SB1 Markets raises Kongsberg stock target to NOK 400

Published on 10/15/2026 at 13:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached NOK 9.89 billion in 2026. Kongsberg stock costs EUR 28.33 on October 15, 2026, against NOK 301.50 in Oslo.

Defense contracts and earnings dates

SB1 Markets lifted its target to NOK 400 on October 15, 2026.
Second-quarter revenue reached NOK 9.89 billion in 2026.
Kongsberg stock trades at EUR 28.33 at 1:44 p.m. CEST at Lang & Schwarz on October 15, 2026.

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Kongsberg (ISIN NO0013536151) faces a higher valuation hurdle after SB1 Markets raised its target for the Norwegian technology and defense group to NOK 400 from NOK 375 on October 15, 2026, according to MarketScreener. The note reiterated a buy rating. For investors, the key question is whether the company can convert its defense backlog into sustained earnings growth.

Second-quarter revenue sets the base

Kongsberg reported revenue of NOK 9.89 billion for the second quarter of 2026. The operating result was NOK 1.59 billion, while operating margin reached 16.10 percent in the same period. These figures come from the company's Q2 report published through its Kongsberg investor relations page.

The latest market figures place Kongsberg Gruppen at NOK 265.20 billion in market capitalization as of October 15, 2026. Its Oslo quote stood at NOK 301.50 at 1:39 p.m. CEST, with a 52-week range of NOK 228.50 to NOK 427.00.

What do the contracts mean for growth?

The recent order flow gives the target increase a concrete operating backdrop. On September 28, 2026, Kongsberg signed a frame agreement with the U.S. Marine Corps worth up to USD 404.00 million, with deliveries extending to 2034, as reported by MFN.

Three dated signals for Kongsberg

On September 28, 2026, the U.S. Marine Corps agreement carried potential value of USD 404.00 million. On September 29, 2026, Kongsberg signed a Netherlands air-defense contract worth NOK 1.50 billion, according to MFN. On October 15, 2026, SB1 Markets raised its target to NOK 400 from NOK 375.

The next two dated events are the third-quarter 2026 report on October 29, 2026, and the 2026 annual report on February 11, 2027, both listed in the Kongsberg corporate calendar carried by MFN.

Stock price and valuation context

Kongsberg's Oslo share price was NOK 301.50 at 1:39 p.m. CEST on October 15, 2026, while its euro quote was EUR 28.33 at Lang & Schwarz at 1:44 p.m. CEST. The company operates across maritime technology, defense and aerospace, and digital solutions, with Kongsberg Defence & Aerospace providing the clearest link between the recent contracts and the analyst target.

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