BofA starts coverage for NKT stock with DKK 1,100 target

Published on 10/06/2026 at 15:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

NKT held EUR 13.00 billion in high-voltage orders at Q2 2026 end. NKT stock costs EUR 118.85 on October 6, 2026 versus EUR 119.50, minus 0.54 percent.

Makrofoto eines Kabelquerschnitts mit Kupferadern, Materialbezug NKT A/S DK0010287663 — Makroaufnahme eines Kupferleiter-Querschnitts mit Isolierschichten repräsentiert das Kerngeschäft von NKT A/S, ISIN DK0010287663, Illustration mit AI erstellt.

NKT stock (ISIN DK0010287663) was trading at EUR 118.85 at Lang & Schwarz on October 6, 2026 at 3:37 p.m. CEST, down 0.54 percent from the prior close of EUR 119.50. BofA Global Research began coverage on October 5, 2026 with a Buy rating and a DKK 1,100 price target, according to Investing.com.

BofA sees DKK 1,100 potential

The target stands DKK 207 above the DKK 893 reference price cited in the report, equal to 23.18 percent. BofA said NKT is one of three major suppliers with the technology and expertise needed for high-voltage direct-current cable projects and installation.

The assessment also identifies execution risk. BofA pointed to NKT's heavy exposure to high-voltage direct-current projects, while weaker European electrification demand, pricing pressure and policy-related costs were listed as risks to the target.

Orders support the cable strategy

NKT had EUR 13.00 billion in high-voltage orders at the end of the second quarter of 2026, excluding EUR 2.00 billion of commitments that had not yet been booked, according to Investing.com. Cross-border interconnectors represented 70 percent of the backlog, while offshore wind accounted for 30 percent.

NKT's Investor Day release confirmed a EUR 2.00 billion investment program for 2025 through 2028 and said the expanded Karlskrona site is expected to begin commercial operations in the second quarter of 2027, according to Nasdaq. The release also set a minimum annual distribution of 20 percent of adjusted net profit.

Stock remains below its yearly high

On the Nasdaq Copenhagen listing, NKT was quoted at DKK 890.00 on October 6, 2026 at 1:46 p.m. UTC, with a DKK 696.50 to DKK 1,135.00 52-week range. The finance data shows a market capitalization of DKK 47.6 billion, giving the analyst target a clear valuation context.

NKT's investor page lists its next financial report for November 19, 2026, covering the first three quarters of 2026, while the company profile describes its business as turnkey AC and DC cable solutions for high-voltage, medium-voltage and low-voltage markets.

EUR 118.85 in afternoon trading

The Lang & Schwarz quote places NKT at EUR 118.85 in trading on October 6, 2026 at 3:37 p.m. CEST, versus the EUR 119.50 prior close of October 5, 2026. The further course of trading is shown by the continuously updated real-time quote of NKT stock.