Reported 6 months ago
Novo Nordisk has been a strong performer in the past decade, with a 527% return, largely attributed to its weight-loss drug Ozempic. However, with a more competitive weight-loss market emerging, the company's growth may slow down in the next 10 years despite its recent revenue and profit growth. While Novo Nordisk is still considered a good buy at its current price, investors should not expect the same high returns as in the past decade, but a doubling in stock value and reaching a market cap of $1 trillion is feasible.
Source: YAHOO