Novo Nordisk AS ADR

NVO: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Novo Nordisk: Capital Markets Day Ambitions Look Similar to Our Projections; FVE Lowered Slightly

Karen Andersen

Sep 22, 2026

Novo hosted its 2026 Capital Markets Day on Sept. 21, where it disclosed 2030 financial targets, including mid-single-digit top-line growth and roughly steady operating margins. Shares fell 8%.

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Novo Nordisk AS ADR

Novo Nordisk: Capital Markets Day Ambitions Look Similar to Our Projections; FVE Lowered Slightly

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