Deutsche Bank raises target for Volvo stock to SEK 337
Published on 10/02/2026 at 12:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Deutsche Bank Research raised its price target for Volvo from SEK 321 to SEK 337 while retaining a Hold rating on September 23, 2026, according to MarketScreener. At Lang & Schwarz, Volvo stock was trading at EUR 28.12 on October 2, 2026, down 0.04 percent versus the prior close of EUR 28.13.
SEK 14.8 billion adjusted income
Volvo Group delivered adjusted operating income of SEK 14.8 billion in the second quarter of 2026, with an adjusted operating margin of 11.7 percent. The result came alongside SEK 126.0 billion of organic net sales and operating cash flow of SEK 5.8 billion, as reported in the Yahoo Finance transcript for the second quarter.
Group truck order intake increased 33 percent year over year in the second quarter of 2026, while the company said service sales grew 7 percent organically. That combination matters because recurring service activity can support earnings when vehicle volumes face seasonal pressure.
Orders point to a stronger second half
Deutsche Bank expects Volvo's third-quarter order intake to rise 28 percent, mainly on demand from North and South America, while deliveries could exceed orders, MarketScreener reported. The bank also identified seasonal volume weakness, higher raw-material costs and research and development investment as margin risks.
Volvo's own second-quarter discussion showed why the order picture is important. The group reported a 170 percent book-to-bill ratio for trucks in the quarter and said North American truck deliveries still require a second-half ramp-up, leaving execution as the key operating test.
Q3 results arrive October 23
Volvo has scheduled its third-quarter 2026 report for October 23, 2026, according to the company's investor-relations page. The coming report will put the 28 percent order-intake expectation against actual truck demand and show whether North American deliveries are catching up.
Volvo stock stays below its yearly high
On Nasdaq Stockholm, Volvo B was last quoted at SEK 317.70 on October 2, 2026 at 12:35 p.m. CEST. Its 52-week range was SEK 244.90 to SEK 374.50, while market capitalization stood at SEK 646.0 billion on the same date.
The further course of trading is shown by the continuously updated real-time quote of Volvo stock.
Volvo B stock facts
- Company: AB Volvo (publ)
- ISIN: SE0000115446
- Ticker: VOLV-B
- Primary exchange: Nasdaq Stockholm
- Price Lang & Schwarz (as of October 2, 2026, 12:32 p.m. CEST): EUR 28.12
- Change versus prior close: minus 0.04 percent
- Prior close Lang & Schwarz (October 1, 2026): EUR 28.13
- Market capitalization: SEK 646.0 billion (as of October 2, 2026)
- 52-week range: SEK 244.90-374.50 (as of October 2, 2026)
- Sector / Industry: Industrials / Industrial Machinery
