Nordea raised Sandvik target to SEK 345. Sandvik stock gains 3.40 percent

Published on 10/09/2026 at 12:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Nordea lifts its target from SEK 335 to SEK 345 and keeps Sell on October 8, 2026. Sandvik stock costs EUR 32.23 after EUR 31.17, plus 3.40 percent.

Key points in brief

Nordea raised its Sandvik target from SEK 335 to SEK 345 while keeping a Sell rating on October 8, 2026.
Sandvik stock was trading at EUR 32.23 at Lang & Schwarz on October 9, 2026, up 3.40 percent versus EUR 31.17.
Second-quarter 2026 revenue reached SEK 36.75 billion, while operating profit was SEK 7.23 billion.
Sandvik will publish third-quarter 2026 results on October 22, 2026, followed by its Capital Markets Day on November 24-25, 2026.

Makroaufnahme einer Hartmetall-Fräserschneide im Studiolicht, Sandvik AB SE0000667891 — Sandvik AB (SE0000667891) entwickelt Hartmetallwerkzeuge mit widerstandsfähigen Schneidkanten für präzise Metallbearbeitung weltweit, Illustration mit AI erstellt.

Sandvik (ISIN SE0000667891) was trading at EUR 32.23 at Lang & Schwarz on October 9, 2026, up 3.40 percent from the EUR 31.17 prior close. On October 8, 2026, Nordea raised its target from SEK 335 to SEK 345 while keeping a Sell rating, according to Borskollen.

Three dated signals for Sandvik

On July 17, 2026, Sandvik reported second-quarter revenue of SEK 36.75 billion and operating profit of SEK 7.23 billion, according to Sandvik. Revenue was up 19.80 percent from the second quarter of 2025, while operating margin reached 19.70 percent.

On September 17, 2026, JP Morgan lifted its Sandvik target from SEK 400 to SEK 415 and kept a Neutral recommendation, as Marketscreener reported.

On October 8, 2026, Nordea moved its target from SEK 335 to SEK 345. Its adjusted operating-profit forecasts for 2026 through 2028 increased by an average of 4.00 percent, while Nordea described the earnings improvement as cyclical rather than structural, according to Borskollen.

What does the target change show?

The target increase does not remove Nordea's cautious stance. The bank expects higher supply and recycling to pressure profitability from 2027, making the distinction between a cyclical earnings lift and structural improvement central to the debate.

Sandvik's second-quarter adjusted EBITA margin was 22.60 percent, according to Sandvik. The combination of 19.80 percent revenue growth and a 22.60 percent adjusted EBITA margin gives the upcoming report a clear operational benchmark.

Next dates carry the next test

Sandvik will publish its third-quarter 2026 results on October 22, 2026, at approximately 8:00 a.m. CEST, according to Sandvik. The company has also scheduled its Capital Markets Day for November 24-25, 2026, in Tampere, Finland.

Sandvik stock posts a marked daily gain

At 12:52 p.m. CEST on October 9, 2026, Sandvik stock was trading at EUR 32.23 at Lang & Schwarz, up 3.40 percent versus the EUR 31.17 prior close. The primary Stockholm listing was last at SEK 360.50 at 12:53 p.m. CEST, while its market capitalization was SEK 452.2 billion.

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