Novartis Forecast, price target & analysts
Novartis Target price 2025 - Analyst rating & recommendation
Novartis Classifications & Recommendation:
Novartis Price Target
| Target Price | CHF107.61 |
| Price | CHF99.27 |
| Potential | 8.40% |
| Number of Estimates | 24 |
| 24 Analysts have issued a price target Novartis 2026 . The average Novartis target price is CHF107.61. This is 8.40% higher than the current stock price. The highest price target is CHF126.00 26.93% , the lowest is CHF80.80 18.61% . | |
| A rating was issued by 32 analysts: 13 Analysts recommend Novartis to buy, 15 to hold and 4 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 8.40% . Most analysts recommend the Novartis stock at Hold. |
Sales and Margin forecast 2025, 2026 to 2032
23 Analysts have issued a sales forecast Novartis 2025 . The average Novartis sales estimate is CHF45.2b . This is 2.86% higher than the revenue of the last 12 months(TTM). The highest sales forecast is CHF48.8b 8.17% , the lowest is CHF41.4b 8.18% .
This results in the following potential growth metrics:
Revenue Estimates
| 2024 | CHF41.6b | 10.85% |
|---|---|---|
| 2025 | CHF45.2b | 9.06% |
| 2026 | CHF46.4b | 2.54% |
| 2027 | CHF47.8b | 3.01% |
| 2028 | CHF50.2b | 5.11% |
| 2029 | CHF52.2b | 3.92% |
| 2030 | CHF53.7b | 3.00% |
| 2031 | CHF49.1b | 8.61% |
| 2032 | CHF45.1b | 8.20% |
18 Analysts have issued an Novartis EBITDA forecast 2025. The average Novartis EBITDA estimate is CHF18.7b . This is 25.65% higher than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is CHF23.2b 52.47% , the lowest is CHF13.7b 10.17% .
This results in the following potential growth metrics and future EBITDA Margins:
EBITDA Estimates
| 2024 | CHF13.3b | 26.63% |
|---|---|---|
| 2025 | CHF18.7b | 41.45% |
| 2026 | CHF19.1b | 1.97% |
| 2027 | CHF19.9b | 4.08% |
| 2028 | CHF22.6b | 13.85% |
| 2029 | CHF23.8b | 5.06% |
| 2030 | CHF23.8b | 0.22% |
| 2031 | CHF18.6b | 21.90% |
| 2032 | CHF16.4b | 11.98% |
EBITDA Margin
| 2024 | 31.96% | 14.24% |
|---|---|---|
| 2025 | 41.45% | 29.70% |
| 2026 | 41.22% | 0.55% |
| 2027 | 41.65% | 1.04% |
| 2028 | 45.11% | 8.31% |
| 2029 | 45.61% | 1.11% |
| 2030 | 44.38% | 2.70% |
| 2031 | 37.93% | 14.53% |
| 2032 | 36.36% | 4.14% |
24 Novartis Analysts have issued a net profit forecast 2025. The average Novartis net profit estimate is CHF14.1b . This is 28.65% higher than the net profit for the last 12 months(TTM). The highest net profit forecast is CHF15.1b 29.93% , the lowest is CHF12.6b 8.93% .
This results in the following potential growth metrics and future Net Margins:
Net Profit Estimates
| 2024 | CHF9.6b | 19.59% |
|---|---|---|
| 2025 | CHF14.1b | 47.10% |
| 2026 | CHF14.6b | 4.00% |
| 2027 | CHF15.8b | 8.19% |
| 2028 | CHF16.9b | 6.88% |
| 2029 | CHF17.8b | 5.22% |
| 2030 | CHF18.4b | 3.37% |
| 2031 | CHF15.6b | 15.35% |
| 2032 | CHF13.5b | 13.40% |
Net Margin
| 2024 | 23.09% | 27.46% |
|---|---|---|
| 2025 | 31.14% | 34.88% |
| 2026 | 31.58% | 1.41% |
| 2027 | 33.17% | 5.03% |
| 2028 | 33.73% | 1.69% |
| 2029 | 34.15% | 1.25% |
| 2030 | 34.28% | 0.38% |
| 2031 | 31.75% | 7.38% |
| 2032 | 29.95% | 5.67% |
Earnings per share, P/E ratio and EV/sales Estimates 2025, 2026 to 2032
24 Analysts have issued a Novartis forecast for earnings per share. The average Novartis EPS is CHF7.27 . This is 30.29% higher than earnings per share in the financial year 2024. The highest EPS forecast is CHF7.78 30.32% , the lowest is CHF6.52 9.21% .
This results in the following potential growth metrics and future valuations:
Earnings Per Share
| 2024 | CHF4.73 | 17.16% |
|---|---|---|
| 2025 | CHF7.27 | 54.35% |
| 2026 | CHF7.56 | 3.99% |
| 2027 | CHF8.18 | 8.20% |
| 2028 | CHF8.75 | 6.97% |
| 2029 | CHF9.20 | 5.14% |
| 2030 | CHF9.51 | 3.37% |
| 2031 | CHF8.05 | 15.35% |
| 2032 | CHF6.97 | 13.42% |
P/E ratio
| Current | 17.72 | 28.96% |
|---|---|---|
| 2025 | 13.59 | 23.31% |
| 2026 | 13.07 | 3.83% |
| 2027 | 12.08 | 7.57% |
| 2028 | 11.30 | 6.46% |
| 2029 | 10.74 | 4.96% |
| 2030 | 10.39 | 3.26% |
| 2031 | 12.28 | 18.19% |
| 2032 | 14.18 | 15.47% |
Based on analysts' sales estimates for 2025, the Novartis stock is valued at an EV/Sales of 4.60 and an P/S ratio of 4.15 .
This results in the following potential growth metrics and future valuations:
EV/Sales
| Current | 4.73 | 15.54% |
|---|---|---|
| 2025 | 4.60 | 2.74% |
| 2026 | 4.49 | 2.48% |
| 2027 | 4.36 | 2.92% |
| 2028 | 4.14 | 4.86% |
| 2029 | 3.99 | 3.77% |
| 2030 | 3.87 | 2.91% |
| 2031 | 4.24 | 9.42% |
| 2032 | 4.61 | 8.94% |
P/S ratio
| Current | 4.26 | 18.47% |
|---|---|---|
| 2025 | 4.15 | 2.77% |
| 2026 | 4.04 | 2.48% |
| 2027 | 3.93 | 2.92% |
| 2028 | 3.73 | 4.86% |
| 2029 | 3.59 | 3.77% |
| 2030 | 3.49 | 2.91% |
| 2031 | 3.82 | 9.42% |
| 2032 | 4.16 | 8.93% |
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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