Nordea raises target for Sandvik stock to SEK 345

Published on 10/08/2026 at 12:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Pareto set a target of SEK 385, up from SEK 370, on October 8, 2026. Sandvik stock costs EUR 31.25 after EUR 31.29, minus 0.13 percent.

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Sandvik stock (ISIN SE0000667891) was trading at EUR 31.25 at Lang & Schwarz on October 8, 2026 at 12:04 p.m. CEST, minus 0.13 percent versus the prior close of EUR 31.29. On the same date, Nordea raised its Sandvik target to SEK 345 from SEK 335 and retained a Sell rating, according to Borskollen.

Nordea sees a cyclical lift

Nordea's update lifted its adjusted operating profit forecasts for 2026 through 2028 by an average of 4 percent, with currency effects, acquisitions and tungsten prices supporting the revision, Borskollen reported on October 8, 2026. The bank also argued that the earnings improvement was cyclical rather than structural and expected higher supply and recycling to pressure profitability from 2027.

That caution contrasts with the higher target. At SEK 345, Nordea's new level remained below Sandvik's prior Stockholm close of SEK 355.50, a gap that keeps the rating and valuation debate in view.

Q2 revenue rose 19.8 percent

Sandvik's second-quarter 2026 revenue reached SEK 36.752 billion, up 19.8 percent from SEK 30.685 billion in the first quarter, while operating profit was SEK 7.234 billion, according to Affärsvärlden. The report gives investors a concrete operating comparison behind the fresh analyst revisions.

Pareto kept a Hold rating and raised its target to SEK 385 from SEK 370 on October 8, 2026, according to Borskollen. Pareto forecast organic order intake growth of 13 percent and sales growth of 24 percent in the third quarter, while its adjusted EBITA margin estimate was 22.6 percent.

Results date sets the next test

Sandvik will publish its third-quarter 2026 results on October 22, 2026 at 8:00 a.m. CEST, with a webcast at 10:00 a.m. CEST, according to the company's Sandvik release dated October 5, 2026. That report will show whether the 19.8 percent revenue comparison and the analysts' higher estimates extend into the next quarter.

Sandvik stock stays below its yearly high

On Nasdaq Stockholm, Sandvik was trading at SEK 352.80 at 12:07 p.m. CEST on October 8, 2026. The primary-exchange 52-week range was SEK 262.70 to SEK 413.10, leaving the price 14.60 percent below the high, while market capitalization was SEK 442.5 billion on the same date.

The further course of trading is shown by the continuously updated real-time quote of Sandvik stock.