kr331.55
9.24%
Copenhagen, Dec 23, 04:59 pm CET
ISIN
DK0062498333
Symbol
NOVO B

Novo Nordisk Target price 2025 - Analyst rating & recommendation

Novo Nordisk Classifications & Recommendation:

Buy
56%
Hold
34%
Sell
9%

Novo Nordisk Price Target

Target Price kr408.00
Price kr331.55
Potential
Number of Estimates 27
27 Analysts have issued a price target Novo Nordisk 2026 . The average Novo Nordisk target price is kr408.00. This is higher than the current stock price. The highest price target is
kr756.00 128.02%
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, the lowest is .
A rating was issued by 32 analysts: 18 Analysts recommend Novo Nordisk to buy, 11 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 Novo Nordisk stock has an average upside potential 2026 of . Most analysts recommend the Novo Nordisk stock at Purchase.

Sales and Margin forecast 2025, 2026 to 2032

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Quarter Annually
Dec '24 2025
Estimates
Revenue Billion kr 290.40 311.47
25.03% 7.25%
EBITDA Margin 48.98% 48.83%
6.29% 0.31%
Net Margin 34.78% 33.80%
3.48% 2.80%

27 Analysts have issued a sales forecast Novo Nordisk 2025 . The average Novo Nordisk sales estimate is

kr311b
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. This is
1.31% lower
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than the revenue of the last 12 months(TTM). The highest sales forecast is
kr333b 5.60%
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, the lowest is
kr297b 6.02%
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.

This results in the following potential growth metrics:

Revenue Estimates

2024 kr290b 25.03%
2025
kr311b 7.25%
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2026
kr312b 0.24%
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2027
kr333b 6.81%
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2028
kr374b 12.26%
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2029
kr406b 8.35%
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2030
kr433b 6.77%
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2031
kr439b 1.46%
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2032
kr433b 1.36%
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24 Analysts have issued an Novo Nordisk EBITDA forecast 2025. The average Novo Nordisk EBITDA estimate is

kr152b
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. This is
1.41% lower
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
kr173b 12.29%
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, the lowest is
kr136b 11.80%
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.

This results in the following potential growth metrics and future EBITDA Margins:

EBITDA Estimates

2024 kr142b 32.90%
2025
kr152b 6.93%
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2026
kr154b 1.03%
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2027
kr167b 8.67%
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2028
kr182b 9.28%
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2029
kr198b 8.55%
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2030
kr217b 9.53%
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2031
kr247b 13.75%
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2032
kr235b 4.73%
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EBITDA Margin

2024 48.98% 6.29%
2025
48.83% 0.31%
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2026
49.22% 0.80%
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2027
50.08% 1.75%
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2028
48.75% 2.66%
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2029
48.84% 0.18%
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2030
50.10% 2.58%
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2031
56.17% 12.12%
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2032
54.26% 3.40%
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27 Novo Nordisk Analysts have issued a net profit forecast 2025. The average Novo Nordisk net profit estimate is

kr105b
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. This is
1.44% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
kr118b 13.23%
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, the lowest is
kr98.2b 5.34%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2024 kr101b 20.68%
2025
kr105b 4.23%
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2026
kr102b 2.87%
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2027
kr109b 6.75%
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2028
kr126b 15.37%
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2029
kr140b 11.54%
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2030
kr153b 8.89%
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2031
kr155b 1.11%
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2032
kr148b 4.38%
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Net Margin

2024 34.78% 3.48%
2025
33.80% 2.80%
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2026
32.75% 3.11%
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2027
32.73% 0.06%
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2028
33.64% 2.78%
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2029
34.63% 2.94%
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2030
35.32% 1.99%
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2031
35.20% 0.34%
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2032
34.12% 3.07%
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Earnings per share, P/E ratio and EV/sales Estimates 2025, 2026 to 2032

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Quarter Annually
Dec '24 2025
Estimates
Earnings Per Share kr 22.63 23.71
21.54% 4.77%
P/E 13.98
EV/Sales 4.95

27 Analysts have issued a Novo Nordisk forecast for earnings per share. The average Novo Nordisk EPS is

kr23.71
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. This is
1.63% higher
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than earnings per share in the financial year 2024. The highest EPS forecast is
kr26.47 13.46%
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, the lowest is
kr22.13 5.14%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2024 kr22.63 21.54%
2025
kr23.71 4.77%
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2026
kr23.03 2.87%
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2027
kr24.59 6.77%
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2028
kr28.37 15.37%
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2029
kr31.64 11.53%
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2030
kr34.46 8.91%
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2031
kr34.84 1.10%
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2032
kr33.31 4.39%
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P/E ratio

Current 14.21 48.79%
2025
13.98 1.63%
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2026
14.40 3.00%
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2027
13.48 6.39%
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2028
11.69 13.28%
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2029
10.48 10.35%
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2030
9.62 8.21%
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2031
9.52 1.04%
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2032
9.95 4.52%
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Based on analysts' sales estimates for 2025, the Novo Nordisk stock is valued at an EV/Sales of

and an P/S ratio of .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 4.88 33.33%
2025
4.95 1.35%
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2026
4.93 0.23%
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2027
4.62 6.38%
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2028
4.12 10.92%
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2029
3.80 7.71%
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2030
3.56 6.34%
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2031
3.51 1.44%
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2032
3.55 1.38%
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P/S ratio

Current 4.66 36.83%
2025
4.73 1.33%
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2026
4.71 0.23%
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2027
4.41 6.38%
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2028
3.93 10.92%
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2029
3.63 7.71%
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2030
3.40 6.34%
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2031
3.35 1.44%
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2032
3.40 1.38%
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Current Novo Nordisk Upgrades & Downgrades

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Analyst Rating Action Date
BERENBERG
Locked
Locked
Locked Dec 09 2025
NYKREDIT MARKETS
Locked
Locked
Locked Dec 05 2025
GUGGENHEIM SECURITIES LLC
Locked
Locked
Locked Dec 03 2025
JEFFERIES
Locked
Locked
Locked Dec 01 2025
ROTHSCHILD & CO REDBURN
Locked
Locked
Locked Dec 01 2025
JYSKE BANK
Locked
Locked
Locked Dec 01 2025
TD COWEN
Locked
Locked
Locked Nov 25 2025
Analyst Rating Date
Locked
BERENBERG:
Locked
Locked
Dec 09 2025
Locked
NYKREDIT MARKETS:
Locked
Locked
Dec 05 2025
Locked
GUGGENHEIM SECURITIES LLC:
Locked
Locked
Dec 03 2025
Locked
JEFFERIES:
Locked
Locked
Dec 01 2025
Locked
ROTHSCHILD & CO REDBURN:
Locked
Locked
Dec 01 2025
Locked
JYSKE BANK:
Locked
Locked
Dec 01 2025
Locked
TD COWEN:
Locked
Locked
Nov 25 2025

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