Barclays keeps SEK 465.00 target for Sandvik stock

Published on 10/16/2026 at 15:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Sandvik reported 24.00 percent revenue growth at fixed exchange rates in Q2 2026. Sandvik stock costs EUR 32.24 on October 16, 2026.

Analyst target and quarterly figures

Barclays maintained a SEK 465.00 target and Buy rating for Sandvik on October 14, 2026.
Sandvik reported 24.00 percent revenue growth at fixed exchange rates in the second quarter of 2026.
Sandvik stock costs EUR 32.24 at Lang & Schwarz on October 16, 2026 at 3:38 p.m. CEST.
Sandvik's valuation stood at a P/E ratio of 26.73 and a market capitalization of SEK 450.2 billion on October 16, 2026.

Makroaufnahme einer Hartmetall-Fräserschneide im Studiolicht, Sandvik AB SE0000667891 — Sandvik AB (SE0000667891) entwickelt Hartmetallwerkzeuge mit widerstandsfähigen Schneidkanten für präzise Metallbearbeitung weltweit, Illustration mit AI erstellt.

Barclays maintained a Buy rating for Sandvik with a SEK 465.00 price target on October 14, 2026. Against Sandvik's latest home-market price of SEK 358.90, the target stands 29.56 percent higher. Sandvik stock was trading at EUR 32.24 at Lang & Schwarz on October 16, 2026 at 3:38 p.m. CEST.

Quarterly growth remains substantial

Sandvik's second-quarter 2026 revenue grew 24.00 percent at fixed exchange rates, while its adjusted EBITA margin reached 22.60 percent. The figures were published on the company's investor page, which also listed financial net debt at 1.00 times EBITDA. These measures give the October 22 results date a clear operating benchmark.

Sandvik said its third-quarter report will be published on October 22, 2026, at 8:00 a.m. CEST, followed by a webcast and conference call at 10:00 a.m. CEST. The company also scheduled its Capital Markets Day for November 24-25, 2026.

Stock position and trading activity

The latest Swedish-market quote was SEK 358.90 on October 16, 2026 at 3:53 p.m. CEST. Sandvik's 52-week range was SEK 262.70 to SEK 413.10, placing the price below the period high while keeping it well above the low. Trading volume was 504,913 shares against an average volume of 1,833,373 shares.

Valuation ahead of results

Sandvik's market capitalization was SEK 450.2 billion and its P/E ratio was 26.73 on October 16, 2026. The valuation will be tested by the third-quarter figures, particularly whether the adjusted EBITA margin can hold near the 22.60 percent level reported for the second quarter.

According to Markets Insider, Barclays analyst Vladimir Sergievskiy maintained the Buy rating and SEK 465.00 target on October 14, 2026. A separate Markets Insider report said RBC Capital maintained a Buy rating with a SEK 460.00 target on October 9, 2026.

Upcoming reporting dates

The October 22 quarterly report is the next scheduled corporate date, followed by the November 24-25 Capital Markets Day. For investors, the key comparison will be whether Sandvik converts its second-quarter revenue growth into another period of elevated profitability.

Trading perspective

Sandvik combines a 24.00 percent second-quarter revenue-growth figure with a 22.60 percent adjusted EBITA margin and two recent Buy ratings carrying targets above SEK 460.00. The October 22 report is the next dated test for those operating and valuation assumptions. The further course of trading is shown by the continuously updated real-time quote of Sandvik stock.