Sandoz stock: Oddo BHF lifts Sandoz stock target to CHF 75

Published on 10/21/2026 at 17:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half sales rose 5 percent and core EBITDA margin reached 20.90 percent in 2026. Sandoz stock costs EUR 84.37 on October 21, 2026.

Analyst target and reporting date

Oddo BHF lifted its Sandoz target from CHF 62.00 to CHF 75.00 on October 20, 2026.
First-half net sales increased 5.00 percent, while core EBITDA margin reached 20.90 percent.
Sandoz stock costs EUR 84.37 at Lang & Schwarz on October 21, 2026 at 4:45 p.m. CEST.
Sandoz is scheduled to publish its third-quarter 2026 sales update on October 28, 2026.

Sandoz, CH1243598427, Illustration mit AI erstellt.

Sandoz stock is the subject of a fresh target revision after Oddo BHF raised its valuation from CHF 62.00 to CHF 75.00 on October 20, 2026, while retaining a Neutral rating, Zonebourse reported. At Lang & Schwarz, the stock was trading at EUR 84.37 on October 21, 2026 at 4:45 p.m. CEST.

Half-year growth met pressure

Sandoz entered the second half with net sales up 5.00 percent in the first half of 2026, while biosimilar sales grew 20.00 percent. Core EBITDA increased 15.00 percent and the core EBITDA margin expanded by 0.90 percentage points to 20.90 percent, according to the Yahoo Finance transcript for the first-half results. The figures put the margin improvement alongside faster biosimilar expansion, rather than relying on revenue growth alone.

Sandoz stock near its yearly high

The CHF 78.14 home-market quote at 4:45 p.m. CEST on October 21, 2026 stood inside a CHF 47.73 to CHF 78.40 52-week range. The distance from the high was 0.33 percent, calculated from the same quote. Market capitalization was CHF 33.8 billion at the latest quoted session, and the company trades on SIX under ticker SDZ.

October 28 update is next

Sandoz is scheduled to publish its nine-month and third-quarter 2026 sales update on October 28, 2026. The company has maintained full-year guidance for constant-currency sales growth in the mid- to high-single-digit range, while the core EBITDA margin is expected to expand, according to VZ on October 1, 2026. The October release will provide the next reported test of that outlook.

What does the target imply?

Oddo BHF's CHF 75.00 target sits 4.02 percent below the CHF 78.14 home-market quote, using the October 21, 2026 price. That spread leaves the analyst view below the current Swiss quotation even after the target increase, making the upcoming sales update important for the next valuation debate.

Price and trading perspective

Sandoz stock was trading at EUR 84.37 at Lang & Schwarz on October 21, 2026 at 4:45 p.m. CEST. The euro quotation provides the German investor perspective, while the CHF 78.14 SIX quote places the company near its 52-week high.

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