Novo Nordisk A/S (NVO) Eyes Solidifying Its Market Position with Increased Advertising Spending

Core Insights - Novo Nordisk A/S (NYSE:NVO) is recognized as one of the 13 Best Extremely Profitable Stocks to Invest in Now [1] Advertising and Market Position - In the first nine months of 2025, Novo Nordisk increased its advertising spending for its GLP-1 medications, allocating nearly $500 million to promote Wegovy and Ozempic, which is more than double Eli Lilly's spending on competing treatments [2] - The company spent $316 million on Wegovy and $169 million on Ozempic, reflecting year-over-year increases of 54% and 44%, respectively, as supply constraints eased and competitive pressures intensified [3] - The increased advertising is part of Novo's strategy to defend its market position following Eli Lilly's Zepbound, which demonstrated greater weight-loss efficacy and surpassed Wegovy in U.S. prescription volume [4] Analyst Coverage - Citi initiated coverage of Novo Nordisk with a 'Neutral' rating and a price target of DKK 400, indicating that the company's valuation appears fair despite ongoing high demand for obesity treatments [5]