Nordea cuts target for Thule stock from SEK 275 to SEK 250

Published on 10/18/2026 at 13:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Organic growth ahead of the third quarter is expected at 3.5 percent. Results for Thule stock are scheduled for October 22, 2026.

Analyst target and reporting date

Nordea lowered its Thule target from SEK 275 to SEK 250 on October 15, 2026.
Organic growth before the third quarter is expected at 3.5 percent.
Thule will publish its third-quarter report on October 22, 2026.

SUV mit Dachbox und Fahrradträgern vor Bergpanorama, Symbolbild Outdoor-Ausrüstung — Thule Group AB SE0007158910 zeigt ein SUV mit Dachbox und Fahrradträgern vor Bergkulisse, Illustration mit AI erstellt.

Thule (ISIN SE0006422390) faced a lower Nordea price target after the bank cut its view from SEK 275 to SEK 250 on October 15, 2026. According to MarketScreener, Nordea kept its buy recommendation while lowering its target and forecasting 3.5 percent organic growth before the third quarter.

What does the target cut signal?

The target change puts the upcoming report at the center of the near-term debate. Nordea expects organic growth of 3.5 percent ahead of the July-to-September period, while it cut its earnings before interest and taxes forecasts for 2027 and 2028 by 2 percent to 3 percent because of weaker consumer demand, MarketScreener reported.

Three dates shaped the stock

On September 18, 2026, Danske Bank cut its target from SEK 285 to SEK 280 while reiterating its buy recommendation, according to MarketScreener. On October 12, 2026, Thule announced its third-quarter reporting schedule. On October 15, 2026, Nordea lowered its target from SEK 275 to SEK 250, according to MarketScreener.

Results arrive October 22

The next two scheduled items are both set for October 22, 2026: Thule will publish its third-quarter report at 7:45 a.m. CEST, followed by a conference call and web presentation at 11:00 a.m. CEST. The timetable was published by Nasdaq on October 12, 2026.

The company sells sports and outdoor products across 138 markets. Its 2025 sales amounted to SEK 10.4 billion, according to the same Nasdaq investor announcement. That scale gives the October report a wider test than the analyst target alone: investors will be looking for evidence that product launches, pricing and cost control can offset softer consumer demand.

Stock context before the report

Thule's last quoted price on Nasdaq Stockholm was SEK 199.40 on October 16, 2026 at 5:29 p.m. CEST. The company describes its portfolio as covering roof racks, carriers, outdoor equipment, child transport products, recreational-vehicle products and bags, while its investor materials identify 2026 second-quarter results as the latest report.

The further course of trading is shown by the continuously updated real-time quote of Thule stock.