JP Morgan raises target for SSAB stock to SEK 98

Published on 10/15/2026 at 12:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

SSAB will publish third-quarter results on October 28, 2026. SSAB stock costs EUR 9.07 and Q2 revenue reached SEK 27.49 billion.

Signals before the next report

JP Morgan lifted its SSAB target to SEK 98 from SEK 91 on October 15, 2026.
Second-quarter revenue reached SEK 27.49 billion, while operating result was SEK 2.70 billion.
SSAB stock traded at EUR 9.07 at 12:45 p.m. CEST at Lang & Schwarz on October 15, 2026.

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SSAB (ISIN SE0000171100) drew a higher price target from JP Morgan on October 15, 2026, with the bank lifting its target for SSAB B to SEK 98 from SEK 91 while keeping a Neutral rating, as reported by Placera.

What changed before results?

The target move arrives ahead of SSAB's third-quarter report, but the unchanged Neutral rating keeps the message balanced. JP Morgan's target rose by SEK 7, or 7.69 percent from SEK 91, while the bank's published view did not turn bullish on October 15, 2026.

SSAB's latest reported quarter provided a stronger operating base. In the second quarter of 2026, revenue reached SEK 27.489 billion, compared with SEK 25.631 billion in the second quarter of 2025, while operating result was SEK 2.695 billion versus SEK 2.140 billion, according to SSAB.

Three dated steps for SSAB

On July 22, 2026, SSAB reported second-quarter revenue of SEK 27.489 billion and operating result of SEK 2.695 billion, according to SSAB. On October 13, 2026, the company was reported to have started construction of a new quenching line in Oxelösund with an investment of SEK 3.3 billion, according to Affarsvarlden. On October 15, 2026, JP Morgan raised its target to SEK 98 from SEK 91 while retaining Neutral, according to Placera.

When is the next report?

SSAB will publish its third-quarter 2026 report at approximately 7:30 a.m. CET on October 28, 2026, followed by a briefing at 9:30 a.m. CET, according to SSAB. The report will test whether the second-quarter improvement in revenue and operating result continued into the next period.

Stock price and investor perspective

For investors, the key tension is visible in the contrast between a higher target and a Neutral rating. The second-quarter operating result was SEK 2.695 billion, up from SEK 2.140 billion a year earlier, while the next scheduled report provides the next major company-specific measurement point.

SSAB stock was trading at EUR 9.07 at Lang & Schwarz on October 15, 2026 at 12:45 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of SSAB stock.