Novartis Forecast, price target & analysts
Novartis Target price 2025 - Analyst rating & recommendation
Novartis Classifications & Recommendation:
Novartis Price Target
| Target Price | CHF107.61 |
| Price | CHF97.77 |
| Potential | 10.06% |
| Number of Estimates | 24 |
| 24 Analysts have issued a price target Novartis 2026 . The average Novartis target price is CHF107.61. This is 10.06% higher than the current stock price. The highest price target is CHF126.00 28.87% , the lowest is CHF80.80 17.36% . | |
| A rating was issued by 31 analysts: 13 Analysts recommend Novartis to buy, 15 to hold and 3 to sell. | |
| Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis. | |
| Analyst Estimates: Analysts believe that the Novartis stock has an average upside potential 2026 of 10.06% . Most analysts recommend the Novartis stock at Hold. |
Sales and Margin forecast 2025, 2026 to 2032
22 Analysts have issued a sales forecast Novartis 2025 . The average Novartis sales estimate is CHF44.8b . This is 2.76% higher than the revenue of the last 12 months(TTM). The highest sales forecast is CHF48.4b 10.98% , the lowest is CHF41.1b 5.80% .
This results in the following potential growth metrics:
Revenue Estimates
| 2024 | CHF41.1b | 10.85% |
|---|---|---|
| 2025 | CHF44.8b | 8.96% |
| 2026 | CHF45.9b | 2.52% |
| 2027 | CHF47.4b | 3.13% |
| 2028 | CHF49.0b | 3.32% |
| 2029 | CHF50.4b | 3.00% |
| 2030 | CHF51.6b | 2.31% |
| 2031 | CHF48.7b | 5.57% |
| 2032 | CHF44.7b | 8.20% |
20 Analysts have issued an Novartis EBITDA forecast 2025. The average Novartis EBITDA estimate is CHF18.0b . This is 21.78% higher than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is CHF19.7b 33.03% , the lowest is CHF13.6b 8.17% .
This results in the following potential growth metrics and future EBITDA Margins:
EBITDA Estimates
| 2024 | CHF13.1b | 26.63% |
|---|---|---|
| 2025 | CHF18.0b | 37.09% |
| 2026 | CHF18.4b | 2.15% |
| 2027 | CHF19.1b | 3.55% |
| 2028 | CHF20.8b | 8.90% |
| 2029 | CHF21.6b | 4.12% |
| 2030 | CHF23.5b | 8.86% |
| 2031 | CHF18.5b | 21.47% |
| 2032 | CHF16.3b | 11.98% |
EBITDA Margin
| 2024 | 31.96% | 14.24% |
|---|---|---|
| 2025 | 40.21% | 25.82% |
| 2026 | 40.06% | 0.37% |
| 2027 | 40.23% | 0.42% |
| 2028 | 42.40% | 5.39% |
| 2029 | 42.86% | 1.08% |
| 2030 | 45.61% | 6.42% |
| 2031 | 37.93% | 16.84% |
| 2032 | 36.36% | 4.14% |
25 Novartis Analysts have issued a net profit forecast 2025. The average Novartis net profit estimate is CHF14.0b . This is 28.77% higher than the net profit for the last 12 months(TTM). The highest net profit forecast is CHF14.9b 37.55% , the lowest is CHF12.5b 15.32% .
This results in the following potential growth metrics and future Net Margins:
Net Profit Estimates
| 2024 | CHF9.5b | 19.59% |
|---|---|---|
| 2025 | CHF14.0b | 47.24% |
| 2026 | CHF14.5b | 3.96% |
| 2027 | CHF15.7b | 7.89% |
| 2028 | CHF16.5b | 5.22% |
| 2029 | CHF17.1b | 3.76% |
| 2030 | CHF17.8b | 4.10% |
| 2031 | CHF18.5b | 3.96% |
| 2032 | CHF16.8b | 9.36% |
Net Margin
| 2024 | 23.09% | 27.46% |
|---|---|---|
| 2025 | 31.20% | 35.14% |
| 2026 | 31.64% | 1.41% |
| 2027 | 33.10% | 4.61% |
| 2028 | 33.70% | 1.81% |
| 2029 | 33.95% | 0.74% |
| 2030 | 34.55% | 1.77% |
| 2031 | 38.04% | 10.10% |
| 2032 | 37.55% | 1.29% |
Earnings per share, P/E ratio and EV/sales Estimates 2025, 2026 to 2032
25 Analysts have issued a Novartis forecast for earnings per share. The average Novartis EPS is CHF7.22 . This is 30.56% higher than earnings per share in the financial year 2024. The highest EPS forecast is CHF7.72 39.60% , the lowest is CHF6.47 17.00% .
This results in the following potential growth metrics and future valuations:
Earnings Per Share
| 2024 | CHF4.67 | 17.20% |
|---|---|---|
| 2025 | CHF7.22 | 54.60% |
| 2026 | CHF7.51 | 4.02% |
| 2027 | CHF8.10 | 7.86% |
| 2028 | CHF8.52 | 5.19% |
| 2029 | CHF8.84 | 3.76% |
| 2030 | CHF9.21 | 4.19% |
| 2031 | CHF9.57 | 3.91% |
| 2032 | CHF8.68 | 9.30% |
P/E ratio
| Current | 17.68 | 17.61% |
|---|---|---|
| 2025 | 13.54 | 23.42% |
| 2026 | 13.02 | 3.84% |
| 2027 | 12.07 | 7.30% |
| 2028 | 11.47 | 4.97% |
| 2029 | 11.05 | 3.66% |
| 2030 | 10.62 | 3.89% |
| 2031 | 10.21 | 3.86% |
| 2032 | 11.27 | 10.38% |
Based on analysts' sales estimates for 2025, the Novartis stock is valued at an EV/Sales of 4.56 and an P/S ratio of 4.11 .
This results in the following potential growth metrics and future valuations:
EV/Sales
| Current | 4.69 | 18.43% |
|---|---|---|
| 2025 | 4.56 | 2.75% |
| 2026 | 4.45 | 2.46% |
| 2027 | 4.31 | 3.03% |
| 2028 | 4.18 | 3.22% |
| 2029 | 4.05 | 2.91% |
| 2030 | 3.96 | 2.26% |
| 2031 | 4.20 | 5.90% |
| 2032 | 4.57 | 8.93% |
P/S ratio
| Current | 4.22 | 20.66% |
|---|---|---|
| 2025 | 4.11 | 2.69% |
| 2026 | 4.01 | 2.46% |
| 2027 | 3.88 | 3.03% |
| 2028 | 3.76 | 3.22% |
| 2029 | 3.65 | 2.91% |
| 2030 | 3.57 | 2.25% |
| 2031 | 3.78 | 5.90% |
| 2032 | 4.12 | 8.94% |
Current Novartis Upgrades & Downgrades
| Analyst | Rating | Action | Date |
|---|---|---|---|
| BERENBERG |
Hold
➜
Hold
|
Unchanged | Sep 16 2025 |
| GUGGENHEIM SECURITIES LLC |
Neutral
➜
Neutral
|
Unchanged | Sep 09 2025 |
| DAY BY DAY |
Hold
➜
Buy
|
Upgrade | Sep 08 2025 |
| JEFFERIES |
Hold
➜
Hold
|
Unchanged | Sep 02 2025 |
| TD COWEN |
Hold
➜
Hold
|
Unchanged | Aug 12 2025 |
| INTESA SANPAOLO EQUITY RESEARCH |
Buy
➜
Buy
|
Unchanged | Aug 08 2025 |
| LANDESBANK BADEN-WUERTTEMBERG |
Hold
➜
Hold
|
Unchanged | Jul 23 2025 |
| Analyst Rating | Date |
|---|---|
|
Unchanged
BERENBERG:
Hold
➜
Hold
|
Sep 16 2025 |
|
Unchanged
GUGGENHEIM SECURITIES LLC:
Neutral
➜
Neutral
|
Sep 09 2025 |
|
Upgrade
DAY BY DAY:
Hold
➜
Buy
|
Sep 08 2025 |
|
Unchanged
JEFFERIES:
Hold
➜
Hold
|
Sep 02 2025 |
|
Unchanged
TD COWEN:
Hold
➜
Hold
|
Aug 12 2025 |
|
Unchanged
INTESA SANPAOLO EQUITY RESEARCH:
Buy
➜
Buy
|
Aug 08 2025 |
|
Unchanged
LANDESBANK BADEN-WUERTTEMBERG:
Hold
➜
Hold
|
Jul 23 2025 |
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