Novo Nordisk's Stock Boosted by Semaglutid Hopes Ahead of Q4 EVOKE Data
The capital market is eagerly awaiting the progress of Semaglutide, a potential game-changer for Novo Nordisk's stock. Analysts are closely monitoring the situation, with Morgan Stanley anticipating key data from the EVOKE program in the fourth quarter of 2025.
James Quigley, an analyst at Morgan Stanley, has recommended buying Novo Nordisk's stock, setting a price target of 392 Danish Kroner (52.51 Euro). He maintains a positive risk/reward profile for Semaglutide until the end of 2025, but the growth drivers for 2026 remain unclear.
The EVOKE studies, investigating the use of semaglutide for Alzheimer's disease, are expected to publish their results in the fourth quarter of 2025. These studies have significantly influenced the short-term outlook for Novo Nordisk. Morgan Stanley estimates a 25% success probability for Semaglutide in treating Alzheimer's. However, the firm believes there is a 75% chance the EVOKE program will not show statistical significance.
The capital market's focus on Semaglutide's progress is expected to continue, with the EVOKE program's data release in the fourth quarter of 2025 being a key milestone. Analysts' recommendations and estimates highlight the potential impact of these studies on Novo Nordisk's stock.
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