00 → 74.00 | -9.8% | 64.14 |
| 6 Oct 2026 | Barclays Christopher Pasquale | — | 78.00 → 70.00 | -10.3% | 63.19 |
| 22 Sept 2026 | Jefferies Michael Sarcone | Reiterated · Buy | 85.00 | — | 65.35 |
| 13 Aug 2026 | BNP Paribas | — | 79.00 | — | 73.58 |
| 12 Aug 2026 | UBS | — | 91.00 → 35.00 | -61.5% | 72.87 |
| 12 Aug 2026 | Mizuho Securities Steve Lichtman | Reiterated · Outperform | 80.00 → 85.00 | +6.3% | 75.35 |
| 11 Aug 2026 | BTIG Ryan Zimmerman | Reiterated · Buy | 82.00 | — | 75.22 |
| 15 Jul 2026 | Mizuho Securities | Reiterated · Outperform | 80.00 | — | 66.86 |
| 2 Jul 2026 | Argus Research | — | 85.00 | — | 68.70 |
| 8 May 2026 | Barclays | Reiterated · Equal Weight | 86.00 → 78.00 | -9.3% | 63.88 |
| 6 May 2026 | Stifel Nicolaus | — | 82.00 → 70.00 | -14.6% | 65.50 |
| 9 Mar 2026 | Stifel Nicolaus | Reiterated · Hold | 80.00 → 82.00 | +2.5% | 81.85 |
| 26 Feb 2026 | Wells Fargo Larry Biegelsen | Upgraded · Equal Weight → Overweight | 97.00 | — | 86.27 |
| 9 Jan 2026 | Stifel Nicolaus | Downgraded · Buy → Hold | 85.00 → 80.00 | -5.9% | 80.62 |
| 11 Dec 2025 | B of A Securities | Downgraded · Buy → Underperform | — | — | — |
| 14 Nov 2025 | Bernstein Susannah Ludwig | — | 101.09 | — | 77.67 |
Alcon EPS and revenue estimates
Analysts expect Alcon's EPS to grow 31.1% a year until 2028.
Analysts expect Alcon's revenue to grow 6.1% a year until 2028, about as fast as over the last 5 years (8.8% a year) and the last 3 years (6.1%).
Revenue
EPS
Does Alcon beat earnings estimates?
On average, analysts' EPS estimate was 4.7% off the result, either way, and their revenue estimate 2.1%, over the last 12 quarters.
- EPS beats
- 20 / 30
- Revenue beats
- 17 / 30
- Average EPS surprise, last 12
- +3.6%
- Since
- May 2019
| Quarter | Report date | EPS estimate | Reported EPS | Surprise | Revenue estimate | Reported revenue | Surprise |
|---|---|---|---|---|---|---|---|
| Q2 FY2026 | 10 Aug 2026 | 0.77 | 0.84 | +9.1% | 2.72B | 2.79B | +2.5% |
| Q1 FY2026 | 5 May 2026 | 0.80 | 0.85 | +6.2% | 2.64B | 2.65B | +0.4% |
| Q4 FY2025 | 24 Feb 2026 | 0.79 | 0.78 | -1.3% | 2.69B | 2.64B | -1.9% |
| Q3 FY2025 | 11 Nov 2025 | 0.77 | 0.79 | +2.6% | 2.71B | 2.61B | -3.6% |
| Q2 FY2025 | 19 Aug 2025 | 0.71 | 0.76 | +7.0% | 2.65B | 2.60B | -2.1% |
| Q1 FY2025 | 13 May 2025 | 0.76 | 0.73 | -3.9% | 2.63B | 2.47B | -5.8% |
| Q4 FY2024 | 25 Feb 2025 | 0.70 | 0.72 | +2.9% | 2.47B | 2.50B | +1.4% |
| Q3 FY2024 | 12 Nov 2024 | 0.72 | 0.81 | +12.5% | 2.46B | 2.45B | -0.3% |
| Q2 FY2024 | 20 Aug 2024 | 0.74 | 0.74 | 0.0% | 2.52B | 2.51B | -0.4% |
| Q1 FY2024 | 13 May 2024 | 0.72 | 0.78 | +8.3% | 2.52B | 2.46B | -2.5% |
| Q4 FY2023 | 27 Feb 2024 | 0.68 | 0.69 | +1.5% | 2.42B | 2.48B | +2.4% |
| Q3 FY2023 | 14 Nov 2023 | 0.67 | 0.66 | -1.5% | 2.29B | 2.33B | +1.8% |
Alcon stock price 2026–2030: scenarios
If Alcon's earnings keep growing at the 13.4% a year analysts expect to FY2028, it would earn about 5.74 a share in FY2030. At the P/E it has traded at over the last five years (39.5 to 113.1) that is 226.61 to 649.85 a share, or 383.93 at its average P/E of 66.8. This is arithmetic on the analysts' estimates, not a prediction.
| Fiscal year | EPS | Bear | Base | Bull |
|---|---|---|---|---|
| FY2026 | 3.50 | 138.23 | 234.19 | 396.41 |
| FY2027 | 3.96 | 156.08 | 264.42 | 447.58 |
| FY2028 | 4.46 | 176.16 | 298.44 | 505.16 |
| FY2029 (extrapolated) | 5.06 | 199.80 | 338.50 | 572.96 |
| FY2030 (extrapolated) | 5.74 | 226.61 | 383.93 | 649.85 |
Each year's EPS is the analysts' consensus to FY2028; the years after continue its 13.4% a year. Bear, base and bull apply the lowest, average and highest P/E of the last five fiscal year ends (39.5, 66.8, 113.1).
Is Alcon stock undervalued or overvalued?
Alcon's P/E of 57.6 is around the middle of its 5-year range (35.7 to 131.3, median 61.7). It is in line with its own history. At its usual P/E (61.7 × EPS of 1.30), Alcon's fair value is 80.19; the price, 74.93, is 6.6% below it. Its forward P/E, on the consensus for FY2026, is 21.4.
Fair value is the usual (median) P/E of the last five years times the earnings per share of the last twelve months; the ends of the bar are the same earnings at its lowest and highest P/E of those years (35.7 and 131.3). The price against its P/E range
- Price to earnings ratio (TTM)
- 57.64
- Five-year median P/E
- 61.69
- Five-year P/E range
- 35.7 – 131.3
- Forward P/E (FY2026)
- 21.39
- PEG ratio
- 4.29
- To the average target
- +3.1%
Most undervalued US stocks
| Stock | Price | Fair value | Upside |
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| 99.090 | 195.09146Price 99.09244 | +96.9% | |
| 186.680 | 359.93270Price 186.68450 | +92.8% | |
| 213.670 | 405.66304Price 213.67507 | +89.9% | |
| 161.160 | 305.51157Price 161.16396 | +89.6% | |
| 42.225 | 79.0244Price 42.23157 | +87.1% | |
| 160.650 | 299.85225Price 160.65375 | +86.6% | |
| 108.445 | 201.41108Price 108.45248 | +85.7% |
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