60/100BNovo-Nordisk A stock forecast 2026–2030What is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Analysts' average 12-month price target for Novo-Nordisk A/S is 42.33, 3.2% above the current price of 41.00. Their targets range from 40.00 to 47.00.
Of the 6 firms that rated Novo-Nordisk A/S in the past 12 months, 0 rate it buy or strong buy, 5 hold and 1 sell or strong sell (each firm at its latest rating): a Hold consensus.
Analysts' 1-year price targets range from 40.00 to 47.00, with an average of 42.33.
| Buy | 0 | |
| Hold | 5 | |
| Sell | 1 |
12-month price target
| Highest target | 47.00 |
| Average target | 42.33 |
| Lowest target | 40.00 |
| Current price | 41.00 |
Novo-Nordisk A price target historyWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Have analysts recently raised or lowered their Novo-Nordisk A/S price target and rating?
How analysts rate Novo-Nordisk A, month by monthWhat is the analyst rating? The analyst rating sums up what the analysts covering a stock recommend, from strong buy to strong sell, by the share of them rating it a buy.
0 of 6 firms rate it buy now, against 3 of 9 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.
Novo-Nordisk A analyst upgrades, downgrades and price targets
The latest rating change came on 11 September 2026, when Morgan Stanley downgraded Novo-Nordisk A/S from Equal Weight to Underweight. Its price target is 40.00, from 42.00. The most recent new target came from BMO Capital on 12 October 2026: 40.00.
| Date | Firm | Rating | Price target | Change | Price then |
|---|---|---|---|---|---|
| 12 Oct 2026 | BMO Capital | Reiterated · Market Perform | 47.00 → 40.00 | -14.9% | 38.45 |
| 11 Sept 2026 | Morgan Stanley Thibault Boutherin | Downgraded · Equal Weight → Underweight | 42.00 → 40.00 | -4.8% | 44.01 |
| 12 Aug 2026 | Berenberg Bank Kerry Holford | — | 47.00 | — | 47.17 |
| 6 Aug 2026 | BMO Capital Evan Seigerman | — | 45.00 → 47.00 | +4.4% | 44.51 |
| 2 Mar 2026 | Goldman Sachs | Downgraded · Buy → Neutral | — | — | — |
| 24 Feb 2026 | JP Morgan | Downgraded · Overweight → Neutral | — | — | — |
| 5 Feb 2026 | BMO Capital | — | 57.00 → 45.00 | -21.1% | 47.19 |
| 26 Jan 2026 | BMO Capital Evan Seigerman | — | 46.00 → 57.00 | +23.9% | 63.80 |
| 10 Dec 2025 | HSBC | — | 70.00 → 54.00 | -22.9% | 46.36 |
| 8 Dec 2025 | Argus Research | Downgraded · Buy → Hold | — | — | — |
| 3 Dec 2025 | Morgan Stanley Thibault Boutherin | — | 47.00 → 42.00 | -10.6% | 47.43 |
| 25 Nov 2025 | BMO Capital Evan Seigerman | Reiterated · Market Perform | 55.00 → 46.00 | -16.4% | 44.97 |
| 24 Nov 2025 | HSBC | Downgraded · Buy → Hold | — | — | — |
Novo-Nordisk A EPS and revenue estimatesWhat are estimate revisions? Estimate revisions are the changes analysts make to their EPS and revenue forecasts for the years ahead. They show whether expectations are rising or falling.
Analysts expect Novo-Nordisk A/S's EPS to grow 2.0% a year until 2028, slower than over the last 5 years (20.6% a year) and the last 3 years (23.5%).
Analysts expect Novo-Nordisk A/S's revenue to grow 2.6% a year until 2028, slower than over the last 5 years (19.5% a year) and the last 3 years (20.4%).
Revenue
EPS
Does Novo-Nordisk A beat earnings estimates?What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
On average, analysts' EPS estimate was 11.3% off the result, either way, and their revenue estimate 3.7%, over the last 12 quarters.
- EPS beats
- 39 / 58
- Revenue beats
- 36 / 54
- Average EPS surprise, last 12What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
- +10.3%
- Since
- December 1994
| Quarter | Report date | EPS estimate | Reported EPS | Surprise | Revenue estimate | Reported revenue | Surprise |
|---|---|---|---|---|---|---|---|
| Q3 FY2026 | 4 Nov 2026 | 0.73 | 0.89 | +21.8% | 11.07B | 11.90B | +7.5% |
| Q2 FY2026 | 5 Aug 2026 | 0.82 | 0.96 | +17.1% | 10.89B | 12.13B | +11.4% |
| Q1 FY2026 | 6 May 2026 | 0.87 | 1.04 | +19.5% | 10.86B | 11.02B | +1.5% |
| Q4 FY2025 | 3 Feb 2026 | 0.90 | 1.00 | +11.1% | 12.13B | 12.50B | +3.1% |
| Q3 FY2025 | 5 Nov 2025 | 0.77 | 1.02 | +32.5% | 11.94B | 11.53B | -3.5% |
| Q2 FY2025 | 6 Aug 2025 | 0.93 | 0.97 | +4.3% | 11.92B | 11.97B | +0.4% |
| Q1 FY2025 | 7 May 2025 | 0.92 | 0.92 | 0.0% | 11.70B | 11.90B | +1.7% |
| Q4 FY2024 | 5 Feb 2025 | 0.88 | 0.91 | +3.4% | 11.55B | 11.86B | +2.7% |
| Q3 FY2024 | 6 Nov 2024 | 0.87 | 0.88 | +1.4% | 10.48B | 10.68B | +1.9% |
| Q2 FY2024 | 7 Aug 2024 | 0.70 | 0.66 | -5.9% | 10.04B | 9.80B | -2.4% |
| Q1 FY2024 | 2 May 2024 | 0.74 | 0.82 | +10.5% | 9.07B | 9.38B | +3.4% |
| Q4 FY2023 | 31 Jan 2024 | 0.66 | 0.71 | +7.6% | 9.15B | 9.60B | +4.9% |
Novo-Nordisk A stock price 2026–2030: scenariosHow are the stock price scenarios calculated? Bear, base and bull prices for the years ahead: the analysts' EPS estimates times the lowest, average and highest P/E of the stock today and at its last five year ends, or of its peers.
If Novo-Nordisk A/S's earnings keep growing at the -2.6% a year analysts expect to FY2028, it would earn about 3.43 a share in FY2030. At the P/E it has traded at over the last five years (10.9 to 38.3) that is 37.37 to 131.62 a share, or 93.37 at its average P/E of 27.2. This is arithmetic on the analysts' estimates, not a prediction.
| Fiscal year | EPS | Bear | Base | Bull |
|---|---|---|---|---|
| FY2026 | 3.39 | 36.93 | 92.25 | 130.04 |
| FY2027 | 3.34 | 36.42 | 90.97 | 128.24 |
| FY2028 | 3.62 | 39.37 | 98.37 | 138.66 |
| FY2029 (extrapolated) | 3.52 | 38.36 | 95.83 | 135.09 |
| FY2030 (extrapolated) | 3.43 | 37.37 | 93.37 | 131.62 |
Each year's EPS is the analysts' consensus to FY2028; the years after grow -2.6% a year (the analysts' growth, at most 15%). Bear, base and bull apply the lowest, average and highest P/E of today and the last five fiscal year ends, leaving out any above 60, the mark of a year of collapsed earnings (10.9, 27.2, 38.3).
Is Novo-Nordisk A stock undervalued or overvalued?How does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
Novo-Nordisk A/S's P/E of 10.9 is near the bottom of its 5-year range (9.3 to 50.6, median 35.1). Analysts expect slower growth than in recent years, so the low P/E may be deserved. Buyers pay more for each point of growth than usual: a PEG of 5.4 on expected growth against 1.7 on its median P/E and past five years' growth. Fair value is not a reliable guide for Novo-Nordisk A/S: analysts expect EPS growth of 2.0% a year against 22.1% before, so its past P/E no longer describes it. Its forward P/E, on the consensus for FY2026, is 12.1.
- Price to earnings ratio (TTM)What is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 10.89
- Five-year median P/EWhat is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 35.13
- Five-year P/E range
- 9.3 – 50.6
- Forward P/E (FY2026)What is the forward P/E ratio? Forward P/E divides a share's price by the earnings per share analysts expect in the coming year, rather than last year's actual earnings.
- 12.09
- To the average targetWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
- +3.2%
Most undervalued US stocksHow does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
| Stock | Price | Fair value | Upside |
|---|---|---|---|
| 35.850 | 71.4258Price 35.85193 | +99.2% | |
| 29.050 | 56.2634Price 29.0596 | +93.7% | |
| 241.000 | 464.49205Price 241.00627 | +92.7% | |
| 123.590 | 237.24178Price 123.59297 | +92.0% | |
| 161.400 | 305.52159Price 161.40396 | +89.3% | |
| 157.460 | 297.58169Price 157.46471 | +89.0% | |
| 217.560 | 405.38304Price 217.56507 | +86.3% |
Furthest below the fair value on each stock's page, updated every day.