Handelsbanken raises its target for Sandvik stock to SEK 380

Published on 10/16/2026 at 09:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Handelsbanken lifts its target from SEK 370 to SEK 380 on October 15, 2026. Sandvik stock costs EUR 31.76 on October 16, 2026.

Analyst target and reporting dates

Handelsbanken lifted its Sandvik target from SEK 370 to SEK 380 on October 15, 2026.
Sandvik reported 24.00 percent revenue growth at fixed exchange rates in the second quarter of 2026.
Sandvik stock traded at EUR 31.76 at 9:48 a.m. CEST at Lang & Schwarz on October 16, 2026.
Sandvik's third-quarter report is scheduled for October 22, 2026.

Isometrische Grafik der Wertschöpfungskette Stahl zu Werkzeug, Sandvik AB SE0000667891 — Sandvik AB (SE0000667891) deckt die gesamte industrielle Wertschöpfungskette von Rohstahl bis Präzisionswerkzeug ab, Illustration mit AI erstellt.

Sandvik (ISIN SE0000667891) was trading at EUR 31.76 at Lang & Schwarz on October 16, 2026, at 9:48 a.m. CEST. Handelsbanken raised its Sandvik target from SEK 370 to SEK 380 and kept its Hold rating on October 15, 2026, according to Placera.

Target rises before quarterly results

The target revision arrives shortly before Sandvik's third-quarter report. The company has scheduled publication for October 22, 2026, at 8:00 a.m. CEST, followed by an investor webcast and conference call at 10:00 a.m. CEST, according to Sandvik. The timing gives the target change a near-term test: the next report will show whether the operating momentum behind the analyst view continued into the third quarter.

What does the margin say?

Sandvik's second-quarter indicators provide the clearest operating context. Revenue grew 24.00 percent at fixed exchange rates, while adjusted EBITA margin reached 22.60 percent and financial net debt to EBITDA stood at 1.00, according to the company's investor materials dated October 16, 2026. Those figures point to growth combined with a comparatively contained leverage measure, although the forthcoming report will determine whether the margin held.

Three dated signals for the stock

The recent sequence began with Sandvik's October 1, 2026 invitation to a Capital Markets Day scheduled for November 24-25, 2026. On October 5, 2026, the company announced the October 22 reporting date. Handelsbanken's October 15 target increase to SEK 380 is the latest of the three developments.

The Capital Markets Day will take place at Sandvik Mining's site in Tampere, Finland, and will cover strategic priorities, digitalization and automation, according to Sandvik. For investors, the dates create two separate checkpoints: the earnings release for near-term execution and the November event for longer-term strategy.

Stock price and next checkpoints

Sandvik's market capitalization was SEK 445.3 billion as of October 16, 2026, while its 52-week range was SEK 262.70 to SEK 413.10. The stock therefore remains below the upper end of its annual range, leaving the October 22 report as the next concrete test of the valuation backdrop.

Sandvik was trading at EUR 31.76 at Lang & Schwarz on October 16, 2026, at 9:48 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Sandvik stock.