HSBC raises target for Pandora stock to DKK 890

Published on 10/15/2026 at 13:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Pandora posted 3.00 percent organic growth in Q2 2026. Pandora stock costs EUR 111.90 on October 15, 2026 beside its DKK 890 target.

HSBC target and operating figures

HSBC set a DKK 890 target on October 14, 2026, up from DKK 880.
Pandora delivered 3.00 percent organic growth in the second quarter of 2026.
Pandora stock trades at EUR 111.90 at 1:04 p.m. CEST at Lang & Schwarz on October 15, 2026.

Schwarzweiß-Reportagefoto von Arbeitern in Schmuckfabrik bei der Ringkontrolle — Pandora A/S (DK0060252690) beschäftigt tausende Mitarbeiter, dokumentarische Aufnahme zeigt Schmuckfertigung in großer Fabrikhalle, Illustration mit AI erstellt.

Pandora (ISIN DK0060252690) received a higher HSBC price target of DKK 890 on October 14, 2026, up from DKK 880, while the bank retained its Hold rating, as reported by MarketScreener. The move gives investors a fresh valuation marker after Pandora's guidance increase and expansion in Vietnam.

Three events reset the picture

Pandora raised its 2026 organic revenue growth outlook to 3.00 percent on October 1, 2026, from a previous range of minus 1.00 percent to plus 2.00 percent, according to Investing.com. On August 12, 2026, the company reported 3.00 percent organic growth in the second quarter and upgraded its guidance through its Pandora investor-relations page. The October 14, 2026 HSBC target increase is the latest of the three events.

What does the 3 percent outlook mean?

The operating data show a mixed demand base. Pandora reported DKK 7,219.0 million of revenue and DKK 1,463.0 million of operating profit in the second quarter of 2026, with a 20.30 percent operating margin, according to Inderes. The company said like-for-like sales rose 10.00 percent in Asia-Pacific but fell 1.00 percent in North America and 2.00 percent in EMEA in the same quarter.

The Vietnam facility adds a longer-term capacity option. Inside Retail Asia reported on October 7, 2026, that the USD 150.00 million plant can produce up to 60 million pieces a year, lifting manufacturing capacity by 50.00 percent. The same report said Pandora will publish third-quarter results and a strategic update on November 4, 2026.

Next reporting date is November 4

Pandora's next substantiated date is November 4, 2026, for third-quarter results and a strategic update. That release should show whether the 3.00 percent annual growth outlook is being supported by improving demand outside Asia-Pacific.

Price stays below the target

Pandora stock was trading at EUR 111.90 at Lang & Schwarz on October 15, 2026 at 1:04 p.m. CEST. The DKK 890 HSBC target remains a separate Danish-kroner valuation reference and is not combined with the euro quotation. The further course of trading is shown by the continuously updated real-time quote of Pandora stock.