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

Published on 10/21/2026 at 15:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue grew 24.00 percent in second quarter. Sandvik stock costs EUR 31.85 on October 21, 2026, while SEK 440 is 24.61 percent above SEK 353.10.

Analyst target raised

Morgan Stanley raised its Sandvik target to SEK 440 on October 19, 2026.
Sandvik revenue grew 24.00 percent at fixed exchange rates in the second quarter of 2026.
Sandvik stock costs EUR 31.85 at Lang & Schwarz on October 21, 2026 at 3:02 p.m. CEST.
Sandvik will publish its third-quarter report on October 22, 2026.

Trading-Floor mit Industrie- und Bergbau-Charts auf Bildschirmen, Sandvik AB SE0000667891 — Sandvik AB (SE0000667891) notiert an der Nasdaq Stockholm, sichtbar im Trading-Floor der Börse, Illustration mit AI erstellt.

Sandvik (ISIN SE0000667891) received a higher price target from Morgan Stanley on October 19, 2026, when the bank raised its target from SEK 380 to SEK 440 and upgraded the stock from equal weight to overweight, according to MarketScreener. Sandvik was trading at EUR 31.85 at Lang & Schwarz on October 21, 2026 at 3:02 p.m. CEST.

Morgan Stanley sees SEK 440

The new target is 24.61 percent above Sandvik's Stockholm price of SEK 353.10 on October 21, 2026. Morgan Stanley cited higher margin potential in metal cutting, mining project orders, aftermarket revenue and the equipment backlog in its October 19 analysis, as reported by MarketScreener.

The upgrade also places Sandvik against a demanding earnings comparison. Morgan Stanley forecasts Sandvik's 2027 and 2028 adjusted EBITA at 9.00 percent and 12.00 percent above consensus, respectively, according to the same analysis.

Second-quarter growth sets the bar

Sandvik reported 24.00 percent revenue growth at fixed exchange rates in the second quarter of 2026, while its adjusted EBITA margin reached 22.60 percent. The figures are published on Sandvik's investor page, which also gives a financial net debt to EBITDA ratio of 1.00, according to Sandvik.

For investors, the next hard test is close. Sandvik's third-quarter interim report is scheduled for October 22, 2026 at 8:00 a.m. CEST, followed by a webcast and conference call at 10:00 a.m. CEST. The company also plans a Capital Markets Day for November 24-25, 2026 in Tampere, Finland.

Valuation and Stockholm range

Sandvik's latest Stockholm quote was SEK 353.10 at 3:05 p.m. CEST on October 21, 2026. The share stood between a 52-week low of SEK 272.70 and a high of SEK 413.10, with a market capitalization of SEK 442.9 billion and a trailing P/E ratio of 26.31.

The 52-week span puts the Stockholm price 14.54 percent below the high and 29.47 percent above the low. Sandvik's latest reported revenue growth and the target revision therefore point to two separate tests: whether the third-quarter report confirms operating momentum and whether the valuation can support the higher analyst target.

Stock position and next dates

Sandvik combines mining solutions, rock processing, digitalization and manufacturing tools. Its next dated corporate event is the third-quarter report on October 22, 2026, while the Capital Markets Day follows on November 24-25, 2026. Both dates are listed on the company's investor page.

Stock stays below its yearly high

Sandvik was trading at EUR 31.85 at Lang & Schwarz on October 21, 2026 at 3:02 p.m. CEST. The Stockholm price of SEK 353.10 and the EUR quote describe separate venues and currencies, so no combined daily percentage is stated.

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