Pareto cuts Evolution stock to Hold with SEK 800 target

Published on 10/12/2026 at 09:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue was EUR 517.8 million, down 1.20 percent year over year. Evolution stock was EUR 71.29 on October 12, 2026 before October 23 results.

Key points in brief

Pareto downgraded Evolution from Buy to Hold on October 9, 2026, while retaining an SEK 800 price target.
Evolution reported EUR 517.8 million in second-quarter revenue, down 1.20 percent year over year.
The stock was at EUR 71.29 at Lang & Schwarz on October 12, 2026, with third-quarter results scheduled for October 23, 2026.
Evolution's buyback program had acquired 957,092 shares by October 2, 2026.

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Pareto cut Evolution from Buy to Hold on October 9, 2026, while keeping its SEK 800 price target, according to Markets Insider. Evolution stock was at EUR 71.29 at Lang & Schwarz on October 12, 2026 at 9:52 a.m. CEST.

What changed in the rating?

Pareto's move removed the Buy rating but left the SEK 800 target unchanged. The analyst action came as Evolution's recovery was linked to extensive repurchases rather than stronger earnings estimates, according to BorsKollen.

Three dates and three figures

On July 17, 2026, Evolution reported EUR 517.8 million in second-quarter revenue, down 1.20 percent year over year but up 0.90 percent from the first quarter. EBITDA was EUR 341.0 million, equal to a 65.90 percent margin, according to Yahoo Finance.

On September 22, 2026, shareholders approved the cancellation of up to 19,922,661 repurchased shares at an extraordinary general meeting, according to MFN. On October 9, 2026, Pareto's Hold decision and SEK 800 target became the latest dated development.

What comes next for Evolution?

Evolution's investor calendar lists the next quarterly report for October 23, 2026, followed by the 2026 year-end report on February 4, 2027, according to MFN. The dates give the Hold rating a clear near-term test: whether revenue can move beyond the second-quarter decline while the buyback continues to reduce the share count.

EUR 71.29 in trading

Evolution was at EUR 71.29 at Lang & Schwarz on October 12, 2026 at 9:52 a.m. CEST. The company said on October 5, 2026, that it had acquired 510,000 shares between September 28, 2026 and October 2, 2026, bringing treasury holdings to 957,092 shares, according to Evolution. The further course of trading is shown by the continuously updated real-time quote of Evolution stock.