Pareto raises target for Avanza stock to SEK 454

Published on 10/20/2026 at 21:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Avanza's third-quarter profit reached SEK 790.00 million, up 13.00 percent year over year. Avanza stock costs EUR 31.97 on October 20, 2026.

Pareto target and quarterly figures

Pareto raised its Avanza target to SEK 454 from SEK 450 on October 19, 2026.
Third-quarter operating profit reached SEK 920.00 million, up 13.00 percent year over year.
Avanza stock was trading at EUR 31.97 at Lang & Schwarz on October 20, 2026 at 9:34 p.m. CEST.
Avanza is scheduled to release sales and revenue figures on November 4, 2026.

Makrofoto eines Fingers auf Smartphone-Display mit Börsenkurven und Kurszahlen — Makroaufnahme eines Smartphone-Displays mit Börsenkursen; Avanza Bank Holding AB (ISIN SE0012454072) bietet solche Depots, Illustration mit AI erstellt.

Avanza Bank Holding AB (ISIN SE0012454072) is trading at EUR 31.97 at Lang & Schwarz on October 20, 2026 at 9:34 p.m. CEST. MarketScreener reported on October 19, 2026 that Pareto raised its target for Avanza from SEK 450.00 to SEK 454.00 and reiterated its buy rating.

Quarterly profit rose 13.00 percent

Avanza reported third-quarter operating income of SEK 1,283.00 million for 2026, an increase of 12.00 percent from the third quarter of 2025. Operating profit reached SEK 920.00 million, up 13.00 percent, while profit for the period was SEK 790.00 million, also 13.00 percent higher year over year.

The earnings mix was broad. Net interest income, fund commissions and currency-related income all increased in the third quarter of 2026, while operating expenses rose 12.00 percent to SEK 362.00 million. The operating margin was 72.00 percent, unchanged from the third quarter of 2025.

Customer growth supports the platform

Avanza added 52,800 net new customers in the third quarter of 2026, compared with 40,700 in the third quarter of 2025. The customer base reached 2,391,100 at the end of September 2026, an increase of 8.00 percent year over year.

Net inflow reached SEK 23,100.00 million in the third quarter of 2026, up 61.00 percent from SEK 14,400.00 million in the third quarter of 2025. Savings capital rose 21.00 percent year over year to SEK 1,276,600.00 million.

What does the target imply?

Pareto's SEK 454.00 target is SEK 49.40 above the latest Swedish closing price of SEK 404.60? The available dated price evidence identifies the Stockholm close at SEK 355.30 on October 19, 2026, making the target SEK 98.70 higher. MarketScreener also reported that Pareto described Avanza's 2027 valuation at a P/E ratio of 16.50 and cited an 18.00 percent forward P/E discount to Nordnet on October 19, 2026.

Next date and market position

Avanza's investor-relations calendar lists November 4, 2026 for a sales and revenue release. The company also reported that Avanza Sigma had SEK 710.00 million in assets under management at the end of the third quarter of 2026.

Stock trades after the Xetra session

Avanza's euro quotation stood at EUR 31.97 at Lang & Schwarz on October 20, 2026 at 9:34 p.m. CEST. The Swedish primary listing is Avanza's AZA share on Nasdaq Stockholm, where the stock closed at SEK 355.30 on October 19, 2026.

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