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Novo Nordisk ( (NVO) ) has shared an update.
On May 16, 2025, Novo Nordisk announced that CEO Lars Fruergaard Jørgensen will step down, following a mutual agreement with the Board. This decision comes amid recent market challenges and a decline in share price since mid-2024. Lars Fruergaard Jørgensen will remain as CEO temporarily to ensure a smooth transition, while the search for his successor is underway. Additionally, Lars Rebien Sørensen, chair of the Novo Nordisk Foundation, will join the Board as an observer, with plans for future election as a board member. The leadership change aims to address market challenges and align with the Novo Nordisk Foundation’s increased involvement.
The most recent analyst rating on (NVO) stock is a Sell with a $82.50 price target. To see the full list of analyst forecasts on Novo Nordisk stock, see the NVO Stock Forecast page.
Spark’s Take on NVO Stock
According to Spark, TipRanks’ AI Analyst, NVO is a Outperform.
Novo Nordisk’s strong financial performance, evidenced by excellent profitability and effective cash flow management, significantly boosts its overall score. Despite neutral technical momentum and reasonable valuation, the company’s robust earnings growth and strategic regulatory achievements are offset by challenges with compounded drug markets and carbon emissions, keeping the score in the lower 80s.
To see Spark’s full report on NVO stock, click here.
More about Novo Nordisk
Novo Nordisk is a leading global healthcare company founded in 1923 and headquartered in Denmark. It focuses on driving change to defeat serious chronic diseases, with a strong heritage in diabetes care. The company employs around 77,400 people in 80 countries and markets its products in approximately 170 countries. Novo Nordisk’s shares are listed on Nasdaq Copenhagen and its ADRs on the New York Stock Exchange.
Average Trading Volume: 9,381,635
Technical Sentiment Signal: Sell
Current Market Cap: $288.5B
For an in-depth examination of NVO stock, go to TipRanks’ Stock Analysis page.