Is Wall Street Bullish or Bearish on Nordson Stock?

Westlake, Ohio-based Nordson Corporation (NDSN) engineers, manufactures, and markets products and systems to dispense, apply, and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids. Valued at $18.6 billion by market cap, the company's products include customized electronic controls for the precise application and curing of materials to meet customers' requirements.

Shares of this precision technology company have outperformed the broader market over the past year. NDSN has gained 46.6% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 19.3%. In 2026, NDSN stock is up 37.6%, surpassing the SPX’s 12.9% rise on a YTD basis.

Zooming in further, NDSN’s outperformance is also apparent compared to the State Street Industrial Select Sector SPDR ETF (XLI). The exchange-traded fund has gained about 16.8% over the past year. Moreover, NDSN’s returns on a YTD basis outshine the ETF’s 15.3% gains over the same time frame.

Nordson Corporation has outperformed over the past year due to consecutive earnings beats and strong operational momentum, capped by record fiscal Q3 results. This outperformance was primarily driven by a massive acceleration in its Advanced Technology Solutions segment, thanks to booming demand for semiconductor packaging and electronics manufacturing equipment. Coupled with broad-based organic growth across its Medical and Industrial segments, a surge in order backlog, high EBITDA margins, and subsequent upward revisions to its full-year guidance, NDSN has consistently delivered the visibility and profitable growth required to push its share price higher.   

On Aug. 19, NDSN reported its Q3 results, and its shares jumped 8% in the following trading session. Its adjusted EPS of $3.25 beat Wall Street expectations of $3.09. The company’s revenue was $817.7 million, up 10.3% year over year. NDSN expects full-year adjusted EPS in the range of $11.80 to $12, and revenue in the range of $3 billion to $3.1 billion.

For the current fiscal year, ending in October, analysts expect NDSN’s EPS to grow 15.5% to $11.83 on a diluted basis. The company’s earnings surprise history is impressive. It beat the consensus estimate in each of the last four quarters.

Among the eight analysts covering NDSN stock, the consensus is a “Moderate Buy.” That’s based on four “Strong Buy” ratings, and four “Holds.”

This configuration is less bullish than two months ago, with five analysts recommending a “Strong Buy.”

On Aug. 24, DA Davidson kept a “Buy” rating on NDSN and raised the price target to $375, the Street-high price target, implying a potential upside of 13.3% from current levels.

The mean price target of $354 represents a 7% premium to NDSN’s current price levels.