Sandvik stock: Morgan Stanley lifts target to SEK 440 for Sandvik stock

Published on 10/20/2026 at 15:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Sandvik reports third-quarter results on October 22, 2026. Sandvik stock costs EUR 31.03 on October 20, 2026, down 3.48 percent on Nasdaq Stockholm.

Target and calendar

Morgan Stanley lifted its Sandvik target from SEK 380 to SEK 440 on October 19, 2026.
Sandvik is scheduled to publish its third-quarter report on October 22, 2026.
Sandvik stock costs EUR 31.03 at Lang & Schwarz on October 20, 2026 at 3:33 p.m. CEST, down 3.48 percent on Nasdaq Stockholm versus SEK 356.70.

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Sandvik (ISIN SE0000667891) received a stronger rating from Morgan Stanley on October 19, 2026, as the bank raised its view from equal weight to overweight and lifted its target from SEK 380 to SEK 440. The new target is 27.80 percent above Sandvik's SEK 344.30 share price on Nasdaq Stockholm. At Lang & Schwarz, Sandvik was trading at EUR 31.03 on October 20, 2026 at 3:33 p.m. CEST; on Nasdaq Stockholm, the stock was down 3.48 percent at SEK 344.30 versus the prior close of SEK 356.70.

Target rises before results

According to MarketScreener, Morgan Stanley's October 19 analysis favors Sandvik over Epiroc in the upstream mining-equipment segment. The bank cited potential order intake from gold-mining projects, aftermarket growth and Sandvik's equipment backlog. Its forecasts for Sandvik's 2027 and 2028 EBITA are 9.00 percent and 12.00 percent above consensus, respectively.

Stock remains below its high

Sandvik's Nasdaq Stockholm price of SEK 344.30 on October 20, 2026 stood 16.65 percent below its 52-week high of SEK 413.10 and 26.26 percent above its 52-week low of SEK 272.70. Trading volume reached 686,268 shares, while the market capitalization was SEK 431.9 billion and the price-to-earnings ratio was 25.64.

Two dates matter next

Sandvik's investor calendar lists the third-quarter report for October 22, 2026, with the presentation and conference call scheduled for the same day. The company also lists its Capital Markets Day for November 24-25, 2026, at a Sandvik Mining site in Tampere, Finland, according to Sandvik. The company operates across mining, rock processing, and manufacturing and machining solutions, giving the upcoming report several operating areas to cover.

Valuation sets the next test

The Morgan Stanley target places the emphasis on execution rather than a simple recovery toward the recent high. A move from SEK 344.30 to SEK 440 would require a 27.80 percent gain in the home-market share price, while the current level remains below the 52-week peak. The scheduled report should provide the next dated evidence on orders, margins and demand.

Sandvik price in euros

Sandvik was trading at EUR 31.03 at Lang & Schwarz on October 20, 2026 at 3:33 p.m. CEST. On Nasdaq Stockholm, the share price was down 3.48 percent from the prior close of SEK 356.70 on October 19, 2026. The further course of trading is shown by the continuously updated real-time quote of Sandvik stock.