Pareto cuts target for Orkla stock from NOK 105 to NOK 100

Published on 10/18/2026 at 13:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Buyback reached 6,665,000 shares by October 13, 2026. Orkla stock has third-quarter results due November 6, 2026, with a capital markets day on December 1, 2026.

Buyback and reporting dates

Pareto Securities cut its Orkla target to NOK 100.00 from NOK 105.00 on October 15, 2026.
Orkla accumulated 6,665,000 repurchased shares by October 13, 2026.
Orkla's third-quarter results are scheduled for November 6, 2026.

Flatlay-Arrangement mit Aktienzertifikat und Verpackungen, thematisch zu Orkla ASA Konsumgüter — Orkla ASA NO0003733800 zeigt ein Flatlay mit Aktienzertifikat, ISIN-Karte und typischen Konsumgüter-Verpackungen sorgfältig arrangiert, Illustration mit AI erstellt.

Orkla ASA (ISIN NO0003733800) faces a lower analyst valuation after Pareto Securities cut its target from NOK 105.00 to NOK 100.00 and kept its Hold rating on October 15, 2026, according to MarketScreener. The change puts capital allocation and the next earnings report at the center of the investor debate.

Three buyback milestones

On August 20, 2026, Orkla reported second-quarter adjusted earnings per share of NOK 1.60, up 3.00 percent, while reported revenue fell 5.00 percent, according to Yahoo Finance. On September 21, 2026, Orkla launched a buyback program worth up to NOK 4.0 billion, with a planned end date of December 31, 2027, according to MFN. On October 14, 2026, the company disclosed 2,173,000 additional repurchased shares, bringing the cumulative total to 6,665,000, according to Investegate.

What does the buyback change?

The latest purchases lifted Orkla's treasury stock to 30,292,931 shares, equal to 3.07 percent of share capital, according to Investegate. The arithmetic effect is straightforward: fewer shares outstanding can increase the share of future earnings attributable to each remaining share, while the NOK 4.0 billion authorization also commits capital through 2027.

When are the next dates?

Orkla is scheduled to report third-quarter results on November 6, 2026, according to Yahoo Finance. Management also set December 1, 2026, for its Capital Markets Day, giving investors two dated opportunities to assess volume trends, margins and capital deployment.

Capital allocation shapes the outlook

Orkla's investor materials show fiscal-year 2025 revenue of NOK 71.5 billion, adjusted EBIT of NOK 7.6 billion and adjusted earnings per share of NOK 6.83. The company operates a portfolio centered on branded consumer goods across food, snacks, health, personal care and household products.

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