JPMorgan raises target for SSAB stock from SEK 95 to SEK 102

Published on 10/18/2026 at 12:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

SSAB will publish third-quarter results on October 28, 2026. The SEK 3.3 billion Oxelösund project adds a second test for SSAB stock.

Targets, projects and dates

JPMorgan set a SEK 102 target on October 15, 2026.
Second-quarter revenue reached SEK 27,489 million versus SEK 25,631 million.
SSAB will publish its third-quarter report on October 28, 2026.
The Oxelösund investment totals SEK 3.3 billion and adds 100,000 tonnes of annual capacity.

Geometrisches Bauhaus-Poster mit Baum- und Waldformen und dem Wort FOREST — Bauhaus-Poster im geometrischen Stil illustriert Holmen AB (SE0000171100) mit stilisierten Baumformen und Sektor-Text FOREST, Illustration mit AI erstellt.

SSAB (SE0000171100) received a higher JPMorgan price target of SEK 102 from SEK 95 on October 15, 2026, while the bank kept a Neutral rating, according to Markets Insider. The update puts the next quarterly report at the center of the SSAB stock story.

Why the target changed

JPMorgan analyst Dominic O'Kane raised the target from SEK 95 to SEK 102 and retained a Neutral view, the report said on October 15, 2026. The move gives investors a quantified reference point before SSAB publishes its next operating update.

SSAB's second-quarter report showed revenue of SEK 27,489 million, compared with SEK 25,631 million in the year-earlier quarter. Operating result reached SEK 2,695 million versus SEK 2,140 million, while earnings per share came to SEK 2.09 compared with SEK 1.86, according to SSAB.

Three dates, three figures

The chronology is clear. On July 22, 2026, SSAB reported second-quarter revenue of SEK 27,489 million through its investor-relations materials. On October 13, 2026, it started construction of a new quenching line in Oxelösund, an investment worth SEK 3.3 billion, according to SSAB. On October 15, 2026, JPMorgan lifted its target to SEK 102 from SEK 95.

What comes next for SSAB

SSAB will publish its third-quarter report on October 28, 2026, with the release planned for 7:30 a.m. CET and the presentation at 9:30 a.m. CET, according to the company's official invitation. The Oxelösund line is planned to start production in 2030 and is expected to add 100,000 tonnes of annual capacity for advanced wear and protection steels, according to SSAB's October 13 release.

Stock context stays event driven

The October report will show whether the stronger second-quarter operating result is carrying into the next period and how management frames demand for special steels. The investment timeline also gives the company a longer-term capacity milestone alongside the near-term earnings date. The further course of trading is shown by the continuously updated real-time quote of SSAB stock.