DKK772.90
1.28% day before yesterday
Copenhagen, Nov 01, 04:40 pm CET
ISIN
DK0062498333
Symbol
NOVO B
Sector
Industry

Novo Nordisk Target price 2024 - Analyst rating & recommendation

Novo Nordisk Classifications & Recommendation:

Buy
64%
Hold
24%
Sell
12%

Novo Nordisk Price Target

Target Price DKK993.80
Price DKK768.90
Potential
Number of Estimates 26
26 Analysts have issued a price target Novo Nordisk 2025 . The average Novo Nordisk target price is DKK993.80. This is higher than the current stock price. The highest price target is
DKK1,150.00 49.56%
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, the lowest is
DKK560.00 27.17%
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.
A rating was issued by 33 analysts: 21 Analysts recommend Novo Nordisk to buy, 8 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 Novo Nordisk stock has an average upside potential 2025 of . Most analysts recommend the Novo Nordisk stock at Purchase.

Sales and Margin forecast 2024, 2025 to 2028

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Quarter Annually
Dec '23 2024
Estimates
Revenue Billion DKK 232.26 286.88
31.26% 23.52%
EBITDA Margin 47.96% 49.64%
4.74% 3.51%
Net Margin 35.48% 34.73%
16.02% 2.10%

27 Analysts have issued a sales forecast Novo Nordisk 2024 . The average Novo Nordisk sales estimate is

DKK287b
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. This is
11.19% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
DKK291b 12.92%
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, the lowest is
DKK277b 7.45%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 DKK232b 31.26%
2024
DKK287b 23.52%
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2025
DKK346b 20.43%
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2026
DKK405b 17.12%
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2027
DKK443b 9.52%
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2028
DKK499b 12.67%
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19 Analysts have issued an Novo Nordisk EBITDA forecast 2024. The average Novo Nordisk EBITDA estimate is

DKK142b
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. This is
10.56% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
DKK147b 14.25%
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, the lowest is
DKK134b 3.86%
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.

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

EBITDA Estimates

2023 DKK111b 37.47%
2024
DKK142b 27.84%
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2025
DKK174b 21.89%
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2026
DKK205b 18.22%
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2027
DKK218b 6.01%
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2028
DKK233b 7.19%
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EBITDA Margin

2023 47.96% 4.74%
2024
49.64% 3.51%
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2025
50.23% 1.19%
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2026
50.70% 0.94%
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2027
49.08% 3.20%
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2028
46.69% 4.87%
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19 Novo Nordisk Analysts have issued a net profit forecast 2024. The average Novo Nordisk net profit estimate is

DKK99.6b
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. This is
12.10% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
DKK103b 15.57%
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, the lowest is
DKK97.5b 9.73%
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.

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

Net Profit Estimates

2023 DKK82.4b 52.28%
2024
DKK99.6b 20.93%
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2025
DKK126b 26.87%
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2026
DKK152b 19.87%
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2027
DKK171b 12.77%
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2028
DKK203b 18.98%
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Net Margin

2023 35.48% 16.02%
2024
34.73% 2.10%
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2025
36.59% 5.36%
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2026
37.45% 2.35%
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2027
38.56% 2.96%
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2028
40.72% 5.60%
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Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 to 2028

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Quarter Annually
Dec '23 2024
Estimates
Earnings Per Share DKK 18.67 22.58
52.28% 20.94%
P/E 34.06
EV/Sales 11.81

19 Analysts have issued a Novo Nordisk forecast for earnings per share. The average Novo Nordisk <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS is

DKK22.58
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. This is
12.12% higher
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than earnings per share in the financial year 2023. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is
DKK23.28 15.59%
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, the lowest is
DKK22.10 9.73%
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.

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

Earnings Per Share

2023 DKK18.67 52.28%
2024
DKK22.58 20.94%
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2025
DKK28.64 26.84%
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2026
DKK34.33 19.87%
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2027
DKK38.72 12.79%
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2028
DKK46.07 18.98%
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P/E ratio

Current 38.19 13.64%
2024
34.06 10.81%
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2025
26.84 21.20%
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2026
22.39 16.58%
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2027
19.86 11.30%
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2028
16.69 15.96%
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Based on analysts' sales estimates for 2024, the Novo Nordisk stock is valued at an <a href=https://blog.stocksguide.com/knowledge/enterprise-value-sales-simply-explained>EV/Sales of

11.81
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and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of
11.83
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.

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

EV/Sales

Current 13.13 3.95%
2024
11.81 10.06%
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2025
9.81 16.97%
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2026
8.37 14.62%
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2027
7.64 8.69%
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2028
6.78 11.25%
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P/S ratio

Current 13.15 4.45%
2024
11.83 10.07%
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2025
9.82 16.97%
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2026
8.39 14.62%
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2027
7.66 8.69%
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2028
6.80 11.25%
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