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analysts optimistic on novo nordisk ahead of third quarter earnings report
Novo Nordisk is poised to report its third-quarter earnings, with analysts optimistic about the stock, reflected in six "buy" and five "hold" ratings. The average price target is set at 963.36 Danish krone, approximately 28% above recent levels, driven by anticipated sales growth of its weight-loss drugs, Ozempic and Wegovy. However, increased competition in the weight-loss market could pose challenges, despite analysts noting the company's strong production advantages.
viking therapeutics obesity pill shows promising weight loss results in study
Viking Therapeutics Inc. reported promising results for its experimental obesity pill, VK2735, showing that higher doses led to greater weight loss in patients. In an early-stage study, those taking 100-milligram doses lost an average of 8.2% of their body weight over 28 days, compared to 6.8% for the placebo group. This advancement positions Viking to potentially compete with leading treatments from Novo Nordisk and Eli Lilly.
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