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Nomura Holdings, Inc. (NMR) Price Target Analysis

Wall Street analyst price targets, ratings consensus & upside potential · Updated Feb 28, 2026

Current Price
$9.00
Market reference
Price Target
$5.79
-35.7% Upside
Target Range
$5.79 — $5.79
High conviction
Analyst Rating
Hold
9 analysts
Forward P/E11.3x
Trailing P/E12.7x
Forward PEG1.04
Implied Growth-99.4%
Median Target$5.79
Analyst Spread0.0%

NMR trades 35.7% above the consensus target of $5.79. Current price reflects optimism beyond analyst expectations.

Price Forecast (1 Year)

Last 12 months price action with 12-month analyst target path

Current$9.00
Consensus$5.79
High$5.79
Low$5.79
Model$1435.20
Bear Case
$6
-35.7%
Consensus
$6
-35.7%
Bull Case
$6
-35.7%
Valuation Model TargetsConfidence: 34/100
Bear$-93
Base$1435
Bull$3474

Analyst Ratings Distribution

Breakdown of 9 published analyst recommendations for NMR

78% hold / mixed conviction
+11
BearishBullish
Weighted analyst sentiment score based on 9 ratings
ConsensusHold
Coverage9 Analysts
Net Score+11
Bull / Bear22% / 0%
Strong Buy00%
Buy222%
Hold778%
Sell00%
Strong Sell00%
Strong Buy
00%
Buy
222%
Hold
778%
Sell
00%
Strong Sell
00%
Recommendation Mix22% Buy · 78% Hold · 0% Sell
Buy (2)Hold (7)Sell (0)

NMR Price Target Analysis

Updated February 28, 2026

As of February 28, 2026, Nomura Holdings, Inc. (NMR) has a Wall Street consensus price target of $5.79, based on estimates from 9 covering analysts. With the stock currently trading at $9.00, this represents a potential downside of -35.7%. The company has a market capitalization of $26.61B.

Analyst price targets range from a low of $5.79 to a high of $5.79, representing a 0% spread in expectations. The median target of $5.79 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.

The current analyst consensus rating is Hold, with 2 analysts rating the stock as a Buy or Strong Buy,7 rating it Hold, and 0 rating it Sell or Strong Sell. The bearish sentiment suggests caution about the stock at current levels.

From a valuation perspective, NMR trades at a trailing P/E of 12.7x and forward P/E of 11.3x. The forward PEG ratio of 1.04 indicates reasonable valuation for growth. Analysts expect EPS to grow -99.4% over the next year.

Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $1435.20, with bear and bull scenarios of $-93.17 and $3474.08 respectively. Model confidence stands at 34/100, suggesting limited visibility into future performance.

Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Financial Services stocks.

Analyst Sentiment Comparison

Industry Peer Analysis
Avg Peer Upside+20.1%
Avg Forward P/E14.9x
Peers with Coverage10 / 10
CompanyMarket CapPriceTargetUpsideRatingFwd P/EAnalysts
NMRNomura Holdings, Inc.
$26.6B$9.00$5.79-35.7%Hold11.3x9
GSThe Goldman Sachs Group, Inc.$267.0B$859.57$933.67+8.6%Hold14.7x54
MSMorgan Stanley$264.9B$166.47$196.00+17.7%Buy14.8x50
EVREvercore Inc.$26.9B$308.84$398.83+29.1%Buy16.7x21
JEFJefferies Financial Group Inc.$9.2B$44.40$76.00+71.2%Buy10.4x8
PIPRPiper Sandler Companies$4.9B$295.55$391.50+32.5%Hold15.3x11
LAZLazard Ltd$4.8B$50.60$54.67+8.0%Buy13.9x28
MCMoelis & Company$4.4B$59.36$76.83+29.4%Hold17.0x22
HLIHoulihan Lokey, Inc.$2.5B$163.77$205.67+25.6%Buy20.8x15
PWPPerella Weinberg Partners$434M$18.51$21.25+14.8%Buy14.3x3

Upside Potential Comparison

JEF
+71.2%
PIPR
+32.5%
MC
+29.4%
EVR
+29.1%
HLI
+25.6%
MS
+17.7%
PWP
+14.8%
GS
+8.6%

See NMR's True Return

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Is NMR Undervalued?

See our Bear / Base / Bull DCF models and intrinsic value estimates.

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Compare NMR vs JPM

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Frequently Asked Questions

What is the NMR stock price target for 2026?

NMR's consensus price target is $5.79, -35.7% below the current price of $9. The 9 analysts tracking NMR see downside risk at present valuations.

Is NMR a buy, sell, or hold?

NMR has a consensus rating of "Hold" based on 9 Wall Street analysts. The rating breakdown is mixed, with 7 Hold ratings making up the largest segment. The consensus 12-month price target of $5.79 implies -35.7% downside from current levels.

Is NMR stock overvalued or undervalued?

With a forward P/E of 11.3464x, NMR trades at a relatively low valuation. The consensus target of $5.79 implies -35.7% move, suggesting the market may be pricing in risks.

How high can NMR stock go?

The most bullish Wall Street analyst has a price target of $5.79 for NMR, while the most conservative target is $5.79. The consensus of $5.79 represents the median expectation. Our quantitative valuation model projects a bull case target of $3474 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.

How many analysts cover NMR stock?

NMR is moderately covered, with 9 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 2 have Buy ratings, 7 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.

What is the NMR stock forecast?

The 12-month NMR stock forecast based on 9 Wall Street analysts shows a consensus price target of $5.79, with estimates ranging from $5.79 (bear case) to $5.79 (bull case). The median consensus rating is "Hold". Our proprietary valuation model produces a base case fair value of $1435, with bear/bull scenarios of $-93/$3474.

What is NMR's fair value based on fundamentals?

Our quantitative valuation model calculates NMR's fair value at $1435 (base case), with a bear case of $-93 and bull case of $3474. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 34/100.

What is NMR's forward P/E ratio?

NMR trades at a forward P/E ratio of 11.3x based on next-twelve-months earnings estimates compared to a trailing P/E of 12.7x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.

Should I buy NMR stock?

Analysts are cautious on NMR, with 0 Sell ratings and a price target of $5.79 (-35.7% from current price). The "Hold" consensus suggests careful evaluation before buying. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.

Why do NMR price targets vary so much?

NMR analyst price targets range from $5.79 to $5.79, a 0% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $5.79 consensus represents the middle ground. Our model's $-93-$3474 range provides an independent fundamental perspective.

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