Kongsberg stock gains on Deutsche Bank Buy call and defense contracts

Published on 09/14/2026 at 20:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Kongsberg stock is supported by a fresh Buy rating from Deutsche Bank with a NOK 360 target as of September 14, 2026, alongside new defense contracts and technology partnerships. Recent figures and backlog growth provide additional context for investors.

Fotorealistische Verteidigungsanlage mit Radarturm bei Dämmerung, norwegische Küstenlandschaft — Kongsberg Gruppen ASA NO0003043309 zeigt eine norwegische Verteidigungsanlage mit Radaranlage bei Dämmerung, Illustration mit AI erstellt.

Kongsberg Gruppen ASA stock (ISIN NO0003043309) is trading firmly after Deutsche Bank initiated coverage with a Buy rating and a price target of NOK 360, highlighting strong growth prospects in its missile business as of September 14, 2026.

Deutsche Bank Buy call and growth outlook

According to TradingView on September 14, 2026, Deutsche Bank initiated coverage of Kongsberg Gruppen ASA with a Buy recommendation and set a price target of NOK 360 per share, pointing to a missile business expected to grow around 40 percent per year through 2030 and a strong order backlog that has supported the share price.

The same overview by TradingView reports that Kongsberg shares recently traded at NOK 306.80 on the Oslo Stock Exchange, implying roughly 17.3 percent upside potential to the NOK 360 target based on that level.

Industrial partnerships and contract momentum

As The Defense Post reported on September 14, 2026, Kongsberg is partnering with German additive manufacturing specialists EOS and AMCM and has acquired two multi-laser 3D printing systems to accelerate production for its defense and security programs.

According to The Defense Post, these multi-laser systems are expected to improve throughput and enable more complex components for missile and defense systems, reinforcing the growth narrative highlighted in Deutsche Bank’s coverage and supporting the company’s backlog and margin potential over time.

As STT Info notes in a release dated September 14, 2026, Kongsberg has selected Echodyne’s MESA radar technology for its counter-unmanned aerial systems weapon platforms, and the partners plan to exhibit jointly at the International Defence Industry Exhibition in Kielce, Poland, from September 8 to September 11, 2026.

Stock level and investor perspective

Per price data referenced by TradingView, Kongsberg stock recently changed hands at NOK 306.80 on the Oslo Stock Exchange, with Deutsche Bank’s NOK 360 target marking a double-digit percentage gap above that trading level as of mid-September 2026.