Barclays raises target for SKF stock from SEK 250 to SEK 260

Published on 10/07/2026 at 09:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue hit SEK 23.20 billion and net income reached SEK 1.26 billion. SKF stock costs EUR 24.69 on October 7, 2026 versus EUR 24.81.

Editorial-Foto eines Börsenhandelsraums mit Industrie-Kurscharts auf Bildschirmen — Börsen-Editorial zeigt Trading-Floor der Nasdaq Stockholm mit Industriesektor-Charts für SKF AB, ISIN SE0000108227, Illustration mit AI erstellt.

SKF stock (ISIN SE0000108227) was trading at EUR 24.69 at Lang & Schwarz on October 7, 2026 at 9:31 a.m. CEST, down 0.48 percent versus the prior close of EUR 24.81. On September 21, 2026, Barclays raised its target for SKF from SEK 250.00 to SEK 260.00, according to Affärsvärlden.

Barclays lifts the valuation marker

The revised SEK 260.00 target gives the market a higher reference point than Barclays' earlier SEK 250.00 level. The change was reported alongside other recent broker activity, including JPMorgan's September 18, 2026 target increase for SKF from SEK 230.00 to SEK 245.00, also listed by Affärsvärlden.

Those targets are quoted in Swedish kronor, while the reference price for this article is the euro quotation at Lang & Schwarz. The two currencies therefore describe separate market references and are not combined into a single upside calculation.

Second-quarter profit improves sharply

SKF reported revenue of SEK 23.20 billion and net income of SEK 1.26 billion for the second quarter of 2026, according to Yahoo Finance. The same source lists second-quarter earnings per share at SEK 2.77, with the quarter's revenue and earnings shown separately in its results overview.

Simply Wall St reports that second-quarter net income rose 145.00 percent from the second quarter of 2025, while revenue was SEK 23.20 billion and broadly flat year over year. The comparison puts the emphasis on profit conversion rather than headline sales growth.

Results date sets the next test

SKF's next scheduled reporting date is October 21, 2026, according to Yahoo Finance. That release will show whether the second-quarter net income improvement is sustained while revenue remains broadly stable.

SKF stock stays below the prior close

At Lang & Schwarz, SKF stock was trading at EUR 24.69 on October 7, 2026 at 9:31 a.m. CEST, down 0.48 percent versus the prior close of EUR 24.81. The further course of trading is shown by the continuously updated real-time quote of SKF stock.