Hims & Hers Receives Upgrade Following Novo Nordisk Agreement, But Stock Gains May Remain Constrained.

Written by Emily J. Thompson, Senior Investment Analyst

Source: Barron's

Updated: 6 hours ago

0mins

NVO-2.66%

BAC+1.38%

HIMS+5.91%

Should l Buy NVO?

Source: Barron's

Stock Performance: Hims & Hers Health experienced its largest same-day stock jump on record following a new agreement with Novo Nordisk.
Analyst Sentiment: Despite the stock surge, analysts remain cautious and are not quick to recommend investing in Hims & Hers Health.

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Analyst Views on NVO

Wall Street analysts forecast NVO stock price to rise

8 Analyst Rating

4 Buy

3 Hold

1 Sell

Moderate Buy

Current: 39.780

Low

42.00

Averages

54.67

High

70.00

Current: 39.780

Low

42.00

Averages

54.67

High

70.00

TD Cowen

Michael Nedelcovych

Buy -> Hold

downgrade

$45 -> $42

2026-03-10

New

Reason

TD Cowen

Michael Nedelcovych

Price Target

$45 -> $42

AI Analysis

2026-03-10

New

downgrade

Buy -> Hold

Reason

TD Cowen analyst Michael Nedelcovych downgraded Novo Nordisk to Hold from Buy with a price target of $42, down from $45. Questions remain around the Wegovy pill, CagriSema trials have "failed or underwhelmed," and Ozempic prescriptions keep lagging, the analyst tells investors in a research note. The firm says insights from its healthcare conference last week "offered additional reasons for caution" on Novo shares. It moved to the sidelines pending greater clarity on the company's long-term trajectory.

BMO Capital

Market Perform

maintain

$45

2026-03-10

New

Reason

BMO Capital

Price Target

$45

2026-03-10

New

maintain

Market Perform

Reason

BMO Capital keeps a Market Perform rating and $45 price target on Novo Nordisk (NVO). The company's agreement with Hims & Hers (HIMS) to partner on sale of branded GLP-1s represents a significant step forward for Novo in dealing with a major commercial headwind, the analyst tells investors in a research note.

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About NVO

Novo Nordisk A/S is a global healthcare company engaged in diabetes care. The Company is also engaged in the discovery, development, manufacturing and marketing of pharmaceutical products. The Company operates through two business segments: diabetes and obesity care, and biopharmaceuticals. The Company's diabetes and obesity care segment covers insulin, GLP-1, other protein-related products, such as glucagon, protein-related delivery systems and needles, and oral anti-diabetic drugs. The Company's biopharmaceuticals segment covers the therapy areas of hemophilia care, growth hormone therapy and hormone replacement therapy. The Company also offers Saxenda product to treat obesity. It offers a range of products, including NovoLog/NovoRapid; NovoLog Mix/NovoMix; Prandin/NovoNorm; NovoSeven; Norditropin, and Vagifem. As of December 31, 2016, it marketed its products in over 180 countries. Its regional structure consists of two commercial units: North America and International Operations.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

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