SKF stock gains as JP Morgan raises price target and Q2 2026 revenue climbs
Published on 09/19/2026 at 10:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
AB SKF stock (ISIN SE0000108227) is trading close to 275.40 SEK on Nasdaq Stockholm as of September 17, 2026, supported by a recent price target increase from JP Morgan and solid Q2 2026 revenue growth of 6.0 percent compared with the previous quarter.
JP Morgan lifts price target while keeping underweight
According to Ad-hoc-news on September 18, 2026, JP Morgan has raised its price target for SKF stock to 245 SEK from 230 SEK while reiterating an underweight rating, signaling that the bank still sees limited upside despite the recent share price strength.
The same overview, based on data from MarketScreener, shows a last closing price for SKF B shares of 275.40 SEK on Nasdaq Stockholm as of September 17, 2026, representing a daily gain of 2.00% and a year to date increase of 12.04 percent in Swedish krona terms, placing the stock above the average analyst target price of 266.06 SEK and indicating that SKF stock is trading around 3.4 percent above the consensus target.
Q2 2026 revenue rises 6 percent versus Q1 2026
In its latest interim figures, SKF reported Q2 2026 revenue of 23,195 million SEK, an increase of 6.0 percent compared with 21,873 million SEK in Q1 2026, highlighting a solid improvement in demand across its bearings and motion engineering operations, as summarized by Ad-hoc-news.
The comparison between Q2 2026 and Q1 2026 underscores that revenue growth within the current fiscal year is not just a year on year effect but a sequential improvement, which investors often see as a sign that order intake and project activity are gaining momentum within industrial end markets.
Dividend dates add another anchor for investors
Beyond the near term rating action, SKF also offers a visible income component: according to Digrin, SKF B shares carry an upcoming ex dividend date of October 14, 2026 with an expected dividend of 3.7500 SEK per share, corresponding to a yield of around 3.36 percent based on recent prices, while the US traded SKFRY ADR is scheduled for an ex dividend date on October 15, 2026 with a cash amount of 0.4216 USD per ADR.
These dividend dates give long term shareholders specific calendar points and cash flow expectations and may help to support the stock price around those dates, especially as the underlying business shows current sequential revenue growth and the stock is trading modestly above the average analyst target.
Stock price level and market context
Per price data summarized by Ad-hoc-news, SKF B shares closed at 275.40 SEK on Nasdaq Stockholm on September 17, 2026, with a day change of 2.00 percent and a year to date performance of 12.04 percent, reflecting a stock that has already priced in part of the recent operational improvements.
For investors, an important nuance is that the current share price of 275.40 SEK is not only above JP Morgan’s new price target of 245 SEK but also around 3.4 percent above the average analyst target of 266.06 SEK, which can limit further upside in the near term if earnings or margins do not surprise positively in upcoming quarters.
SKF stock key data
- Company: AB SKF (publ)
- ISIN: SE0000108227
- Ticker: SKF B
- Trading venue: Nasdaq Stockholm
- Price (as of September 17, 2026, 17:00): 275.40 SEK
- Sector / Industry: Industrials / Bearings and motion engineering
