Assa Abloy AB stock (SE0007100581): Goldman Sachs raises price target

Goldman Sachs lifted its price target on Assa Abloy AB to SEK 377 from SEK 375 while keeping a Neutral rating, as reported on May 11, 2026. The move reflects analyst views on the lock and security leader amid steady trading.

Goldman Sachs raised its price target for Assa Abloy AB to SEK 377 from SEK 375 on May 11, 2026, while reiterating a Neutral rating, according to Marketscreener as of 05/11/2026. The adjustment signals modest optimism for the Swedish security solutions provider, which trades on Nasdaq Stockholm. Assa Abloy shares closed at SEK 355.10 recently, with an average analyst target of SEK 403.90 implying upside potential, per Zonebourse as of 05/11/2026.

As of: 11.05.2026

By the editorial team – specialized in equity coverage.

At a glance

• Name: Assa Abloy AB
• Sector/industry: Security and access solutions
• Headquarters/country: Stockholm, Sweden
• Core markets: Global, with strong presence in Europe and North America
• Key revenue drivers: Door locks, security systems, electromechanical solutions
• Home exchange/listing venue: Nasdaq Stockholm (ASLA B)
• Trading currency: SEK

Assa Abloy AB: core business model

Assa Abloy AB operates as the world's leading provider of locking solutions, offering mechanical and electromechanical locks, digital door locks, high-security doors, and entrance automation systems. The company serves residential, commercial, institutional, and industrial customers worldwide through a vast portfolio of brands. Its business model emphasizes innovation in access control and security technologies, with a focus on recurring revenue from service and maintenance contracts.

Headquartered in Stockholm, Sweden, Assa Abloy generates the majority of its revenue outside its home market, benefiting from global diversification. The company reported steady growth in recent years, driven by acquisitions and organic expansion in smart home and enterprise security segments, according to its investor relations materials.

Main revenue and product drivers for Assa Abloy AB

Key revenue streams include electromechanical and smart locking solutions, which accounted for a growing share of sales in recent quarters. Residential products like smart locks and door hardware contribute significantly, alongside commercial offerings such as hotel security systems and secure entrance solutions. Geographic revenue splits show Europe at around 50%, Americas 30%, and Asia-Pacific the balance, based on historical filings.

Acquisitions have been a major driver, with Assa Abloy integrating over 100 companies in the past decade to bolster its product range and market reach. Digital transformation, including cloud-based access management, positions it well in the IoT-enabled security market.

Industry trends and competitive position

The global security products industry is expanding due to rising demand for smart building technologies and cybersecurity integration. Assa Abloy holds a top market position, competing with players like Allegion and dormakaba. Trends like urbanization and remote access needs favor its portfolio, particularly in North America where it supplies major real estate and hospitality clients.

Why Assa Abloy AB matters for US investors

Assa Abloy AB offers US investors exposure to the growing North American security market through its substantial revenue from the region and listings accessible via ADRs or international brokers. Its products secure key US infrastructure, from offices to data centers, tying its performance to economic recovery and construction activity in the world's largest economy.

Conclusion

The recent price target increase by Goldman Sachs underscores analyst attention on Assa Abloy AB's solid positioning in the security sector. With global diversification and innovation focus, the company navigates market dynamics steadily. US investors may track its North American exposure and upcoming earnings for further insights into performance.

Disclaimer: This article does not constitute investment advice. Stocks are volatile financial instruments.