BNP Paribas raises SKF stock target from SEK 265 to SEK 280

Published on 10/08/2026 at 11:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter sales reached SEK 23.20 billion, flat year over year. SKF stock costs EUR 23.74 on October 8, 2026 after EUR 23.97, minus 0.96 percent.

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 23.74 at Lang & Schwarz on October 8, 2026 at 11:34 a.m. CEST, down 0.96 percent versus the prior close of EUR 23.97. BNP Paribas had raised its SKF target from SEK 265.00 to SEK 280.00 while keeping a Neutral rating on October 7, 2026, according to Placera.

Target rises as margins improve

The target increase came as SKF continued to show stronger profitability in its latest reported quarter. Yahoo Finance reported that second-quarter 2026 net sales were SEK 23.20 billion, flat year over year, while adjusted operating margin improved to 13.90 percent from 13.30 percent in the second quarter of 2025.

The comparison is important for investors because the margin expanded even as sales were unchanged. SKF also reported 1.40 percent organic growth in the second quarter of 2026, with Specialized Industrial Solutions providing a stronger contribution while Automotive organic growth fell 1.40 percent.

Cooling technology adds a new angle

SKF had also announced on October 7, 2026 that it would present its MBx magnetic bearing series and ceramic precision technologies at Chillventa from October 13 to October 15, 2026. The release said the technologies target chillers, heat pumps and data-center cooling, with energy-efficiency improvements of up to 30.00 percent to 40.00 percent compared with conventional systems, according to Morningstar.

That product focus gives the analyst revision an operational reference point. SKF is presenting bearings, controls and monitoring as an integrated offer rather than as isolated components, while the company continues to separate its Automotive business from the industrial operations.

Stock remains below yearly high

The primary-listing quote was SEK 265.70 on October 8, 2026 at 11:34 a.m. CEST, compared with a 52-week range of SEK 204.80 to SEK 282.00. SKF's market capitalization was SEK 121.0 billion at that timestamp, placing the share 5.78 percent below its 52-week high.

At Lang & Schwarz, SKF stock was trading at EUR 23.74 on October 8, 2026 at 11:34 a.m. CEST, versus the EUR 23.97 prior close, a change of minus 0.96 percent. The further course of trading is shown by the continuously updated real-time quote of SKF stock.