SSAB stock gains as Oddo lifts price target to SEK 126

Published on 09/17/2026 at 16:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

SSAB stock closed at SEK 105.65 on Nasdaq Stockholm on September 16, 2026, while Oddo raised its price target to SEK 126 from SEK 115 and reiterated an Outperform rating on September 17, 2026. Citi and other houses have also lifted their targets in recent weeks, underscoring stronger sentiment toward the Swedish steelmaker.

Aquarellmalerei der Stockholmer Skyline mit Wasser und Altstadt — Aquarellbild stellt SSAB AB, ISIN SE0000108656, mit stimmungsvoller Ansicht der Stadt Stockholm dar, Illustration mit AI erstellt.

SSAB AB stock (ISIN SE0000108656) closed at 105.65 SEK on Nasdaq Stockholm on September 16, 2026, up 1.25% over the prior session and roughly 49.90% higher since the start of 2026, according to data highlighted by MarketScreener on September 17, 2026.

Analysts push SSAB stock higher

According to MarketScreener on September 17, 2026, Oddo raised its price target for SSAB to 126 SEK from 115 SEK and reiterated an Outperform recommendation on the shares, implying an upside of 19.1% from the old target level.

The same analyst overview shows that Citi increased its price target for SSAB to 120 SEK from 110 SEK on September 15, 2026 and kept a Buy rating, while SB1 Markets lifted its target to 130 SEK from 120 SEK and maintained a Buy stance on September 4, 2026, as reported by MarketScreener.

In the same period, Deutsche Bank increased its price target for SSAB to 98 SEK from 90 SEK with a Hold recommendation, and Affarsvarlden issued a Sell recommendation on September 1, 2026, according to the analyst compilation on MarketScreener.

Fossil-free steel project gets infrastructure support

Beyond the analyst actions, SSAB is moving ahead with its strategic shift toward fossil-free steel, supported by new energy infrastructure. As Metal.com reported on September 17, 2026, Swedish energy provider Vattenfall formally agreed on September 11, 2026 to construct new dedicated power lines for SSAB's upcoming fossil-free steel mill in Lulea.

The agreement on new power lines is a key enabler for SSAB's planned mill, which is intended to significantly reduce carbon emissions versus conventional steelmaking and underpin the company's long-term competitiveness in high-strength and sustainable steel products, according to the same report by Metal.com.

For investors, the combination of rising analyst targets and tangible progress on fossil-free steel infrastructure highlights both near-term sentiment support and long-term strategic positioning, but it also underscores the need to watch execution risks and capital intensity as the Lulea project moves forward.

SSAB stock valuation and trading context

Per the Nasdaq Stockholm data cited by MarketScreener, SSAB stock closed at 105.65 SEK on Nasdaq Stockholm on September 16, 2026, representing a five-day gain of 1.25% and a year-to-date increase of 49.90%.

That closing level of 105.65 SEK sits below the highest analyst target of 130 SEK from SB1 Markets but above Deutsche Bank's 98 SEK price objective, giving investors a sense of the spread between bullish and more cautious views based on the current market price and the various targets reported by MarketScreener.

The same overview indicates an average price target of 110.43 SEK for SSAB, which is 4.52% above the latest closing price of 105.65 SEK, suggesting that, in aggregate, covering analysts see modest additional upside from current levels, as compiled by MarketScreener.

Short-term trading data also show that SSAB B shares recently changed hands at around 107.50 SEK intraday, with a daily move of 1.61% in one of the latest updates, according to a Swedish market telegram from Placera on September 17, 2026, underscoring that the stock continues to trade in a relatively tight range around the triple-digit SEK mark.

Closing price and investor takeaway

SSAB stock's most recent completed reference price in this context is the closing level of 105.65 SEK on Nasdaq Stockholm as of September 16, 2026, in Swedish krona, which serves as a key anchor for assessing how far the shares stand from the average analyst target of 110.43 SEK and from the more bullish objectives up to 130 SEK reported in the latest analyst updates.