Nomura Holdings (NMR) Stock Forecast and Price Target (2026)
Last updated July 2026
Short answer
There is no meaningful analyst consensus for Nomura Holdings (NMR): too few analysts publish estimates on it for an average target to mean anything. That is normal for smaller and newer companies and says nothing about the business. What is left is the setup, the drivers and the risks below, which you assess yourself rather than starting from someone else's model. Walnut is not an investment adviser.
Why NMR has no consensus price target
Sell-side coverage follows trading volume and banking relationships, so smaller companies, recent listings, and names outside the major indices often carry little or none. That is the situation with NMR. It says nothing about the quality of the business, but it does mean there is no informed average to anchor to, and that any single target you find elsewhere is one analyst's model rather than a consensus.
All operating figures originate in Japanese yen and are translated here at ~JPY 159 per US dollar (Federal Reserve H.10, mid-August 2026); Nomura itself translated its June 2026 quarter at ~JPY 162.61, the New York noon buying rate on June 30, 2026, so published dollar equivalents vary with the rate chosen. One ADS equals one common share, which keeps the ADR arithmetic simple: the ~$28.6 billion capitalisation is just the Tokyo price converted. Quoted ADR dividend yields of roughly ~2.6% run below the ~3.3% implied by the JPY 51 declaration because ADR distributions arrive net of Japanese withholding tax and are converted at payment-date rates.
What could move NMR from here
In short: the drivers cited most often are Wealth Management is being rebuilt around recurring fees, Asset management scale after the Macquarie purchase, Wholesale is finally covering its cost base. The risk cited most often against it is wholesale revenue is genuinely cyclical, and a year of record trading results is a poor guide to the next one; Nomura has posted losing years in this division within recent memory.
Both sides are worked through properly, with the high and low targets used as the bull and bear anchors, on the NMR is it a buy page. This page deliberately stops at the numbers.
Investing in Nomura Holdings with AI
Connect the broker you already use and ask Walnut's AI how NMR fits what you actually hold: whether you own it already through a fund, what it would do to your concentration, and how it has tracked the S&P 500. Read-only by default, and you approve anything before it reaches your broker.
FAQ
What is the price target for Nomura Holdings (NMR)?
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There is no meaningful consensus price target for NMR, because too few analysts publish on it. That is common for smaller and newer companies. Where only one or two analysts cover a stock, an "average target" is really one person's model, so we do not print a number that would imply more agreement than exists. Check your broker's research tab for whatever individual coverage exists.
Why does NMR have no analyst forecast?
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Sell-side coverage follows trading volume and banking relationships, so small caps, recent listings, and companies outside the major indices often carry little or none. A lack of coverage says nothing about the business itself. It does mean you are doing the analysis yourself rather than starting from someone else's model.
What could move NMR?
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The drivers and the risks are laid out on this page and in more depth on the NMR "is it a buy" page. Without analyst estimates to anchor to, the honest framing is scenarios rather than a number.
Walnut is informational, not investment advice, and does not publish price targets of its own. The analyst figures on this page come from a August 2026 data pull of published third-party research, are approximate, and change constantly. Verify current figures with your broker before acting on them.