JP Morgan raises target for Sandvik stock from SEK 400 to SEK 415
Published on 10/06/2026 at 14:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Sandvik (ISIN SE0000667891) was trading at EUR 32.87 at Lang & Schwarz on October 6, 2026 at 2:38 p.m. CEST, up 1.95 percent from the prior close of EUR 32.24. On September 17, 2026, JP Morgan raised its Sandvik target from SEK 400 to SEK 415 while retaining a Neutral rating, as MarketScreener reported.
Target rises ahead of results
The revised target is SEK 45.80 above the Nasdaq Stockholm quote of SEK 369.20 recorded at 2:42 p.m. CEST on October 6, 2026. That places the share price 11.04 percent below JP Morgan's SEK 415 target, using the same SEK currency but different dates.
JP Morgan's Neutral stance creates a measured contrast: the bank lifted its valuation level, yet its published recommendation did not change. The next major company date is October 22, 2026, when Sandvik is scheduled to publish its third-quarter report.
Q2 margin sets the baseline
Sandvik's second-quarter 2026 revenue was SEK 36.75 billion, compared with SEK 29.70 billion in the second quarter of 2025. Adjusted EBITA reached SEK 8.31 billion, while the adjusted EBITA margin rose to 22.60 percent from 19.00 percent, according to Sandvik.
The reported revenue increase was 23.72 percent on the stated figures, while the adjusted EBITA margin expanded by 3.60 percentage points. For the October report, the key question is whether operating leverage can extend beyond the second-quarter margin level.
Stock remains below yearly high
Sandvik's Nasdaq Stockholm quote was SEK 369.20 on October 6, 2026, against a 52-week range of SEK 262.70 to SEK 413.10. Its market capitalization was SEK 463.1 billion on the same date, leaving the share SEK 43.90 below its yearly high.
The company trades on Nasdaq Stockholm under ticker SAND.ST, and its business spans mining equipment, rock excavation, machining and industrial materials. The latest master-data reference identifies Sandvik and ISIN SE0000667891 together, with the listing and currency confirmed by Global Banking and Finance Review.
Trading date and reference price
At Lang & Schwarz, Sandvik was trading at EUR 32.87 on October 6, 2026 at 2:38 p.m. CEST, plus 1.95 percent versus the prior close of EUR 32.24 on October 5, 2026. The further course of trading is shown by the continuously updated real-time quote of Sandvik stock.
Sandvik stock at a glance
- Company: Sandvik AB (publ)
- ISIN: SE0000667891
- Ticker: SAND.ST
- Primary exchange: Nasdaq Stockholm
- Price Lang & Schwarz (as of October 6, 2026, 2:38 p.m. CEST): EUR 32.87
- Change versus prior close: plus 1.95 percent
- Prior close Lang & Schwarz (October 5, 2026): EUR 32.24
- Market capitalization: SEK 463.1 billion (as of October 6, 2026)
- 52-week range: SEK 262.70-413.10 (as of October 6, 2026)
- Sector / Industry: Industrials / Industrial - Machinery
- Next earnings date: October 22, 2026
