Novartis Forecast, price target & analysts
Novartis Target price 2025 - Analyst rating & recommendation
Novartis Classifications & Recommendation:
Novartis Price Target
| Target Price | CHF107.61 |
| Price | CHF105.12 |
| Potential | 2.37% |
| Number of Estimates | 24 |
| 24 Analysts have issued a price target Novartis 2026 . The average Novartis target price is CHF107.61. This is 2.37% higher than the current stock price. The highest price target is CHF126.00 19.86% , the lowest is CHF80.80 23.14% . | |
| 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 2.37% . 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 CHF45.0b . This is 2.76% higher than the revenue of the last 12 months(TTM). The highest sales forecast is CHF48.6b 10.98% , the lowest is CHF41.3b 5.80% .
This results in the following potential growth metrics:
Revenue Estimates
| 2024 | CHF41.3b | 10.85% |
|---|---|---|
| 2025 | CHF45.0b | 8.96% |
| 2026 | CHF46.2b | 2.52% |
| 2027 | CHF47.6b | 3.13% |
| 2028 | CHF49.2b | 3.32% |
| 2029 | CHF50.7b | 3.00% |
| 2030 | CHF51.8b | 2.31% |
| 2031 | CHF49.0b | 5.57% |
| 2032 | CHF44.9b | 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 55.86% , the lowest is CHF13.7b 8.17% .
This results in the following potential growth metrics and future EBITDA Margins:
EBITDA Estimates
| 2024 | CHF13.2b | 26.63% |
|---|---|---|
| 2025 | CHF18.7b | 41.45% |
| 2026 | CHF19.1b | 1.97% |
| 2027 | CHF19.8b | 4.08% |
| 2028 | CHF20.9b | 5.19% |
| 2029 | CHF21.7b | 4.12% |
| 2030 | CHF23.6b | 8.86% |
| 2031 | CHF18.6b | 21.47% |
| 2032 | CHF16.3b | 11.98% |
EBITDA Margin
| 2024 | 31.96% | 14.24% |
|---|---|---|
| 2025 | 41.49% | 29.83% |
| 2026 | 41.26% | 0.55% |
| 2027 | 41.65% | 0.95% |
| 2028 | 42.40% | 1.80% |
| 2029 | 42.86% | 1.08% |
| 2030 | 45.61% | 6.42% |
| 2031 | 37.93% | 16.84% |
| 2032 | 36.36% | 4.14% |
24 Novartis Analysts have issued a net profit forecast 2025. The average Novartis net profit estimate is CHF14.0b . This is 28.65% higher than the net profit for the last 12 months(TTM). The highest net profit forecast is CHF15.0b 37.55% , the lowest is CHF12.6b 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 | 47.10% |
| 2026 | CHF14.6b | 4.00% |
| 2027 | CHF15.8b | 8.19% |
| 2028 | CHF16.6b | 4.98% |
| 2029 | CHF17.2b | 3.76% |
| 2030 | CHF17.9b | 4.10% |
| 2031 | CHF18.6b | 3.96% |
| 2032 | CHF16.9b | 9.36% |
Net Margin
| 2024 | 23.09% | 27.46% |
|---|---|---|
| 2025 | 31.17% | 35.01% |
| 2026 | 31.62% | 1.44% |
| 2027 | 33.17% | 4.90% |
| 2028 | 33.70% | 1.60% |
| 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
24 Analysts have issued a Novartis forecast for earnings per share. The average Novartis EPS is CHF7.25 . This is 30.40% higher than earnings per share in the financial year 2024. The highest EPS forecast is CHF7.75 39.39% , the lowest is CHF6.50 16.91% .
This results in the following potential growth metrics and future valuations:
Earnings Per Share
| 2024 | CHF4.69 | 17.28% |
|---|---|---|
| 2025 | CHF7.25 | 54.58% |
| 2026 | CHF7.54 | 4.00% |
| 2027 | CHF8.16 | 8.22% |
| 2028 | CHF8.57 | 5.02% |
| 2029 | CHF8.89 | 3.73% |
| 2030 | CHF9.25 | 4.05% |
| 2031 | CHF9.62 | 4.00% |
| 2032 | CHF8.72 | 9.36% |
P/E ratio
| Current | 18.91 | 38.93% |
|---|---|---|
| 2025 | 14.49 | 23.36% |
| 2026 | 13.94 | 3.80% |
| 2027 | 12.88 | 7.60% |
| 2028 | 12.27 | 4.74% |
| 2029 | 11.83 | 3.59% |
| 2030 | 11.36 | 3.97% |
| 2031 | 10.93 | 3.79% |
| 2032 | 12.06 | 10.34% |
Based on analysts' sales estimates for 2025, the Novartis stock is valued at an EV/Sales of 4.96 and an P/S ratio of 4.50 .
This results in the following potential growth metrics and future valuations:
EV/Sales
| Current | 5.10 | 8.11% |
|---|---|---|
| 2025 | 4.96 | 2.75% |
| 2026 | 4.84 | 2.46% |
| 2027 | 4.69 | 3.03% |
| 2028 | 4.54 | 3.21% |
| 2029 | 4.41 | 2.91% |
| 2030 | 4.31 | 2.26% |
| 2031 | 4.56 | 5.90% |
| 2032 | 4.97 | 8.94% |
P/S ratio
| Current | 4.63 | 10.62% |
|---|---|---|
| 2025 | 4.50 | 2.69% |
| 2026 | 4.39 | 2.46% |
| 2027 | 4.26 | 3.03% |
| 2028 | 4.12 | 3.21% |
| 2029 | 4.00 | 2.91% |
| 2030 | 3.91 | 2.26% |
| 2031 | 4.14 | 5.90% |
| 2032 | 4.51 | 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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