Novartis Forecast, price target & analysts
Novartis Target price 2025 - Analyst rating & recommendation
Novartis Classifications & Recommendation:
Novartis Price Target
| Target Price | CHF110.16 |
| Price | CHF102.88 |
| Potential | 7.08% |
| Number of Estimates | 25 |
| 25 Analysts have issued a price target Novartis 2026 . The average Novartis target price is CHF110.16. This is 7.08% higher than the current stock price. The highest price target is CHF126.00 22.47% , the lowest is CHF80.80 21.46% . | |
| A rating was issued by 31 analysts: 13 Analysts recommend Novartis to buy, 14 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 7.08% . Most analysts recommend the Novartis stock at Hold. |
Sales and Margin forecast 2025, 2026 to 2032
24 Analysts have issued a sales forecast Novartis 2025 . The average Novartis sales estimate is CHF45.8b . This is 1.04% higher than the revenue of the last 12 months(TTM). The highest sales forecast is CHF49.2b 8.63% , the lowest is CHF43.4b 4.28% .
This results in the following potential growth metrics:
Revenue Estimates
| 2024 | CHF41.8b | 10.85% |
|---|---|---|
| 2025 | CHF45.8b | 9.44% |
| 2026 | CHF47.0b | 2.65% |
| 2027 | CHF48.6b | 3.55% |
| 2028 | CHF52.1b | 7.10% |
| 2029 | CHF54.2b | 4.01% |
| 2030 | CHF56.0b | 3.40% |
| 2031 | CHF55.9b | 0.14% |
| 2032 | CHF51.3b | 8.37% |
18 Analysts have issued an Novartis EBITDA forecast 2025. The average Novartis EBITDA estimate is CHF18.9b . This is 23.45% higher than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is CHF23.4b 53.13% , the lowest is CHF13.8b 9.78% .
This results in the following potential growth metrics and future EBITDA Margins:
EBITDA Estimates
| 2024 | CHF13.4b | 26.63% |
|---|---|---|
| 2025 | CHF18.9b | 41.45% |
| 2026 | CHF19.3b | 1.97% |
| 2027 | CHF20.1b | 4.08% |
| 2028 | CHF23.6b | 17.53% |
| 2029 | CHF25.2b | 6.83% |
| 2030 | CHF26.0b | 3.29% |
| 2031 | CHF23.0b | 11.70% |
| 2032 | CHF21.4b | 6.75% |
EBITDA Margin
| 2024 | 31.96% | 14.24% |
|---|---|---|
| 2025 | 41.31% | 29.27% |
| 2026 | 41.03% | 0.68% |
| 2027 | 41.24% | 0.51% |
| 2028 | 45.26% | 9.75% |
| 2029 | 46.49% | 2.72% |
| 2030 | 46.44% | 0.11% |
| 2031 | 41.07% | 11.56% |
| 2032 | 41.80% | 1.78% |
25 Novartis Analysts have issued a net profit forecast 2025. The average Novartis net profit estimate is CHF14.2b . This is 21.76% higher than the net profit for the last 12 months(TTM). The highest net profit forecast is CHF15.1b 30.18% , the lowest is CHF13.2b 13.79% .
This results in the following potential growth metrics and future Net Margins:
Net Profit Estimates
| 2024 | CHF9.7b | 19.59% |
|---|---|---|
| 2025 | CHF14.2b | 46.77% |
| 2026 | CHF14.6b | 3.34% |
| 2027 | CHF16.0b | 8.96% |
| 2028 | CHF18.0b | 12.67% |
| 2029 | CHF19.2b | 6.60% |
| 2030 | CHF19.5b | 1.59% |
| 2031 | CHF18.0b | 7.34% |
| 2032 | CHF15.5b | 13.95% |
Net Margin
| 2024 | 23.09% | 27.46% |
|---|---|---|
| 2025 | 30.96% | 34.10% |
| 2026 | 31.17% | 0.68% |
| 2027 | 32.80% | 5.23% |
| 2028 | 34.51% | 5.21% |
| 2029 | 35.36% | 2.46% |
| 2030 | 34.74% | 1.75% |
| 2031 | 32.24% | 7.20% |
| 2032 | 30.28% | 6.08% |
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 CHF7.38 . This is 23.21% higher than earnings per share in the financial year 2024. The highest EPS forecast is CHF7.89 31.72% , the lowest is CHF6.90 15.19% .
This results in the following potential growth metrics and future valuations:
Earnings Per Share
| 2024 | CHF4.75 | 17.10% |
|---|---|---|
| 2025 | CHF7.38 | 55.37% |
| 2026 | CHF7.63 | 3.39% |
| 2027 | CHF8.31 | 8.91% |
| 2028 | CHF9.37 | 12.76% |
| 2029 | CHF9.99 | 6.62% |
| 2030 | CHF10.14 | 1.50% |
| 2031 | CHF9.40 | 7.30% |
| 2032 | CHF8.09 | 13.94% |
P/E ratio
| Current | 17.18 | 34.47% |
|---|---|---|
| 2025 | 13.93 | 18.90% |
| 2026 | 13.48 | 3.23% |
| 2027 | 12.37 | 8.23% |
| 2028 | 10.98 | 11.24% |
| 2029 | 10.30 | 6.19% |
| 2030 | 10.14 | 1.55% |
| 2031 | 10.94 | 7.89% |
| 2032 | 12.72 | 16.27% |
Based on analysts' sales estimates for 2025, the Novartis stock is valued at an EV/Sales of 5.16 and an P/S ratio of 4.77 .
This results in the following potential growth metrics and future valuations:
EV/Sales
| Current | 5.21 | 0.38% |
|---|---|---|
| 2025 | 5.16 | 0.97% |
| 2026 | 5.03 | 2.58% |
| 2027 | 4.85 | 3.42% |
| 2028 | 4.53 | 6.63% |
| 2029 | 4.36 | 3.86% |
| 2030 | 4.21 | 3.29% |
| 2031 | 4.22 | 0.14% |
| 2032 | 4.61 | 9.14% |
P/S ratio
| Current | 4.82 | 0.95% |
|---|---|---|
| 2025 | 4.77 | 1.02% |
| 2026 | 4.64 | 2.59% |
| 2027 | 4.48 | 3.42% |
| 2028 | 4.19 | 6.62% |
| 2029 | 4.03 | 3.86% |
| 2030 | 3.89 | 3.29% |
| 2031 | 3.90 | 0.14% |
| 2032 | 4.25 | 9.14% |
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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