Goldman Sachs analyst James Quigley initiated coverage of Novo Nordisk with a Buy rating and $156 price target. The analyst expects the obesity medication market to reach $130B by 2030, with Novo maintaining leadership driven by its “significant head start,” brand recognition and the cardiovascular benefit demonstrated for Wegovy in the SELECT trial. Furthermore, Novo’s significant investments in manufacturing capacity and sales infrastructure add to its competitive edge, the analyst tells investors in a research note.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NVO:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue