SEB cut Elisa target to EUR 41: Elisa stock sits below target

Published on 10/08/2026 at 11:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

SEB retained Buy as the target fell to EUR 41.00 on October 6, 2026. Elisa stock costs EUR 35.56 on October 8, 2026 versus EUR 35.47, plus 0.25 percent.

Fotorealistisches Bild eines Mobilfunkmasts mit Glasfaserkabeln in winterlicher finnischer Landschaft bei Dämmerung — Elisa Oyj FI0009007832 betreibt moderne Mobilfunkmasten und Glasfasernetze in finnischer Winterlandschaft heute, Illustration mit AI erstellt.

Elisa Oyj (FI0009007884) was trading at EUR 35.56 at Lang & Schwarz on October 8, 2026 at 11:01 a.m. CEST, up 0.25 percent from the EUR 35.47 prior close. The latest analyst signal came from SEB, which cut its Elisa target from EUR 41.50 to EUR 41.00 on October 6, 2026 while retaining a Buy rating, according to MarketScreener.

SEB lowers target to EUR 41

The revised target is EUR 5.44 above the Lang & Schwarz price, leaving the price 13.27 percent below the target. That gap is narrower than the distance implied by SEB's previous EUR 41.50 target, but the retained Buy rating keeps the research view constructive.

MarketScreener also listed a wider analyst range for Elisa, including Bernstein's EUR 26.50 target and JPMorgan's EUR 34.00 target. The spread places the SEB view above the more cautious calls and makes the October 21 results date an important test of the valuation debate.

Q2 profit and cash flow

Elisa's second-quarter 2026 revenue was EUR 550.8 million and net income was EUR 88.9 million, according to the company's investor materials dated July 15, 2026, available through Elisa. Revenue was higher than the EUR 548.4 million reported for the first quarter of 2026, while net income declined from EUR 91.4 million.

Operating cash flow reached EUR 143.3 million in the second quarter, compared with EUR 157.2 million in the first quarter. The figures give investors two competing signals: sales improved sequentially, while profit and cash generation softened.

Results date sets the next test

Elisa is scheduled to publish its third-quarter 2026 report on October 21, 2026, with an analyst conference call the same day, according to Elisa. The company said its full-year 2026 comparable EBITDA guidance was EUR 815 million to EUR 845 million and that telecom service revenue was expected to grow 0 percent to 2 percent.

For investors, the key comparison is whether third-quarter revenue and margins support the target range after the second-quarter revenue increase and net income decline. The price was 21.40 percent below the EUR 45.24 52-week high and 5.52 percent above the EUR 33.70 52-week low on October 8, 2026.

Stock remains below target

At Lang & Schwarz, Elisa stock was trading at EUR 35.56 on October 8, 2026 at 11:01 a.m. CEST, up 0.25 percent versus the EUR 35.47 prior close at Lang & Schwarz. The further course of trading is shown by the continuously updated real-time quote of Elisa stock.