Jefferies cuts target for VAT Group stock from CHF 646 to CHF 622

Published on 10/25/2026 at 12:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Jefferies cut VAT Group stock target from CHF 646 to CHF 622 on October 16, 2026. Q3 orders reached CHF 697 million and sales CHF 376.40 million.

Analyst target and record orders

Jefferies reduced its VAT Group target from CHF 646 to CHF 622 on October 16, 2026.
VAT Group reported third-quarter order intake of CHF 696.60 million on October 15, 2026.
VAT Group reported third-quarter net sales of CHF 376.40 million for 2026.
VAT Group lists March 2, 2027, for its fourth-quarter 2026 results.

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VAT Group stock is facing a lower analyst target after Jefferies reduced its view from CHF 646 to CHF 622 on October 16, 2026, according to Zonebourse. The Hold stance remained unchanged, putting the target cut against a strong operating update from the company.

What changed in the target?

The target reduction followed VAT Group's record third-quarter order intake of CHF 696.60 million, which rose 39.30 percent from the second quarter and 192.60 percent from the third quarter of 2025. The figures come from the company's October 15, 2026, announcement published by EQS News.

Net sales reached CHF 376.40 million in the third quarter of 2026, up 29.40 percent sequentially and 45.90 percent year over year. The order backlog rose to CHF 979.50 million, up 51.20 percent from the prior quarter and 278.50 percent from the third quarter of 2025.

What does the backlog mean?

The backlog gives VAT Group a larger base for the next production cycle, but the update also shows where execution matters. The company added 450 employees in the third quarter of 2026 and expects fourth-quarter sales of CHF 420 million to CHF 450 million, while retaining its full-year 2026 outlook for higher orders, sales, adjusted EBITDA, adjusted EBITDA margin, net income and free cash flow than in 2025, as stated by FT.com.

Next reporting date

The next dated company event listed for VAT Group is the fourth-quarter 2026 results publication on March 2, 2027, according to Zonebourse. That date will provide the next scheduled test of demand conversion and the production ramp.

Company profile and listing

VAT Group develops and manufactures vacuum valves used in semiconductor, display and industrial applications. Its three operating areas are Valves, Global Service and Advanced Industrials. The company is listed on the SIX Swiss Exchange.