Nordea raises target for Equinor stock from NOK 400 to NOK 480

Published on 10/22/2026 at 12:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Equinor expects USD 12.19 billion in adjusted Q3 pretax profit. Equinor stock costs EUR 41.67 on October 22, 2026.

Analyst target and reporting date

Nordea lifted its Equinor target from NOK 400 to NOK 480 on October 19, 2026.
Equinor expects adjusted pretax profit of USD 12.19 billion for the third quarter of 2026.
Equinor stock was trading at EUR 41.67 at 12:13 p.m. CEST at Lang & Schwarz on October 22, 2026.
Equinor will present third-quarter results on October 28, 2026, with the next ex-dividend date on November 13, 2026.

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Equinor (ISIN NO0010096985) is heading toward its third-quarter report after Nordea raised its price target from NOK 400 to NOK 480 and reiterated a Buy rating on October 19, 2026, according to MarketScreener. The higher target arrives before the company presents third-quarter results on October 28, 2026.

Nordea lifts its valuation target

The target increase gives investors a concrete benchmark ahead of the report. Nordea's Oslo target moved to NOK 480 from NOK 400, while the analyst retained its Buy recommendation, MarketScreener reported on October 19, 2026. The assessment places the coming earnings release at the center of the stock's near-term valuation debate.

What could the report show?

Fresh consensus compiled from 21 analysts points to adjusted pretax profit of USD 12.19 billion for the third quarter of 2026, compared with USD 6.21 billion in the third quarter of 2025, according to E24 on October 21, 2026. The same forecast puts production at 2.129 million barrels of oil equivalent per day, close to the year-earlier level.

Three dated signals for Equinor

On July 22, 2026, Equinor reported second-quarter revenue of USD 35.18 billion and net income of USD 4.85 billion for the period, according to Equinor. On October 7, 2026, the company invited analysts to submit third-quarter estimates ahead of the October 28 results. On October 19, 2026, Nordea raised its target to NOK 480 from NOK 400, making the analyst revision the latest dated valuation signal.

Which dates matter next?

Equinor's third-quarter results and analyst conference are scheduled for October 28, 2026, according to Equinor. The investor calendar also lists November 13, 2026, as the ex-dividend date for the Oslo listing, with the next payment scheduled for November 25, 2026.

Price stays tied to the results date

Equinor's market capitalization was USD 111.6 billion on October 21, 2026. On the same primary-market quotation, the 52-week range was USD 22.26 to USD 47.01. In Oslo, Equinor closed at NOK 434.30 on October 21, 2026, according to the dated market quotation shown by Zonebourse. The further course of trading is shown by the continuously updated real-time quote of Equinor stock.