Evolution stock: DNB Carnegie raises target to SEK 1,000 for Evolution stock

Published on 10/20/2026 at 16:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Evolution reports January-September results on October 23, 2026. Evolution stock was EUR 71.66 at Lang & Schwarz on October 20, 2026 during trading.

Analyst target and reporting date

DNB Carnegie raised its Evolution target to SEK 1,000 from SEK 955 on October 16, 2026.
Evolution will publish its January-September 2026 interim report on October 23, 2026.
Evolution stock was EUR 71.66 at Lang & Schwarz on October 20, 2026 at 4:03 p.m. CEST.
Second-quarter 2026 revenue was EUR 517.8 million and the EBITDA margin was 65.9 percent.

Flatlay mit Aktienzertifikat, ISIN-Karte, Spielkarten, Chips und Würfeln — Evolution AB (SE0012673267) symbolisiert mit Aktienzertifikat, Spielkarten und Chips das börsennotierte Glücksspiel-Technologie-Unternehmen, Illustration mit AI erstellt.

Evolution (ISIN SE0012673267) has a fresh analyst benchmark ahead of its January-September report: DNB Carnegie raised its target to SEK 1,000 from SEK 955 on October 16, 2026, and its target stood 25.13 percent above the Nasdaq Stockholm price of SEK 799.20 at 4:09 p.m. CEST on October 20, 2026, calculated from the same-currency values. MarketScreener reported that the firm expects Evolution revenue to increase 9 percent in 2027, compared with a 5 percent consensus forecast. At Lang & Schwarz, the stock was trading at EUR 71.66 on October 20, 2026 at 4:03 p.m. CEST.

Target rises ahead of results

The analyst change gives investors a second benchmark before the next company report. DNB Carnegie retained its Buy rating and linked its more optimistic view to a potential growth improvement after a visit to Atlantic City, while the source also described the SEK 1,000 target as the highest among the firms it tracked. The target change itself is the dated market event, not a forecast made by this article.

Second-quarter figures set the bar

Evolution's second-quarter 2026 revenue was EUR 517.8 million, down 1.20 percent year over year, while its EBITDA margin was 65.90 percent. Live Casino revenue reached EUR 437.3 million, a 3.60 percent decline, and RNG revenue increased 14.00 percent to EUR 80.5 million, according to 15M. The contrast puts the mix between live casino and RNG content at the center of the October report.

What date comes next?

Evolution's investor calendar lists the January-September 2026 interim report for October 23, 2026, before the market opens. The company also lists its January-September report among its scheduled investor events on its investor-relations page. The report will provide the next periodized test of the 9 percent growth scenario cited by DNB Carnegie.

Stock valuation and range

Evolution traded on Nasdaq Stockholm under ticker EVO, with a market capitalization of SEK 153.0 billion and a trailing P/E ratio of 13.49 on October 20, 2026. The 52-week range was SEK 515.40 to SEK 911.00, while volume reached 164,986 shares. The stock's year-to-date gain was 0.13 percent on the same Nasdaq Stockholm quote.

Stock price stays in view

The analyst target and the upcoming report create two dated reference points for the stock. The operating comparison is equally important: live casino revenue fell 3.60 percent year over year in the second quarter, while RNG revenue rose 14.00 percent. That split will help investors read the October 23 figures beyond the headline revenue number.

Evolution was trading at EUR 71.66 at Lang & Schwarz on October 20, 2026 at 4:03 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Evolution stock.