Sandvik stock: Morgan Stanley lifts target from SEK 380.00 to SEK 440.00 for Sandvik stock

Published on 10/19/2026 at 15:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached SEK 36.75 billion on June 30, 2026. Sandvik stock costs EUR 31.93 on October 19, 2026 at 3:04 p.m. CEST.

Targets and operating figures

Morgan Stanley raised its Sandvik target from SEK 380.00 to SEK 440.00 on October 19, 2026.
Sandvik reported SEK 36.75 billion in second-quarter revenue for the period ended June 30, 2026.
Sandvik stock costs EUR 31.93 at Lang & Schwarz on October 19, 2026 at 3:04 p.m. CEST.
Sandvik traded at a trailing P/E ratio of 26.40 as of October 19, 2026.

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Morgan Stanley raised its Sandvik target from SEK 380.00 to SEK 440.00 on October 19, 2026, while upgrading the recommendation from Equal Weight to Overweight, according to MarketScreener. The target sits 24.08 percent above Sandvik's Stockholm price of SEK 354.60 on October 19, 2026. Sandvik stock was trading at EUR 31.93 at Lang & Schwarz on October 19, 2026 at 3:04 p.m. CEST.

Revenue sets the operating base

Sandvik's second-quarter revenue reached SEK 36.75 billion for the period ended June 30, 2026. The standardized income statement also recorded operating income of SEK 7.94 billion and net income of SEK 5.24 billion for the same quarter. These figures give the target revision a fundamental reference point rather than leaving it dependent on the share price alone.

Range leaves room for movement

Sandvik's Stockholm quote stood at SEK 354.60 on October 19, 2026 at 3:08 p.m. CEST, with a session low of SEK 352.60 and a high of SEK 363.10. The 52-week range was SEK 262.70 to SEK 413.10 on the same quote, placing the stock 14.17 percent below its high and 34.98 percent above its low. Trading volume was 853,450 shares against an average of 1,775,129 shares.

Valuation and dates for investors

The quoted market capitalization was SEK 444.8 billion on October 19, 2026, and the trailing P/E ratio was 26.40. The dividend yield was 2.00 percent. Sandvik had scheduled its third-quarter report for October 22, 2026, with publication at 8:00 a.m. CEST and a webcast at 10:00 a.m. CEST, according to Sandvik. The company had also scheduled its Capital Markets Day for November 24-25, 2026.

Comparison with peers

Sandvik (SEK): P/E 26.40, market capitalization SEK 444.8 billion
Atlas Copco (Stockholm, SEK): minus 2.82 percent, P/E 36.00, market capitalization SEK 958.6 billion
Metso (Helsinki, EUR): minus 0.06 percent, P/E 28.05, market capitalization EUR 13.7 billion

Targets meet the earnings calendar

Morgan Stanley's revised target gives Sandvik a higher valuation marker before the third-quarter report. The upcoming results will test whether the second-quarter revenue base and operating income can support that assessment.

The current Lang & Schwarz price is EUR 31.93 on October 19, 2026 at 3:04 p.m. CEST; a dated Xetra closing comparison is not included here.

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