[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"app-context":3,"blog-novartis-already-paid-for-its-1-9-billion-write-down-the-raise-is-the-new-part-EN":222},{"languages":4,"categories":41,"products":125,"competitors":149},[5,9,13,17,21,25,29,33,37],{"name":6,"code":7,"id":8},"English","EN","TGFuZ3VhZ2U6ZW4=",{"name":10,"code":11,"id":12},"Español","ES","TGFuZ3VhZ2U6ZXM=",{"name":14,"code":15,"id":16},"Português","PT","TGFuZ3VhZ2U6cHQ=",{"name":18,"code":19,"id":20},"日本語","JA","TGFuZ3VhZ2U6amE=",{"name":22,"code":23,"id":24},"한국어","KO","TGFuZ3VhZ2U6a28=",{"name":26,"code":27,"id":28},"Deutsch","DE","TGFuZ3VhZ2U6ZGU=",{"name":30,"code":31,"id":32},"Italiano","IT","TGFuZ3VhZ2U6aXQ=",{"name":34,"code":35,"id":36},"Français","FR","TGFuZ3VhZ2U6ZnI=",{"name":38,"code":39,"id":40},"中文 (中国)","ZH","TGFuZ3VhZ2U6emg=",[42,73,104],{"icon":43,"slug":44,"title":45,"description":46,"featuredLinks":47},"mingcute:stock-line","stock-market-basics","Stock Market Basics","\u003Cp>Beginners' guides and practical tips for understanding stock market investing.\u003C\u002Fp>\n",[48,53,58,63,68],{"url":49,"title":50,"description":51,"ogImage":52},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-makes-stocks-go-up-and-down","What Makes Stocks Go Up and Down | TIKR.com","Understanding what makes stock prices go up and down can help investors better navigate investing. Click to learn more!","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-makes-stocks-go-up-and-down-banner\u002FWhat-makes-stocks-go-up-and-down-banner.jpg?_i=AA",{"url":54,"title":55,"description":56,"ogImage":57},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fdividend-yield-meaning-formula-example","Dividend Yield: Meaning, Formula, Example | Tikr.com Blog | TIKR.com","The dividend yield is a key metric for investors looking to gauge the income potential of their investments. It measures how much a company pays out in","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FDividend-yield\u002FDividend-yield.png?_i=AA",{"url":59,"title":60,"description":61,"ogImage":62},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fmarket-capitalization-definition-formula-and-why-it-matters","Market Capitalization: Definition, Formula, and Why It Matters | TIKR.com","Long-term investors often look at various valuation metrics when deciding whether to invest in a particular company. One helpful metric to evaluate is","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FMarket-Capitalization-Definition-Formula-and-Why-It-Matters\u002FMarket-Capitalization-Definition-Formula-and-Why-It-Matters.png?_i=AA",{"url":64,"title":65,"description":66,"ogImage":67},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fearnings-per-share-definition-formula-and-why-eps-matters","Earnings Per Share: Definition, Formula, and Why EPS Matters | TIKR.com","Earnings Per Share (EPS) represents the portion of a company's net earnings allocated to each share. Click to learn more!","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FEPS-Defiinition-formula-and-why-EPS-matters-1\u002FEPS-Defiinition-formula-and-why-EPS-matters-1.png?_i=AA",{"url":69,"title":70,"description":71,"ogImage":72},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-a-stock-price-target","What Is a Stock Price Target? | TIKR.com","A price target is a stock's estimated future price. It can help investors quickly find undervalued stocks. Learn more now!","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-is-a-Stock-Price-Target-2\u002FWhat-is-a-Stock-Price-Target-2.png?_i=AA",{"icon":74,"slug":75,"title":76,"description":77,"featuredLinks":78},"material-symbols:analytics-outline","fundamental-analysis","Fundamental Analysis","\u003Cp>In-depth resources and financial metrics to help you evaluate companies like a pro.\u003C\u002Fp>\n",[79,84,89,94,99],{"url":80,"title":81,"description":82,"ogImage":83},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fshare-repurchase-why-do-companies-buy-back-their-stock","Share Repurchase: Why Do Companies Buy Back Their Stock? | TIKR.com","Share repurchases, or share buybacks, have gained popularity in the last two decades. According to a report from Goldman Sachs, stock buybacks initiated","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FTIKR-BLOG-COVER-PHOTOS-3_544a7f4e\u002FTIKR-BLOG-COVER-PHOTOS-3_544a7f4e.png?_i=AA",{"url":85,"title":86,"description":87,"ogImage":88},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-a-good-return-on-invested-capital","What Is a Good Return on Invested Capital? | TIKR.com","Learning about Return on Invested Capital (ROIC) can help investors spot highly profitable stocks that can drive long-term returns. Learn more now!","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-is-a-good-return-on-Invested-capital\u002FWhat-is-a-good-return-on-Invested-capital.png?_i=AA",{"url":90,"title":91,"description":92,"ogImage":93},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-a-good-return-on-equity-ratio","What is a Good Return on Equity Ratio | Tikr.com Blog | TIKR.com","Return on Equity (ROE) is a financial ratio that reflects a company's profitability in relation to the equity invested by shareholders. It basically","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-is-a-good-return-on-equity-ratio-1\u002FWhat-is-a-good-return-on-equity-ratio-1.jpg?_i=AA",{"url":95,"title":96,"description":97,"ogImage":98},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-a-good-p-e-ratio","What Is a Good P\u002FE Ratio? | TIKR.com","Financial analysts and investors look at various metrics before deciding whether a stock is a buy. One of the metrics is the price-to-earnings ratio (P\u002FE","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-is-a-good-PE-ratio-1\u002FWhat-is-a-good-PE-ratio-1.jpg?_i=AA",{"url":100,"title":101,"description":102,"ogImage":103},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Ftop-6-metrics-for-investing-in-reits","Top 6 Metrics for Investing in REITs | TIKR.com","Real estate has been one of the greatest asset classes for wealth creation in history, and investing in Real Estate Investment Trusts (REITs) can allow","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FGroup-10\u002FGroup-10.png?_i=AA",{"icon":105,"slug":106,"title":107,"description":108,"featuredLinks":109},"hugeicons:investigation","investing-lingo","Investing Lingo","\u003Cp>A comprehensive glossary of investing terms and jargon so you can speak the language of the markets confidently.\u003C\u002Fp>\n",[110,115,120],{"url":111,"title":112,"description":113,"ogImage":114},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fenterprise-value-definition-and-calculation","Enterprise Value: Definition and Calculation | Tikr.com Blog | TIKR.com","Enterprise value (EV) is a financial metric that offers a comprehensive snapshot of a company's total value. Unlike market capitalization which solely","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FEnterprise-Value-Definition-and-Calculation_37576e40\u002FEnterprise-Value-Definition-and-Calculation_37576e40.png?_i=AA",{"url":116,"title":117,"description":118,"ogImage":119},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Febitda-definition-formula-how-to-use-it","EBITDA: Definition, Formula, How to Use It | TIKR.com","EBITDA stands for earnings before interest, taxes, depreciation and amortization. It's a financial metric commonly used to evaluate a company's financial","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FEBITDA-Definition-Formula-How-to-Use-It\u002FEBITDA-Definition-Formula-How-to-Use-It.png?_i=AA",{"url":121,"title":122,"description":123,"ogImage":124},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-the-free-cash-flow-formula-and-why-does-it-matter","What is the Free Cash Flow Formula and Why Does It Matter | TIKR.com","Free cash flow, or FCF, is the cash a company generates after it accounts for outflows required to maintain business operations and support capital","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-is-the-free-cash-flow-formula\u002FWhat-is-the-free-cash-flow-formula.png?_i=AA",[126,130,134,137,141,145],{"slug":127,"modified":128,"title":129},"valuation-model-builder","2025-07-03T00:18:53","Value Stocks Quickly and Accurately",{"slug":131,"modified":132,"title":133},"stock-portfolio-tracking","2024-12-02T22:21:28","Monitor Your Portfolio",{"slug":75,"modified":135,"title":136},"2025-01-21T22:10:52","Instantly Analyze Companies with In-Depth Metrics",{"slug":138,"modified":139,"title":140},"stock-screener","2024-12-02T22:13:31","Find the Best Stocks to Buy",{"slug":142,"modified":143,"title":144},"investor-stock-portfolio","2025-01-21T22:02:56","Follow Investment Moves of Top Investors",{"slug":146,"modified":147,"title":148},"analyze-stocks","2025-07-23T16:04:24","Analyze Stocks",[150,154,158,162,166,170,174,178,182,186,190,194,198,202,206,210,214,218],{"slug":151,"title":152,"modified":153},"bloomberg","Bloomberg","2025-01-16T14:23:44",{"slug":155,"title":156,"modified":157},"morningstar","Morningstar","2025-01-16T14:25:16",{"slug":159,"title":160,"modified":161},"sentieo","Sentieo","2025-01-16T17:58:27",{"slug":163,"title":164,"modified":165},"googlefinance","Google Finance","2025-01-17T19:39:37",{"slug":167,"title":168,"modified":169},"tradingview","TradingView","2025-01-16T18:17:01",{"slug":171,"title":172,"modified":173},"factset","Factset","2025-01-16T18:20:16",{"slug":175,"title":176,"modified":177},"finviz","Finviz","2025-01-16T18:23:40",{"slug":179,"title":180,"modified":181},"ycharts","YCharts","2025-01-16T18:32:19",{"slug":183,"title":184,"modified":185},"marketbeat","MarketBeat","2025-03-11T00:27:23",{"slug":187,"title":188,"modified":189},"benzinga","Benzinga","2025-03-11T00:31:00",{"slug":191,"title":192,"modified":193},"gurufocus","Gurufocus","2025-03-11T00:31:12",{"slug":195,"title":196,"modified":197},"fast-graphs","FAST Graphs","2025-03-11T00:31:19",{"slug":199,"title":200,"modified":201},"tipranks","TipRanks","2025-03-11T00:31:26",{"slug":203,"title":204,"modified":205},"seeking-alpha","Seeking Alpha","2025-03-11T00:31:45",{"slug":207,"title":208,"modified":209},"thestreet","TheStreet","2025-03-11T00:31:52",{"slug":211,"title":212,"modified":213},"investing-com","Investing.com","2025-03-11T00:32:00",{"slug":215,"title":216,"modified":217},"zacks","Zacks","2025-03-26T15:40:40",{"slug":219,"title":220,"modified":221},"alphasense","AlphaSense","2025-03-11T00:32:15",{"post":223,"seo":255,"relatedPosts":261,"suggestedPosts":340},{"id":224,"title":225,"date":226,"modified":227,"excerpt":228,"content":229,"wordCount":230,"lang":231,"uri":232,"slug":233,"cloudinaryAssetId":-1,"featuredImageOriginalUrl":234,"featuredImageMetadata":235,"author":237,"editor":243,"categories":248,"relatedPosts":252,"seo":253},146168,"Novartis Already Paid for Its $1.9 Billion Write-Down. The Raise Is the New Part","2026-10-27T09:08:39","2026-10-27T09:08:45","\u003Cp>Novartis wrote off 26% of del-desiran but kept $5.5 billion of it on the books, and raised profit guidance while free cash flow fell 18%. Here’s the math.\u003C\u002Fp>\n","\n\u003Cp class=\"wp-block-paragraph\">\u003Cstrong>Novartis (\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fstock\u002Fabout?cid=382553&tid=2634912&ref=q2enxr\">NVS\u003C\u002Fa>)\u003C\u002Fstrong> raised its 2026 profit outlook on Tuesday, October 27, even as it booked a $1.9 billion write-down on a failed drug. Core operating income is now expected to come in flat to up low single digits at constant currencies, against a low single-digit decline before. The \u003Ca href=\"https:\u002F\u002Fwww.novartis.com\u002Fnews\u002Fmedia-releases\u002Fnovartis-delivered-sales-growth-and-core-margin-expansion-q3-raised-fy-core-operating-income-guidance\">third-quarter release\u003C\u002Fa> showed core EPS of $2.46, about 9% above the $2.25 Zacks consensus, while sales of $14.52 billion came in just under the $14.56 billion estimate.\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">The write-down follows a trial setback disclosed seven weeks ago that had already triggered a sharp selloff. What’s new is the raise: with sales guidance unchanged, it points to stronger margins, and cash flow isn’t keeping pace.\u003C\u002Fp>\n\n\n\n\u003Ch2 class=\"wp-block-heading\">Where Novartis Found the Extra Profit\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">Sales grew 4% at constant currencies, while core operating income rose 10% to $6.04 billion. The core margin hit 41.6%, up 2 points. Kisqali (+37%), Kesimpta (+22%), Scemblix (+67%) and Leqvio (+63%) offset generic erosion, which CEO Vas Narasimhan called proof of “the replacement power of the business.”\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">Novartis left its sales outlook at low single-digit growth, so the higher profit outlook points to stronger expected margins. A lower share count also helped year-over-year EPS growth.\u003C\u002Fp>\n\n\n\n\u003Ch2 id=\"h-what-september-already-cost-novartis-holders\" class=\"wp-block-heading\">What September Already Cost Novartis Holders\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">The $1.94 billion is a partial impairment on del-desiran, the muscle-wasting drug at the center of the $12 billion Avidity deal. Novartis disclosed HARBOR’s primary-endpoint miss on September 8, four days after announcing the failed trial for heart drug pelacarsen. The Swiss-listed shares closed down 10.9%, erasing about CHF26 billion ($32 billion) in market value, \u003Ca href=\"https:\u002F\u002Fwww.reuters.com\u002Fbusiness\u002Fhealthcare-pharmaceuticals\u002Fnovartis-announces-trial-setback-del-desiran-drug-2026-09-08\u002F\" target=\"_blank\" rel=\"noopener\">according to Reuters\u003C\u002Fa>. The ADRs fell 13.9% to $137.70, a move that also carried the pelacarsen news, which landed after the U.S. close on September 4, with markets shut for Labor Day on September 7.\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">The impairment wrote off roughly 26% of del-desiran’s $7.48 billion carrying value, \u003Ca href=\"https:\u002F\u002Fwww.novartis.com\u002Fsites\u002Fnovartis_com\u002Ffiles\u002Fq3-2026-interim-financial-report-en.pdf\" target=\"_blank\" rel=\"noopener\">according to the interim report\u003C\u002Fa>, leaving about $5.5 billion on the books for a drug that missed its main goal. That balance is what’s at risk if Novartis scales the program back further. The charge is non-cash and sits outside core earnings.\u003C\u002Fp>\n\n\n\n\u003Ch2 id=\"h-tikr-tracks-12-analysts-on-novartis-how-many-say-buy\" class=\"wp-block-heading\">\u003Cstrong>TIKR Tracks 12 Analysts on Novartis. How Many Say “Buy”?\u003C\u002Fstrong>\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">See the full breakdown of Buy, Hold, and Sell ratings on Novartis, along with Wall Street’s revenue and earnings estimates, all in one place. More than 500,000 investors use TIKR to research stocks like this one. \u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fregister?ref=tikrblog\">See Novartis’s Analyst Ratings\u003C\u002Fa>\u003C\u002Fp>\n\n\n\n\u003Ch2 class=\"wp-block-heading\">Cash Is Lagging the Profit Story\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">Free cash flow fell 18% to $5.1 billion in the third quarter, from $6.2 billion a year earlier. Over nine months, it totals $14.0 billion against $15.9 billion, a 12% drop, while core operating income slipped only 1%.\u003C\u002Fp>\n\n\n\n\u003Cfigure class=\"wp-block-image size-full\">\u003Cimg width=\"1120\" height=\"740\" data-public-id=\"images\u002Fimage-640_14617109b5d\u002Fimage-640_14617109b5d.png\" loading=\"lazy\" decoding=\"async\" src=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1120,h_740,c_scale\u002Ff_webp,q_auto\u002Fv1793091059\u002Fimages\u002Fimage-640_14617109b5d\u002Fimage-640_14617109b5d.png?_i=AA\" alt=\"novartis NVS Quarterly Free Cash Flow and Net Income: Q3 2024-Q2 2026 (TIKR)\" class=\"wp-post-146168 wp-image-146171\" data-format=\"webp\" data-transformations=\"f_webp,q_auto\" data-version=\"1793091059\" data-seo=\"1\" srcset=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Ff_webp,q_auto\u002Fv1793091059\u002Fimages\u002Fimage-640_14617109b5d\u002Fimage-640_14617109b5d.png?_i=AA 1120w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_300,h_198,c_scale\u002Ff_webp,q_auto\u002Fv1793091059\u002Fimages\u002Fimage-640_14617109b5d\u002Fimage-640_14617109b5d.png?_i=AA 300w\" sizes=\"auto, (max-width: 1120px) 100vw, 1120px\" \u002F>\u003Cfigcaption class=\"wp-element-caption\">NVS Quarterly Free Cash Flow and Net Income: Q3 2024-Q2 2026 \u003Cstrong>(TIKR)\u003C\u002Fstrong>\u003C\u002Ffigcaption>\u003C\u002Ffigure>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">That’s softer, not broken. Cash still ran about four times reported net income this quarter, because the impairment never left the bank. But fourth-quarter 2025 free cash flow of $1.66 billion trailed net income of $2.41 billion, so another weak fourth quarter would turn this into a pattern.\u003C\u002Fp>\n\n\n\n\u003Ch2 class=\"wp-block-heading\">What Novartis Holders Are Paying For\u003C\u002Fh2>\n\n\n\n\u003Cfigure class=\"wp-block-image size-full\">\u003Cimg width=\"1120\" height=\"740\" data-public-id=\"images\u002Fimage-638_146169a4e97\u002Fimage-638_146169a4e97.png\" loading=\"lazy\" decoding=\"async\" src=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1120,h_740,c_scale\u002Ff_webp,q_auto\u002Fv1793091039\u002Fimages\u002Fimage-638_146169a4e97\u002Fimage-638_146169a4e97.png?_i=AA\" alt=\"novartis NVS Stock NTM P\u002FE: 2021-2026 (TIKR)\" class=\"wp-post-146168 wp-image-146169\" data-format=\"webp\" data-transformations=\"f_webp,q_auto\" data-version=\"1793091039\" data-seo=\"1\" srcset=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Ff_webp,q_auto\u002Fv1793091039\u002Fimages\u002Fimage-638_146169a4e97\u002Fimage-638_146169a4e97.png?_i=AA 1120w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_300,h_198,c_scale\u002Ff_webp,q_auto\u002Fv1793091039\u002Fimages\u002Fimage-638_146169a4e97\u002Fimage-638_146169a4e97.png?_i=AA 300w\" sizes=\"auto, (max-width: 1120px) 100vw, 1120px\" \u002F>\u003Cfigcaption class=\"wp-element-caption\">NVS Stock NTM P\u002FE: 2021-2026 \u003Cstrong>(TIKR)\u003C\u002Fstrong>\u003C\u002Ffigcaption>\u003C\u002Ffigure>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">The stock trades at 16.4x forward earnings, above its 5-year average of 14.3x. September knocked the multiple down from near 18x, and it has only partly recovered.\u003C\u002Fp>\n\n\n\n\u003Cfigure class=\"wp-block-image size-full\">\u003Cimg width=\"1120\" height=\"742\" data-public-id=\"images\u002Fimage-642_146173fe4c2\u002Fimage-642_146173fe4c2.png\" loading=\"lazy\" decoding=\"async\" src=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1120,h_742,c_scale\u002Ff_webp,q_auto\u002Fv1793091651\u002Fimages\u002Fimage-642_146173fe4c2\u002Fimage-642_146173fe4c2.png?_i=AA\" alt=\"\" class=\"wp-post-146168 wp-image-146173\" data-format=\"webp\" data-transformations=\"f_webp,q_auto\" data-version=\"1793091651\" data-seo=\"1\" srcset=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Ff_webp,q_auto\u002Fv1793091651\u002Fimages\u002Fimage-642_146173fe4c2\u002Fimage-642_146173fe4c2.png?_i=AA 1120w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_300,h_199,c_scale\u002Ff_webp,q_auto\u002Fv1793091651\u002Fimages\u002Fimage-642_146173fe4c2\u002Fimage-642_146173fe4c2.png?_i=AA 300w\" sizes=\"auto, (max-width: 1120px) 100vw, 1120px\" \u002F>\u003Cfigcaption class=\"wp-element-caption\">NVS EPS Estimates: 2026-2028 \u003Cstrong>(TIKR)\u003C\u002Fstrong>\u003C\u002Ffigcaption>\u003C\u002Ffigure>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">The Street expects EPS of $8.83 this year, $9.80 in 2027 and $10.69 in 2028, about 10% a year. Novartis guides to sales growth of 5% to 6% a year through 2030, so margin has to keep doing what it did this quarter. Today’s raise makes that more believable. At 16.4x, though, the price already counts on it, and the 2027 estimate needs 11% EPS growth from a company that just held its sales outlook.\u003C\u002Fp>\n\n\n\n\u003Ch2 id=\"h-so-what-is-novartis-stock-actually-worth\" class=\"wp-block-heading\">So What Is Novartis Stock Actually Worth?\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">\u003Cbr>TIKR lets you forecast the future price of any stock in less than a minute. Just enter a few assumptions into TIKR’s valuation model and see what NVS stock could be worth. Start from Wall Street consensus estimates, or adjust the inputs to reflect your own view of the business. It’s free to use.\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fregister?ref=tikrblog\">Value Novartis AG for free\u003Cstrong>\u003Cem>→\u003C\u002Fem>\u003C\u002Fstrong>\u003C\u002Fa>\u003C\u002Fp>\n\n\n\n\u003Ch2 id=\"h-disclaimer\" class=\"wp-block-heading\">Disclaimer:\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">\u003Cem>Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any of the stocks mentioned. Thank you for reading, and happy investing!\u003C\u002Fem>\u003C\u002Fp>\n",763,"en","\u002Fblog\u002Fnovartis-already-paid-for-its-1-9-billion-write-down-the-raise-is-the-new-part","novartis-already-paid-for-its-1-9-billion-write-down-the-raise-is-the-new-part","https:\u002F\u002Ftikr1.wpengine.com\u002Fwp-content\u002Fuploads\u002F2026\u002F10\u002FFEATURED-IMAGE-MAKER-1904-600x400.png",{"altText":225,"imageCredit":236}," rimmabondarenko and tatyanakorenyugina via Canva",{"name":238,"slug":239,"role":240,"roleTitle":241,"biography":241,"avatar":241,"socialMediaLinks":242},"Gian Estrada","giantikr","author","",[],{"name":244,"slug":245,"role":246,"roleTitle":241,"biography":241,"avatar":241,"socialMediaLinks":247},"David Hanson","davidtikr","editor",[],[249],{"name":76,"slug":75,"uri":250,"description":241,"postsCount":251},"\u002Fblog\u002Fcategory\u002Ffundamental-analysis",0,[],{"title":225,"metaDesc":254,"opengraphDescription":254,"twitterTitle":225,"twitterDescription":254},"Novartis wrote off 26% of del-desiran but kept $5.5 billion of it on the books, and raised profit guidance while free cash flow fell 18%. Here’s the math.",{"title":225,"description":254,"twitterTitle":225,"twitterDescription":254,"author":238,"articlePublisher":256,"articlePublishedTime":226,"articleModifiedTime":227,"twitterLabel1":257,"twitterData1":258,"ogTitle":225,"ogDescription":254,"ogUrl":232,"ogImage":234,"ogImageWidth":259,"ogImageHeight":260,"ogImageSecureUrl":234,"ogImageAlt":225,"twitterImage":234},"TIKR.com","Est. reading time","5 minutes",1200,630,[262,277,294,309,325],{"id":251,"title":263,"date":264,"excerpt":265,"wordCount":266,"uri":267,"slug":268,"cloudinaryAssetId":269,"featuredImageOriginalUrl":270,"featuredImageMetadata":271,"author":272,"categories":274,"relatedPosts":276},"5 Surging ETFs Up More than 50% in 2026","2026-10-06 18:45:41","ARKG, EWY, EWT, SMH and TQQQ are up 58% to 95% in 2026, crushing the S&P 500. Here's what's driving these surging ETFs and the risks behind them.",702,"\u002Fblog\u002Fsurging-etfs-up-in-2026","surging-etfs-up-in-2026","images\u002FUntitled-design-2026-10-06T143548.474\u002FUntitled-design-2026-10-06T143548.474","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1791311784\u002Fimages\u002FUntitled-design-2026-10-06T143548.474\u002FUntitled-design-2026-10-06T143548.474.png?_i=AA",{"altText":263},{"name":244,"slug":245,"role":240,"roleTitle":241,"biography":241,"avatar":241,"socialMediaLinks":273},[],[275],{"name":76,"slug":75,"uri":250,"description":241,"postsCount":251},[],{"id":251,"title":278,"date":279,"excerpt":280,"wordCount":281,"uri":282,"slug":283,"cloudinaryAssetId":284,"featuredImageOriginalUrl":285,"featuredImageMetadata":286,"author":287,"categories":291,"relatedPosts":293},"Trulieve Sinks 14% as DEA Judge Pauses Cannabis Rescheduling Over GAO Report Flagging \"Gaps\"","2026-09-30 14:19:28","Every month of delay hurts",520,"\u002Fblog\u002Ftrulieve-sinks-14-as-dea-judge-pauses-cannabis-rescheduling-over-gao-report-flagging-gaps","trulieve-sinks-14-as-dea-judge-pauses-cannabis-rescheduling-over-gao-report-flagging-gaps","images\u002FYouTube-Thumbnail-Design-14\u002FYouTube-Thumbnail-Design-14","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1790777802\u002Fimages\u002FYouTube-Thumbnail-Design-14\u002FYouTube-Thumbnail-Design-14.png?_i=AA",{"altText":278},{"name":288,"slug":289,"role":240,"roleTitle":241,"biography":241,"avatar":241,"socialMediaLinks":290},"Michael Douglass","michaeldouglass",[],[292],{"name":76,"slug":75,"uri":250,"description":241,"postsCount":251},[],{"id":251,"title":295,"date":296,"excerpt":297,"wordCount":298,"uri":299,"slug":300,"cloudinaryAssetId":301,"featuredImageOriginalUrl":302,"featuredImageMetadata":303,"author":304,"categories":306,"relatedPosts":308},"Opinion: Why Apple Is \"Terrified of Whatever OpenAI Is Building\"","2026-09-30 13:40:53","Decisions, decisions",789,"\u002Fblog\u002Fopinion-why-apple-is-terrified-of-whatever-openai-is-building","opinion-why-apple-is-terrified-of-whatever-openai-is-building","images\u002FYouTube-Thumbnail-Design-13\u002FYouTube-Thumbnail-Design-13","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1790775437\u002Fimages\u002FYouTube-Thumbnail-Design-13\u002FYouTube-Thumbnail-Design-13.png?_i=AA",{"altText":295},{"name":288,"slug":289,"role":240,"roleTitle":241,"biography":241,"avatar":241,"socialMediaLinks":305},[],[307],{"name":76,"slug":75,"uri":250,"description":241,"postsCount":251},[],{"id":251,"title":310,"date":311,"excerpt":312,"wordCount":313,"uri":314,"slug":315,"cloudinaryAssetId":-1,"featuredImageOriginalUrl":316,"featuredImageMetadata":317,"author":318,"categories":322,"relatedPosts":324},"Bot Traffic Will Be \"1000X\" Bigger Than Human Traffic in Just Five Years, According to Cloudflare CEO","2026-09-29 22:17:36","Cloudflare CEO Matthew Prince says automated traffic could become 1,000 times human traffic within five years if current trends continue. With more than 20% of the web sitting behind Cloudflare's network, investors will be watching whether surging bot traffic translates into faster revenue growth as NET trades near the top of its three-year forward EV\u002Frevenue range.",1104,"\u002Fblog\u002Fbot-traffic-will-be-1000x-bigger-than-human-traffic-in-just-five-years-according-to-cloudflare-ceo","bot-traffic-will-be-1000x-bigger-than-human-traffic-in-just-five-years-according-to-cloudflare-ceo","https:\u002F\u002Ftikr1.wpengine.com\u002Fwp-content\u002Fuploads\u002F2026\u002F09\u002F@jittawit21-from-jittawit21-via-Canva-@3alexd-from-Getty-Images-Signature-via-Canva-600x400.png",{"altText":310},{"name":319,"slug":320,"role":240,"roleTitle":241,"biography":241,"avatar":241,"socialMediaLinks":321},"Nikko Henson","nikkotikr",[],[323],{"name":76,"slug":75,"uri":250,"description":241,"postsCount":251},[],{"id":251,"title":326,"date":327,"excerpt":328,"wordCount":329,"uri":330,"slug":331,"cloudinaryAssetId":332,"featuredImageOriginalUrl":333,"featuredImageMetadata":334,"author":335,"categories":337,"relatedPosts":339},"Meta's Muse Earned a \"20% Bump on the Multiple.\" Now Earnings Have to Catch Up","2026-09-29 19:54:22","Meta's Muse rally has pushed the stock's valuation higher before Wall Street's earnings forecasts have caught up. With Meta now building an enterprise business around its AI stack, EPS revisions and free cash flow could be the next tests for investors.",1133,"\u002Fblog\u002Fmetas-muse-earned-a-20-bump-on-the-multiple-now-earnings-have-to-catch-up","metas-muse-earned-a-20-bump-on-the-multiple-now-earnings-have-to-catch-up","images\u002F@VincenzoSantori-1500100-from-pixabay-via-Canva-@yangwenshuang-from-Getty-Images-Signature-via-Canva-1\u002F@VincenzoSantori-1500100-from-pixabay-via-Canva-@yangwenshuang-from-Getty-Images-Signature-via-Canva-1","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1790711140\u002Fimages\u002F@VincenzoSantori-1500100-from-pixabay-via-Canva-@yangwenshuang-from-Getty-Images-Signature-via-Canva-1\u002F@VincenzoSantori-1500100-from-pixabay-via-Canva-@yangwenshuang-from-Getty-Images-Signature-via-Canva-1.png?_i=AA",{"altText":326},{"name":319,"slug":320,"role":240,"roleTitle":241,"biography":241,"avatar":241,"socialMediaLinks":336},[],[338],{"name":76,"slug":75,"uri":250,"description":241,"postsCount":251},[],[341,359,373,388,403,418,438,453,468,483],{"id":251,"title":342,"date":343,"excerpt":344,"wordCount":345,"uri":346,"slug":347,"cloudinaryAssetId":348,"featuredImageOriginalUrl":349,"featuredImageMetadata":350,"author":351,"categories":353,"relatedPosts":358},"Alphabet Is Up 21% in a Year but 23% Off Its High: Take Profits, or Buy More?","2026-10-27 09:00:00","Wednesday's report is the big test, and the price looks fair going in",1017,"\u002Fblog\u002Falphabet-is-up-21-in-a-year-but-23-off-its-high-take-profits-or-buy-more","alphabet-is-up-21-in-a-year-but-23-off-its-high-take-profits-or-buy-more","images\u002FBHVN-stock-Icons8-Photos-via-Canva_14385360fe1\u002FBHVN-stock-Icons8-Photos-via-Canva_14385360fe1","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1792699520\u002Fimages\u002FBHVN-stock-Icons8-Photos-via-Canva_14385360fe1\u002FBHVN-stock-Icons8-Photos-via-Canva_14385360fe1.png?_i=AA",{"altText":342},{"name":238,"slug":239,"role":240,"roleTitle":241,"biography":241,"avatar":241,"socialMediaLinks":352},[],[354],{"name":355,"slug":356,"uri":357,"description":241,"postsCount":251},"General Investing","general-investing","\u002Fblog\u002Fcategory\u002Fgeneral-investing",[],{"id":251,"title":360,"date":361,"excerpt":362,"wordCount":363,"uri":364,"slug":365,"cloudinaryAssetId":-1,"featuredImageOriginalUrl":366,"featuredImageMetadata":367,"author":368,"categories":370,"relatedPosts":372},"HSBC Launches $1 Billion Buyback as Quarterly Pretax Profit Jumps 32%","2026-10-27 08:43:32"," HSBC cut costs ahead of plan and lifted profit 32%, yet its shares fell more than 6%. A shrinking buyback and a flat wealth unit explain the sell-off.",853,"\u002Fblog\u002Fhsbc-launches-1-billion-buyback-as-quarterly-pretax-profit-jumps-32","hsbc-launches-1-billion-buyback-as-quarterly-pretax-profit-jumps-32","https:\u002F\u002Ftikr1.wpengine.com\u002Fwp-content\u002Fuploads\u002F2026\u002F10\u002FFEATURED-IMAGE-MAKER-1903-600x400.png",{"altText":360},{"name":238,"slug":239,"role":240,"roleTitle":241,"biography":241,"avatar":241,"socialMediaLinks":369},[],[371],{"name":355,"slug":356,"uri":357,"description":241,"postsCount":251},[],{"id":251,"title":374,"date":375,"excerpt":376,"wordCount":377,"uri":378,"slug":379,"cloudinaryAssetId":380,"featuredImageOriginalUrl":381,"featuredImageMetadata":382,"author":383,"categories":385,"relatedPosts":387},"FIGS Just Gained 49% in a Month: Take Profits, or Buy More?","2026-10-27 08:15:29","Hard to argue with the business, easier to argue with the price",892,"\u002Fblog\u002Ffigs-just-gained-49-in-a-month-take-profits-or-buy-more","figs-just-gained-49-in-a-month-take-profits-or-buy-more","images\u002FFIGS-stock-Minerva-Studio-via-Canva_143986501d8\u002FFIGS-stock-Minerva-Studio-via-Canva_143986501d8","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1792701086\u002Fimages\u002FFIGS-stock-Minerva-Studio-via-Canva_143986501d8\u002FFIGS-stock-Minerva-Studio-via-Canva_143986501d8.png?_i=AA",{"altText":374},{"name":319,"slug":320,"role":240,"roleTitle":241,"biography":241,"avatar":241,"socialMediaLinks":384},[],[386],{"name":355,"slug":356,"uri":357,"description":241,"postsCount":251},[],{"id":251,"title":389,"date":390,"excerpt":391,"wordCount":392,"uri":393,"slug":394,"cloudinaryAssetId":395,"featuredImageOriginalUrl":396,"featuredImageMetadata":397,"author":398,"categories":400,"relatedPosts":402},"Dell Stock Sinks 21% in a Week After Barclays Downgrade: Is the AI Rally Losing Steam?","2026-10-27 07:16:42","Now Dell has to show the cash",651,"\u002Fblog\u002Fdell-stock-sinks-21-in-a-week-after-barclays-downgrade-is-the-ai-rally-losing-steam","dell-stock-sinks-21-in-a-week-after-barclays-downgrade-is-the-ai-rally-losing-steam","images\u002FDELL-stock_129412eec92\u002FDELL-stock_129412eec92","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1788884229\u002Fimages\u002FDELL-stock_129412eec92\u002FDELL-stock_129412eec92.png?_i=AA",{"altText":389},{"name":319,"slug":320,"role":240,"roleTitle":241,"biography":241,"avatar":241,"socialMediaLinks":399},[],[401],{"name":355,"slug":356,"uri":357,"description":241,"postsCount":251},[],{"id":251,"title":404,"date":405,"excerpt":406,"wordCount":407,"uri":408,"slug":409,"cloudinaryAssetId":410,"featuredImageOriginalUrl":411,"featuredImageMetadata":412,"author":413,"categories":415,"relatedPosts":417},"Tesla Jumps 5% as Barclays Raises Its Target to $450 on SpaceX Merger Prospects","2026-10-27 07:00:00","Barclays’ $450 target added $77 billion to Tesla in a day. Tesla’s own earnings support far less of that than the SpaceX deal nobody has signed yet.",808,"\u002Fblog\u002Ftesla-jumps-5-as-barclays-raises-its-target-to-450-on-spacex-merger-prospects","tesla-jumps-5-as-barclays-raises-its-target-to-450-on-spacex-merger-prospects","images\u002FFEATURED-IMAGE-MAKER-1902\u002FFEATURED-IMAGE-MAKER-1902","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793079304\u002Fimages\u002FFEATURED-IMAGE-MAKER-1902\u002FFEATURED-IMAGE-MAKER-1902.png?_i=AA",{"altText":404},{"name":238,"slug":239,"role":240,"roleTitle":241,"biography":241,"avatar":241,"socialMediaLinks":414},[],[416],{"name":355,"slug":356,"uri":357,"description":241,"postsCount":251},[],{"id":251,"title":419,"date":420,"excerpt":421,"wordCount":422,"uri":423,"slug":424,"cloudinaryAssetId":425,"featuredImageOriginalUrl":426,"featuredImageMetadata":427,"author":428,"categories":432,"relatedPosts":437},"CleanSpark Stock Fell 39% in October. Its Landlord Bet Now Rides on Meta’s Credit","2026-10-26 21:10:00","CleanSpark won a Buy rating on October 22 that cited its Meta-backed lease, the same day the cost of insuring Meta’s debt hit a record. Shares fell, though less than peers. A signed Texas lease is the test.",882,"\u002Fblog\u002Fcleanspark-stock-fell-39-in-october-its-landlord-bet-now-rides-on-metas-credit","cleanspark-stock-fell-39-in-october-its-landlord-bet-now-rides-on-metas-credit","images\u002F9-16_1460328ff08\u002F9-16_1460328ff08","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793046765\u002Fimages\u002F9-16_1460328ff08\u002F9-16_1460328ff08.png?_i=AA",{"altText":419},{"name":429,"slug":430,"role":240,"roleTitle":241,"biography":241,"avatar":241,"socialMediaLinks":431},"Wiltone Asuncion","wiltonetikr",[],[433],{"name":434,"slug":435,"uri":436,"description":241,"postsCount":251},"Stock Reviews","reviews","\u002Fblog\u002Fcategory\u002Freviews",[],{"id":251,"title":439,"date":440,"excerpt":441,"wordCount":442,"uri":443,"slug":444,"cloudinaryAssetId":445,"featuredImageOriginalUrl":446,"featuredImageMetadata":447,"author":448,"categories":450,"relatedPosts":452},"Block Stock Is Cheaper Than at the End of 2025 Despite Higher Profit Forecasts. Here’s Where It Could Go by 2030","2026-10-26 21:05:00","Wall Street's next-12-month earnings estimate for Block rose 51% this year, while the stock rose 17%. BMO says the multiple is stuck. Block's CFO has said when Neighborhoods should start showing up in Cash App users, and the first report in that window is due November 3.",947,"\u002Fblog\u002Fblock-stock-is-cheaper-than-at-the-end-of-2025-despite-higher-profit-forecasts-heres-where-it-could-go-by-2030","block-stock-is-cheaper-than-at-the-end-of-2025-despite-higher-profit-forecasts-heres-where-it-could-go-by-2030","images\u002F8-15_14603149a44\u002F8-15_14603149a44","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793046753\u002Fimages\u002F8-15_14603149a44\u002F8-15_14603149a44.png?_i=AA",{"altText":439},{"name":429,"slug":430,"role":240,"roleTitle":241,"biography":241,"avatar":241,"socialMediaLinks":449},[],[451],{"name":434,"slug":435,"uri":436,"description":241,"postsCount":251},[],{"id":251,"title":454,"date":455,"excerpt":456,"wordCount":457,"uri":458,"slug":459,"cloudinaryAssetId":460,"featuredImageOriginalUrl":461,"featuredImageMetadata":462,"author":463,"categories":465,"relatedPosts":467},"Disney Stock Rose 10 Sessions in a Row While Bidding $20 Million for Character.AI’s Technology. Here’s Where It Could Go by 2030","2026-10-26 21:00:00","Disney climbed 11% in three weeks, including 10 straight gains, while lining up most of bankrupt Character.AI’s engineers. Thirty-one states and DC now object to the sale rules. Nearly all of October’s gain came from a higher multiple, so the November 17 report has to supply the earnings.",926,"\u002Fblog\u002Fdisney-stock-rose-10-sessions-in-a-row-while-bidding-20-million-for-character-ais-technology-heres-where-it-could-go-by-2030","disney-stock-rose-10-sessions-in-a-row-while-bidding-20-million-for-character-ais-technology-heres-where-it-could-go-by-2030","images\u002F7-16_1460307b672\u002F7-16_1460307b672","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793046759\u002Fimages\u002F7-16_1460307b672\u002F7-16_1460307b672.png?_i=AA",{"altText":454},{"name":429,"slug":430,"role":240,"roleTitle":241,"biography":241,"avatar":241,"socialMediaLinks":464},[],[466],{"name":434,"slug":435,"uri":436,"description":241,"postsCount":251},[],{"id":251,"title":469,"date":470,"excerpt":471,"wordCount":472,"uri":473,"slug":474,"cloudinaryAssetId":475,"featuredImageOriginalUrl":476,"featuredImageMetadata":477,"author":478,"categories":480,"relatedPosts":482},"Pfizer Rose Nearly 21% in 2026 as Its Forward P\u002FE Climbed From About 9 to 11 Times. Here’s What November 3 Has to Show","2026-10-26 20:55:00","Pfizer climbed above Wall Street’s mean price target in October even as its forward EPS estimate fell. The third-quarter report on November 3 is the first test of whether that higher multiple holds.",862,"\u002Fblog\u002Fpfizer-rose-nearly-21-in-2026-as-its-forward-p-e-climbed-from-about-9-to-11-times-heres-what-november-3-has-to-show","pfizer-rose-nearly-21-in-2026-as-its-forward-p-e-climbed-from-about-9-to-11-times-heres-what-november-3-has-to-show","images\u002F6-15_1460299f0d2\u002F6-15_1460299f0d2","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793046762\u002Fimages\u002F6-15_1460299f0d2\u002F6-15_1460299f0d2.png?_i=AA",{"altText":469},{"name":429,"slug":430,"role":240,"roleTitle":241,"biography":241,"avatar":241,"socialMediaLinks":479},[],[481],{"name":434,"slug":435,"uri":436,"description":241,"postsCount":251},[],{"id":251,"title":484,"date":485,"excerpt":486,"wordCount":487,"uri":488,"slug":489,"cloudinaryAssetId":490,"featuredImageOriginalUrl":491,"featuredImageMetadata":492,"author":493,"categories":495,"relatedPosts":497},"Pinterest Has Fallen After 4 of Its Last 5 Earnings Reports. Here’s What October 29 Needs to Show","2026-10-26 20:53:00","Pinterest has dropped the session after four of its last five earnings reports, even though it beat revenue estimates in four of those quarters. Its next-quarter outlook has tracked the stock more closely, and its CEO tied the new CFO search to selling ads beyond Pinterest’s own app.",872,"\u002Fblog\u002Fpinterest-has-fallen-after-4-of-its-last-5-earnings-reports-heres-what-october-29-needs-to-show","pinterest-has-fallen-after-4-of-its-last-5-earnings-reports-heres-what-october-29-needs-to-show","images\u002F5-16_1460283708d\u002F5-16_1460283708d","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793046769\u002Fimages\u002F5-16_1460283708d\u002F5-16_1460283708d.png?_i=AA",{"altText":484},{"name":429,"slug":430,"role":240,"roleTitle":241,"biography":241,"avatar":241,"socialMediaLinks":494},[],[496],{"name":434,"slug":435,"uri":436,"description":241,"postsCount":251},[]]