Goldman Sachs raises target for Nitto Denko stock to USD 22.80

Published on 10/20/2026 at 19:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Nitto Denko booked JPY 1.03 trillion revenue in fiscal year 2026. Nitto Denko stock costs EUR 20.60 on October 20, 2026 at 7:01 p.m. CEST.

Target and reporting date

Goldman Sachs raised its Nitto Denko target from USD 19.21 to USD 22.80 on October 19, 2026.
Fiscal year 2026 revenue reached JPY 1.03 trillion and free cash flow was JPY 84.75 billion.
Nitto Denko stock costs EUR 20.60 at Lang & Schwarz on October 20, 2026 at 7:01 p.m. CEST.
Second-quarter fiscal 2026 results are scheduled for October 27, 2026.

Nitto Denko, JP3684000007, Illustration mit AI erstellt.

Goldman Sachs raised its target for Nitto Denko stock from USD 19.21 to USD 22.80 while maintaining a Hold rating on October 19, 2026, according to Futu News. Nitto Denko stock was trading at EUR 20.60 at Lang & Schwarz on October 20, 2026 at 7:01 p.m. CEST.

Goldman Sachs lifts the target

The target increase from USD 19.21 to USD 22.80 is the clearest fresh analyst action in the past month. The report retained a Hold rating, so the higher target did not come with a stronger published recommendation. The source identifies Daiki Takayama as the Goldman Sachs analyst.

Revenue reached JPY 1.03 trillion

Nitto Denko reported revenue of JPY 1.03 trillion for the fiscal year ended March 2026, up from JPY 1.01 trillion in the prior fiscal year. KabuFacts also lists free cash flow of JPY 84.75 billion for fiscal year 2026, compared with JPY 102.80 billion a year earlier. That combination puts the analyst revision beside a softer cash-flow comparison.

Tokyo valuation and coming results

Nitto Denko closed on the Tokyo Stock Exchange at JPY 3,627 on October 20, 2026, down 0.30 percent from JPY 3,638. Its market capitalization was JPY 2.4 trillion, the trailing price-to-earnings ratio was 17.94, and the dividend yield was 2.00 percent on that date. The 52-week range was JPY 2,882.50 to JPY 4,068.00.

KabuFacts lists Nitto Denko's next results for October 27, 2026. The announcement covers second-quarter fiscal 2026 financial results. The date gives investors a near-term test for the higher analyst target.

Comparison with peers

Nitto Denko: down 0.30 percent, P/E 17.94, market capitalization JPY 2.4 trillion.

Shin-Etsu Chemical (Tokyo Stock Exchange, JPY): down 1.63 percent, P/E 22.90, market capitalization JPY 10.9 trillion.

Asahi Kasei (Tokyo Stock Exchange, JPY): down 1.43 percent, P/E 11.15, market capitalization JPY 2.1 trillion.

What matters before October 27

The next results will put the fiscal year 2026 revenue base and the JPY 84.75 billion free-cash-flow figure into a new reporting period. Goldman Sachs now uses USD 22.80 as its target, while the Tokyo quotation remains below its October 20 close level in the latest completed session.

Nitto Denko stock was trading at EUR 20.60 at Lang & Schwarz on October 20, 2026 at 7:01 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Nitto Denko stock.